If you are intending to purchase high-value two-wheeler insurance, then the time has never been more perfect. You can get the best policies from the top providers like Bajaj Allianz, Acko bike insurance, etc. from the Indian market. They have various plans to cover all the requirements of the two-wheeler owners. But you must be mindful to carry out a bike insurance check to find the best high-standard insurance for you.
If you are looking for bike insurance that is just made for you, then this guide would be of great use to you. Here are a few tips that can help you get high-standard two-wheeler insurance. Read to know more!
Ask for the two-wheeler insurance policy on buying a second-hand two-wheeler:
If you are buying a second-hand two-wheeler, you must ask the seller to give you the two-wheeler insurance that he has in his name. After getting the insurance transferred in your name, you can rest assured that you have insurance that can help you in case your vehicle meets with an accident. Also, the process of transferring your Acko bike insurance from the old owner to your name is a very easy and hassle-free process.
Make sure you get the third-party insurance included or buy it as an add-on:
Third-party insurance coverages are mandatory for all two-wheeler owners as per the government guidelines, under the motor vehicle act of 1998. If you fail to get that you might have to pay a penalty.
If you buy Acko bike insurance, consider buying the plan that includes a third-party cover. After doing the bike insurance check, if the wish to get more extensive coverage, you can also opt for various add-ons in your plan to get higher benefits. You will have to pay a certain fixed amount for that along with your premium.
Good insurance is the one that provides NCB:
After doing the necessary bike insurance check, you can rest at ease that your chosen insurance policy has all the things you might need in times to come. Besides them, you must look out for the NCB.
NCB stands for Non-claim Bonus. It is the amount that gets accumulated at the end of the year if you do not raise any claim in that year. It helps in lessening the amount of premium for you in the next year. But if you try to use it after the expiration of the claiming period, you will not be able to avail of it. The No Claim Bonus percentage of the Acko bike insurance is much higher than other bike insurance policies.
Select the right amount of IDV:
IDV stands for Insured Declared Value of the insured two-wheeler. It is the amount that is mutually decided by the insurer and the customer. You must not fall for lower amounts of IDV as they can be a great problem in the long run. Going for a lower IDV will not give you adequate coverage in times of need.
The premium rates will indeed fall considerably, but you will also have to bear a smaller amount when you raise your claim. An ideal amount of IDV must be according to the market value of the two-wheeler. IDV must be at the top of your bike insurance check.
Correct name as per RC and the previous insurance policy:
All the details that you might have filled in while buying the Acko bike insurance the previous time, you need to stick to them this time as well. Any change in the important details like name and address will not be entertained by the insurance providers in the middle of the tenure. So, you must make sure you fill them out correctly when you opt for bike insurance. If any mistakes were found during your bike insurance check, then your policy will stand canceled.
Mention a nominee in your Acko bike insurance policy:
After doing the bike insurance check, you must also mention a nominee in your Acko bike insurance policy. This ensures that this person would be entitled to raise a claim if something happens to the vehicle in an accident. You can mention your family as a nominee in case any of your family members meet with an accident. This way, raising the claim would be easier for you as well as the company.
The right inclusions:
If you are buying high-standard Acko bike insurance, you must look for the right inclusions in the plan. If it has anything extra that you are required to pay for, do not buy it. After doing the bike insurance check, buy the plan that has the right things you need. If it lacks anything, you can include it as an add-on to get the high-end safety you desire.