Why You Should Never Ignore Bike Insurance Renewal

For any biker, his bike is an extension of himself. And no biker would want to go through the experience of losing his bike or getting it damaged due to an accident. But the fact is that no one can stop such occurrences. In fact, what they surely do is that they can protect you and your bike against all the odds by protecting it with adequate insurance cover.

If you are still not convinced, then the following reasons might make you rethink the importance of buying and timely renewing bike insurance coverage.

1. Protection Against Accidents: Not renewing bike insurance timely not just makes you vulnerable and exposed to bike thefts, but also leaves them unprotected in the event of an accident. India accounts for around 2% of motor vehicles in the world yet it constitutes more than 11% of deaths due to road accidents. Not only the road accidents cause the loss of lives, but also deeply impact the socio-economic conditions. Thus, having an adequate bike insurance cover that protects you against thefts, natural calamities, accidents, third-party liabilities, man-made hazards, etc. becomes important. So, looking at the grim statistics of theft and accidents, it becomes even more important to get your bike insurance policy renewed.

2. Abiding By the Rules: As per the current traffic rules of the Motor Vehicles Act, 1988, it is mandatory to have at least a third-party insurance policy for your bike. A third party bike insurance policy ensures that you are covered in case of any third party suffering caused due to your bike. Being covered under a third party bike insurance policy not only fulfills the legal liability but also instills you with confidence to take the vehicle out on the roads without any fear so that you can have a smooth and stress-free ride.

3. Protection Against Theft: Insurance acts as a protective shield for your bike against thieves. Not only from theft, but an adequate bike insurance cover protects you in case of accidents too by providing you compensation for the same. India has a whopping number of vehicle thefts every year and hence it becomes important to have adequate coverage. Because in case you don’t have it, then you may face huge losses in case of a mishap.

So many benefits, yet many people avoid bike insurance renewal. Let us understand why.

Why Do People Avoid Insurance?

One of the main reasons why people miss out on bike insurance renewal is that they find the process long and/or hassled. They might find it difficult to go through the entire process. Also, there may be past experiences due to which they do not find it easy to renew bike insurance plans. But, there is a solution to that; that is, InsuranceDekho.

Simple Steps to Renew Bike Insurance Policy at InsuranceDekho

At InsuranceDekho, you will find it very easy to renew your bike insurance policy. All you have to do is follow the steps given below:

1. Visit Insurancedekho Then click on the bike tab.
2. Enter your bike’s registration number then click on ‘Proceed’. After that, select the fuel type and variant. If you don’t remember your bike’s registration number, then click on the ‘Don’t know your bike number?’ option.
3. Fill in different options like your bike’s make, model, variant, registration year, registration city, and RTO.
4. Enter the expiry date of your bike insurance policy and the name of the previous insurance company. Tell us if you have registered any claim in the last policy term and click on ‘Continue’.
5. You will see several bike insurance quotes on your screen. Compare them and choose the most suitable one from them as per your requirements. You can also opt for the add-on(s), accessories, etc. if you want.
6. Click on ‘Buy Now’ and enter details to complete the payment process using debit or credit card or net banking facilities. You will be issued the policy instantly and the documents will be sent on your registered email ID.

Also, Read

Guide To Buy Bike Insurance For Old Bikes

Planning To Buy A Second Hand Motorcycle? Here Are The Things To Keep In Mind

Conclusion

In unpredictable times, it is better to have utmost protection for your vehicles, and hence you must not forget to buy and timely renew your bike insurance policy. No doubt having a bike insurance policy keeps you better prepared to face the future. It ensures that your two-wheeler is safe against any possible threat that is there. So, delay no more to buy or renew the bike that takes you through rocky roads of life.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.