Buying your favorite two wheeler as per your need & requirement is the dream of all people & if its wi-fi network new bike / scooter then we care it like our child & maintain it properly, but what if its met with the accident of mistake of other person or any other natural calamites?? We couldn't picture this situation, when because of others mistake we must pay unnecessarily by burning our pocket or disturb us budget. So for to be able to all this, two wheeler insurance is the only thing which you can obtain the full protection of car & also ease against any un-expected bad financial situation.
Two wheeler insurance enters the picture two options, comprehensive & third party. Third party is
mandatory by law, which covers only legal liabilities for injury / death or damage of third party
property in case of an issue.
In comprehensive insurance premiums made to be for cover your market value of car (IDV) where
you should get car parts and repair charges depending on the age & depreciation of your Two wheeler. it
also insure you against any damage during accident, add on cover you as a driver & pillion rider
which is traveling with you, which you couldn't reach third party insurance.
Comprehensive Two wheeler insurance include with third party policy insurance program.
The Two wheeler insurance calculation is depend on some below mentioned justifications.
IDV : Insured Declared Value (IDV) it means market associated with car as per the manufacturer
decided. It deprecated every year by average 10%.
NCB : Its called No claim Bonus (NCB), If accident have not claim on previous policy, insurer
gives additional benefits of discount on next renewable policy , NCB discount is increasing year
by year until & unless have not claim for accident refurbishment. It varies from 20% to 50%.
Accessories Cover : May do insured your Two wheeler with additional fitted expensive
electrical & non electrical accessories like halogen light, modified kit etc
In India there are lots of insurance companies but select those only who give you good after sale
service and hassle free claim resolution. Insured every insurance company's take a payment
cheque by on company name you'll find it includes give only by company name for to do not be cheated by
fraud factors. otherwise, do the online payment only by trough genuine web portal plans.
After every payment, ask for immediate cover note or e-cover note of respected insurance
company. Is actually a valid for 60 days and as valuable as original coverage.
Two wheeler Insurance cover not only gives you protection against unexpected things but also
reduce economical burden occurred during accident & an individual peace of mind