Bike Insurance - Why It's Important for All Motorbike Riders

To the significant contingent connected with motorbike drivers inside the UK, dirt bike insurance coverage provides fundamental expense cover just for both gear and also the driver. Competitors that race motorcycles, and / or who drive some sort of dirt bike just for commuter routes, ought to look after the commitment of their dirt bike, whilst likewise accessing reasonably priced health and wellbeing expenses whenever injuries happens because of any sort of accident.

Whilst there are several custom made insurance coverage solutions to help dirt bike riders, 3 specific features are crucial to help bikers. Motorcyclists which pay for high-priced motorcycles, and also would like to preserve their particular investments, have concerns with insurance coverage for their gear. Dirt bike coverage gives the same features to other sorts of vehicle cover. Policy cover incorporates collision protection as well as payment just for damage as well as vehicle repairs included in the plan. A few policies have breaking down retrieval assistance if ever the bike breaks down in any distant area.

Additional bike insurance coverage searchers are certainly more worried about driver safety. A few riders require insurance just for both their selves as well as their sport bikes. On the other hand, various motorcyclists that do not really have that much committed to their motorcycles are certainly more focused on acquiring the correct protection just for injury. Furthermore, motorcycle drivers that race or perhaps ride sport bikes as a occupation may need coverage to protect against decrease in salary and income, when they depend upon their bikes to help with making income.

Third, riders will want legal as well as liability protection. A lot of insurance providers incorporate a degree of motor legal protection together with most policies. Legal motor protection will help safeguard a biker from legal responsibility and / or legalities which occur from mishaps or additional conditions from where the rider is at fault.

Locating a service provider that provides the need protection added benefits, along with excellent services and also claims reply, at a affordable price, are usually crucial to bike insurance purchasers. Insurance companies which react fairly quickly to claims, with minor to no trouble, who offer good customer care, in many cases are a great deal more helpful compared to the least costly insurers. Riders can certainly continue to come across great support at competitive premiums from insurers which are experts in bike insurance.

Various elements can impact the price of bike insurance. The value of the dirt bike as well as the driving background of the rider, are usually essential components. The greater chance for payout for the insurance provider, the more highly-priced the fees. Therefore, bikers with a spotty log and also a background of a bunch of claims can expect to pay far more.

The age of a motorcycle can also be pertinent. A few organizations give selected advertising campaigns or changeable charges and protection which are impacted by the bike's age. A single superb alternative for many riders may be the chance to include motorcycle insurance coverage along with motor insurance, or various other insurance products. Some insurance experts offer discount rates on blended products to be able to appeal to more business through recent clients and pass on the risk. Mutual coverage is also available.

[Source: https://bikeinsuranceblog.wordpress.com/2016/07/05/bike-insurance-why-its-important-for-all-motorbike-riders/]

Why To Go For 2 wheeler insurance

The need and utility of 2 wheeler insurance will never change, no matter which decade or era we are living in. Buying a two wheeler is a sensible and economic decision and there is no need to mention that it is one of the easiest ways to beat the traffic congestion that we face daily on our city streets.

If you are purchasing a two wheeler for yourself, then you must not forget to buy a 2 wheeler insurance policy as its mandatory to have it under the Motor Insurance Act. You can purchase two wheeler insurance for your motorcycle, bike, scooter, etc. It offers wide coverage that helps you in driving securely.

Features & Benefits

The question that arises is why to buy it? Below is the list of features and benefits that may help you in deciding.

Stress-free inspection & cashless claim service

Offer coverage on partial or total loss to your vehicle that occur because of an accident or theft.

Provide coverage on third party damage and third party bodily injury.

You may get attractive discounts on renewal (NCB) for a claimless year.

Predefined reduction for the parts that requires replacement.

Vehicle transport to the nearest garage in case of major breakdown.

Lost key assistance

Add on coverage as well

Need of Insurance

It offers financial coverage for any type of damages or loss that occurs because of natural calamities such as fire, flood, etc.

Coverage against man-made calamities as well that includes theft or accident by external means etc.

The third party legal liability offers coverage against issues arising out of injury/death or property damage to the third party by your vehicle.

Before purchasing 2 wheeler insurance for your bike, scooty, scooter or any other two wheeler, it is essential to know the basic terminology of the same.

Premium

The premium you paid for insurance depends upon several factors such as city where the vehicle got registered, model, age of vehicle, year of manufacture, etc. Premium is decided and regulated by IRDA hence there is not much difference across several companies.

Coverage

It is the financial protection that the insurer offers to you and your two wheeler against any damage and loss caused due to any natural and/or man made calamity. Coverage depends upon the insurer and the plan chosen. That's why it is advisable to buy two wheeler insurance online after comparison.

Exclusions

While purchasing the best two wheeler insurance, you must check its exclusions as it will tell you about situations where the insurer will not be able to offer coverage and required assistance.

Some exclusions will be- normal wear and tear, damage due to drunken driving, driving without license, damage caused by war or nuclear explosions, etc.

Claims

After purchasing the best two wheeler insurance online, you are entitled to get the claim for the damages. It is advisable to not file for any small claim as it will reduce the chances of getting NCB discounts at the time of renewal.

It is advisable to read all the terms and conditions in detail before purchasing an insurance policy. Select your policy wisely making sure it suits your requirements.

Source: [http://twowheelerinsuranceplans.weebly.com/blog/why-to-go-for-2-wheeler-insurance]

Two Wheeler Insurance

Understanding 2 Wheeler Insurance

2 wheeler insurance is mandatory in India. The insurance policy is for the benefits of the vehicle owner as it secures both the vehicle and its owner. Two wheeler insurance provide protection against financial liability and offers you a peace of mind. Two wheeler insurance policy has always been an essential pre-requisite. This policy secures you financially and mentally in case if any mishap or accidents occur. Although, before purchasing any two wheeler insurance policy it is important to understand the different aspects of the insurance policy.

2 wheeler insurance policies are mainly of two types

Liability only policy under which it covers any property damage or any bodily injury to the third party. The policy also covers the owners of the insured vehicle. Liability only policy is mandatory according to the India Motor Act and is compulsory for every vehicle owner to have it.

Comprehensive plan covers all that included in the liability only policy plus damage to the insured vehicle. Comprehensive insurance plan provides a wide range of coverage to the customer and he/she can also avail No Claim Bonus (NCB) under this policy.

Although getting your bike insured is a must do thing, it includes a lot of risk factor too. While buying a bike insurance it is very important to check on the premium offered by the insurer. Generally, the insurance premium of a two wheeler is charged on the basis of

Value and cubic capacity of the two wheeler

Age of two wheeler

From where the two-wheeler is registered

While buying any insurance policy one should not always look for getting the cheapest premium. It is advisable that even if you have to pay a little extra you must try to check all the features that you require in the policy.

An average comprehensive two wheeler insurance policy have a lot of features and benefits. Purchasing a 2 wheeler insurance is pretty simple as it involves limited documentation and limited turnaround times. Two wheeler insurance online helps you to stay protected all the time. While operating the online two wheeler insurance a conformation copy and digitally signed policy documentation are issued immediately after subscription or renewal. Another advantage of getting insured is that you can avail cashless claims servicing across the country at selected network garage. Besides, the comprehensive 2 wheeler insurance policy, there are a plethora of add-on covers available to take care of the situation that is not covered in the main policy.

If you want to get a two wheeler insurance policy then you should also know about what the policy does not cover. There are certain things that are not covered under 2 wheeler insurance these includes-

Normal dent or tear and depreciation of vehicle

Mechanical or electrical breakdown

Loss or damage of the vehicle or person if the rider is drunk and driving

Theft of vehicle parts that are not covered under the policy

The insurance providers offer 24X7 instant claim settlement support to the insure. In the case of an accident, you can easily get your claim done by immediately informing the insurance company within 24hours. Moreover, you can avail the No Claim Bonus (NCB) on renewal if you have a claim free insurance year. Renewal of your bike insurance ensures continuity in protection against natural dangers like fire, earthquake, explosion, flood, etc. Moreover, it covers your damage and pay for the repair work. It also compensates the loss of life or any injury done to the rider and their occupants. While renewing your policy online you can compare plans from the leading provider and save money by comparing policies side by side and choosing the one that fits your pocket the best.

Source:  [http://blogs.rediff.com/twowheelerinsurance/2016/07/02/understanding-2-wheeler-insurance/ ]

Choosing the Right Motorcycle

There was a time when motorcycle owners were stereotyped as outlaws, but now motorcycle enthusiasts come in all walks of life from youth dirt bikers to retirees seeking to tour the country on two wheels. Motorcycles are more popular now than ever because of the freedom they help provide, fuel economy and relatively low cost of maintenance.

Last month Allstate asked the Community: “What type of bike is your motorcycle of choice?” Your answers showed that the choice of motorcycle varies as much as the people who ride them.

• Touring/Sport Touring 27.83% – Touring bikes are substantially larger than other motorcycles but offer unmatched comfort for longer trips. They boast larger gas tanks and increased storage capacity as well. A unique quality of many touring bikes is passenger comfort with full sized and upright seating.
• Sport Bike/High Performance 22.02% – Sport bikes are typically faster and require the rider to lean forward. These bikes are usually better in performance and handling, and are often more lightweight as well. Comfort is somewhat sacrificed for speed and performance but these bikes are extremely popular.
• Standard 11.31% – Standard bikes are essentially a hybrid between cruisers and sport bikes. They are versatile but typically devoid of fairings or wind screens and are usually “naked” in appearance. These bikes are often highly recommended for new riders because of reliability, manageable engines, and low price range
• Custom 7.65% – Customs are difficult to describe because they are usually modified to the riders preference. Larger engines, louder pipes, or handlebars modified to the riders comfort or individual appeal are often additions to this type of motorcycle.

The Choice is yours

When it comes to motorcycles, there certainly are a plethora of options from which to choose. But, how do you pick the motorcycle that is right for you? Choosing the right bike depends on your experience level, price range and driving preferences.

Experience: Your experience with motorcycles or mechanical equipment in general has an effect on which motorcycle you should choose. If you’re a beginner and haven’t had much experience with larger engines, faster speeds, or tighter handling, a sports or custom bike might not be your safest choice. Take into consideration your experience and choose the safest motorcycle for your level.

Price Range: The budget conscious and the unrestricted shopper can both find the right bike insurance online. Custom choppers with vintage wheels and unique paint certainly have price ranges much higher than base level cruisers, but that doesn’t mean a motorcycle purchase is an uneconomical one. Take into consideration purchase price and economic savings when looking at your next motorcycle purchase.

Driving Preference: When you envision cruising the open road in your new motorcycle do you see yourself taking long trips or short ones? Are you a ‘pedal to the metal’ type of driver or do you prefer a more casual cruise? These preferences will take your motorcycle purchase from touring to sport bike in two seconds flat. Think about where you’ll be driving in your new purchase. Your driving preference should help you decide which bike is best for you.

[Source: https://bikeinsuranceblog.wordpress.com/2016/07/01/choosing-the-right-motorcycle/]

Instant two wheeler insurance renewal at the click of a mouse

A two wheeler is highly beneficial for the middle class group. It is not only affordable but also manageable compared to a bulky four wheeler. Even young professionals are hurriedly buying two wheelers for easy commutation. As these less expensive vehicles consume less amount of fuel, they have a high economic value. However, a two wheeler does not ensure safety or security. Although a 2 wheeler is used for covering short distances, it can easily collide with bigger vehicles on the road. Most road traffic injuries are attributed to two wheeler collisions. In India, many automobile owners are aloof about traffic rules. Therefore, two wheeler riders need to be extremely careful when they are on the roads. Lack of traffic negligence not only causes damage to the vehicle but also results in death or disability. Despite taking protective measures, you cannot completely ward off the possibility of a road collision.

Although these minor or major clashes cannot be avoided while plying on the road, you can save yourself from a monetary loss by purchasing two wheeler insurance. Many owners of scooters and motorbikes are not fully aware about this insurance policy. In fact, it is illegal to ride a two wheeler on the road without carrying insurance documents. A standard bike insurance policy covers the cost of damage incurred by the owner. It mainly encompasses personal accidents and catastrophic damages. Auto insurance policy holders enjoy financial benefits as they can get their vehicle repaired without taking out a single penny from the wallet. It is possible to get two wheeler insurance at an affordable premium provided the plan does not cover mild damages like cracks or dents. Since major damages require extensive repair, you have to expend more. However, with two wheeler insurance you get financial security against these unaffordable damages.

Beside traffic mishaps, the insurance policy safeguards your vehicle against natural calamities and theft. You only have to file a claim and submit the application to the insurance company. In a few days, your money gets disbursed to the automobile repair center. This way, insurers cover damages through your monthly payments. Many people are intimidated at the thought of filing an insurance claim for receiving money from the company. As long as your claim is genuine, no insurance company takes time to make the payments. 

More and more private insurance companies are making their policies available on the internet so that you can easily compare insurance companies. This means, you can purchase the plan without standing for long hours in front of an insurance agent’s office. Similarly, you can submit the claim online without meeting your insurer in person. As inspection is an integral part of the policy, the company sends an investigator who thoroughly evaluates the damages mentioned in the application form. Insurance providers stress on scrutiny as many policy holders make false claims. In case, your two-wheeler hits another vehicle on the road then the third party damages are covered by the insurance company. Many people for this reason prefer a scheme which gives liability coverage. 

[Source: https://www.wunderground.com/blog/healthinsurances/instant-two-wheeler-insurance-renewal-at-the-click-of-a-mouse]

Getting an insurance cover for your bike is a must…

Bike, scooters, mopeds have a major share on the busy Indian road. Be it guy riding on motor bike to his office or girl riding her scooty to college, the need of two-wheeler to slide out from the snarling traffic can never be replaced by any other mode of transport. Just like we need two-wheeler for our day-to-day commuting purpose we also need to protect it from any damages as it is bought from our hard earned money. Therefore, it becomes imperative to purchase a bike insurance policy for the longevity and safety of the beloved ride.

Why one should own insurance cover?

Insurance cover is the financial aid provided for any damage or loss to your bike against natural calamities like fire, earthquake, storm, etc. or man-made incidence like riots, pelting stones, theft or accident by external means etc. The third party legal liability provides protection against issues arising out of injury/death or property damage done due to our bike. Most of the time people don’t understand the basic terminology of bike insurance policy and just go for blind purchase. The article discusses few things which have to be understood well before the purchase of bike cover:

Premium:

An insurance cover is retained against the premium paid towards your insurance policy. The premium paid for insurance is dependent on various factors like model, how old vehicle is, registration city, your driving details, registration certificate book etc. It is decided and regulated by IRDAI with not much variance across insurance companies.

Coverage:

It is the financial protection that you will get during accident, third party damage or loss due to natural or man-made calamities. Coverage differs widely from policy to policy. After thorough inspection of the relevant details an “Insured Declared Value” is being decided upon by the team which will be the coverage amount of your insurance policy.

Exclusions:

These are those situations which will not be entitled to file a bike insurance claim. Conditions like damage due to drink and drive, some spare parts of bike like tyre, accident due to person driving without license, damage by war or nuclear explosions etc. will not be covered under insurance policy. Therefore it is important you confirm this before the policy purchase.

Claim Documentation:

While making a claim there is a set of document mandated to produce in the insurance company for approval of claim. These are vehicle registration book, photocopy of insurance, FIR, seismic report in case of earthquake, etc. Depending upon the nature of damage documents have to be submitted.  It is advised to read all the terms and conditions in detail before buying an insurance policy. Choose your policy wisely making sure it suits your needs the best.

No Claim Bonus:

These are those rewards that get accumulated for not claiming your policy for particular year. These bonuses provide a good discount on premium payments of your bike insurance policy and can be transferred from one insurer to the other during policy renewal. It is advisable don’t claim petty things like scratch or small dent and waste your NCB points instead wait for the amount to get accumulated well and use it for better discounts on premiums or larger claims.

How safe is your bike ride without a cover?

On the auspicious occasion of dusshera my cousin bought his first ever bike in life, “Yamaha FZ-16” a jet black machine. As soon as the bike arrived my aunty did a small pooja, broke a coconut to keep the evils away and let his journey be safe forever and distributed sweets amongst friends and family members. The atmosphere was filled with happines and joy. We all had selfie with his dream machine and posted on social media.

It was evening time when Amit took his bike and went for a short ride in the area. As soon as he walked in the house, I saw a slight sadness on his face. So, I asked what happened bro? for which he replied while I was driving my bike on the road enjoying my ride there came a sudden pothole where my bike just bumped in and while managing to control I felt down due to which there was a slight scratch on the fuel tank. I quickly consoled him and said relax Amit. 

I said, “Just look at you, today a slight scratch on your bike has created a dent in your heart, imagine if your bike gets vandalized on streets, or gets damaged due any natural calamity or most  importantly it meets an accident and there is a third party damage including your bike damage as well? You’ll be completely broken and it will also burn a big hole in your pockets for repaying the third party damages and repairing costs for your bike. This will take a toll on you physically, emotionally and financially.”

The answer for  these raising concern of Amit and several other bike lovers in this country is purchasing a suitable bike insurance online which will help you cope up with the the damage and losses incurred in the accident for their vehicle and injury to them if any, including natural calamties, manmade losses, fire theft etc. With bike insurance  you can meet huge medical expenses arising from injury or damage to the vehicle by filing a claim. Today, with the help of internet you can easily buy your bike insurance online by filling an application form in the insurance company's website. This saves time and efforts in going in person to get it.

Bike insurance helps you to cope up with the financial losses arising from such unexpected incidences. It gives you a peace of mind thereby focusing on other need such as fixing the vehicle or recuperating from injury. However, in market not all bike insurance cover your vehicle.

Accordingly to Indian Traffic Law, it is mandatory to buy minimum of third party cover to run your bike on roads. Besides, there are other kinds of insurance covers such as: A cover which pays out in the event of damage to the vehicle due to theft, fire or accident. A coverage for third party liability which arises when your injure a third party while driving or cause damage their vehicle and a cover for personal accident occurring to you or fellow passengers which results in loss of life or permanent disability for either

When your bike is damage due to any accident or incidences as disccused above, bike insurance proves valuable. It eases such problems with its cashless garage network. You can get the vehicle serviced in a garage that falls under the insurer's list of garages and not have to pay any cash for the repair work.

Today, markets are filled with various insurance companies which cater to your needs and requirements and offer customized solutions for your insurance needs. 

At many two-wheeler showrooms you can see insurance company person offering insurance to help buyers get it at the time of purchase. However, it you are worried about the cost, get assured that you can easily find a policy that fits your budget. Getting bike insurance online is one of the simplest ways as it helps you compare the available options very well. Online comparisons offer consumers the ability to get multiple quotes from companies and review policies, coverage options, and deductibles.  So, if you wish to safeguard yourself and your bike from unfortunate incidences book your bike insurance online now else it will give a big dent in your heart forever.

[Source: https://bikeinsuranceblog.wordpress.com/2016/06/20/how-safe-is-your-bike-ride-without-a-cover/]

Bike insurance built for a win-win to consumer & insurer

In India, two-wheelers have become the most preferred mode of transportation especially during congested traffic hours, rising petroleum and diesel rates giving optimum mileage and for many households where more and more people have started adopting the nuclear family options. Mopeds and Bike insurance online are very common across Indian towns and cities, providing mobility to lakhs of people in rural as well urban areas. Indian two wheeler industry is one of the largest in the world as far as the volume of production and sales are concerned. India has registered an overall growth rate of 9.5 percent between 2006 and 2014. The growth in Indian Automobile Industry owed the most to a steep upsurge witnessed in the two wheeler segment in 2014. The volume growth recorded in the 2014-15 fiscal year stood at a commendable 14.8 percent on a year-on-year basis. 'Make in India' is a campaign run by Government of India to attract more foreign investment into Indian two wheeler segment creating further growth opportunities in the coming years.

Keeping in mind the huge growth opportunities and high FDI flow the government has focused on boosting the bike insurance online segment as well. Recently, India’s first three year comprehensive cover for scooters and motorcycles was launched by government. The comprehensive cover is 30 percent cheaper than buying annual policies and comes with lucrative offers for the buyers. In addition, if there is a bonus entitlement due to no claim in the preceding year, the discount can go up to 50%. This new scheme will surely help in tackling the problem of uninsured two wheelers plying on Indian roads.

According to IRDAI sources, the total premium charged for three year third party two wheeler insurance will be three times the annual premium as prescribed by the regulator from time to time. The premium will not be revised during the period of the policy in any circumstances and will have to be paid in one installment, subject to compliance of Section 64 VB of the Insurance Act, 1938. Insurers will be unable to cancel the standalone third party cover in any circumstances, except in case of total loss. IRDAI has also mandated that the premiums for the full unexpired years will have to be refunded to the customer. The insurers cannot change the terms and conditions after the policy is underwritten.

From insurer’s point of view, it is as such that insurers who want to offer the three year cover will have to submit a letter of intent to regulatory body and will be treated as submission under file-and-use guidelines of the regulator. Also, insurers are encouraged to file three-year term comprehensive policy for two-wheelers as per file-and-use guidelines,” says the IRDAI note.

Motor law in India makes third party insurance cover a mandate for the vehicle owners. The reason stands in the benefits of the vehicle owner itself as it covers the liability of a third party in case of an accident. For insurers, the three year tenure will help reduce the cost of issuing policies, administering them and follow ups for renewals. This could also lead to lower premiums as insurers could pass on the savings to customers. Thus, the decision of medium term bike insurance online will actually help to boost the overall business thereby creating a win-win situation for both consumers and insurers.

Source: http://twowheelerinsuranceinindia.blogspot.in/2015/07/bike-insurance-built-for-win-win-to.html

Shield your bike with suitable insurance guard…

Owning a bike is the most amazing moment of life. The first ride in rains, show off in college, swiftly moving in snarling traffic with your loved ones or long drives, picnics you remember every bit of the moment in life. When you purchase a new bike there are lot of factors to be considered such as affordability, design, brand value, mileage and other technicality of bike. But just like you aspire to fulfill your dream you should also learn to protect it.

Today, most people in India feel insuring the bike is either the last thing or rather don’t consider at all. The only time when you feel it’s important is when you meet a sudden accident and the damage is done especially to third party. Imagine you bike is damaged and you have to pay to third party for losses as well. It will be a huge financial loss from your pockets leading your emotionally hurt as well. Therefore, it is important you cover your two-wheeler with suitable bike insurance cover.

The article describes some of the ways that we can save the costs on bike cover. But before that let’s understand how two-wheeler rates are determined. The premium rates on bike cover is typically based on factors like age, gender, marital status, driving record, insurance history, bike make and model, year, registration of certification book. These are few of the points that you can consider while choosing your bike cover premium.

Increase Deductible

One of the easiest ways of cutting down your premiums would be increasing your deductible. It is the amount you have to pay out of your own pocket incase of any loss or damage to your machine. So deducting fair amount of percentage from your bike insurance bill should help you lower down your insurance premiums.

No Claim Bonus

These are like rewards that you would receive if you don’t make claims during the term of the insurance policy. The discount usually vary from insurer-to-insurer but you can accumulate anywhere between 20-75% for five claim-free years. It is advisable don’t claim for petty scratches or dents. Instead wait for the amount to get accumulated and then go for reducing premiums or bigger claims.

Tailor Coverage

Depending on your needs, it may be worthy to consider insurance with a lower coverage level such as third party, fire or theft. Check the parking arena, mechanic facilities, safety measures and you can reduce your cover or tailor it according to your specific needs. But always remember to read the policy carefully before purchasing to know the inclusion & exclusions and then tailor your need as per it.

Shop Around

Most people think bike insurance is just an added financial burden by government. They don’t even bother to look around for policies and go for blind purchase as a mandate by government. However, it is wrong. Bike insurance is the best ever financial protection for your machine against uncertainties. Therefore, you should always look around for benefits & features, discount & deals, compare prices, payment procedure, hassle free claim procedure etc. and then go for policy purchase.

Online Comparison

Insurance Companies want their valued customers to be retained. End of the day it’s all about the business. So, it is advisable don’t hesitate to negotiate with them, compare online and make them aware of the other companies deals and offers. If you’re able to bank one with your existing insurance provider you’ll be the happiest person owning the best bike insurance for your vehicle. Online comparison not only helps your time and energy but provide best deals across market under single umbrella. Also, the best time to compare is within a month before the policy expires. This way either you can incorporate your needs or make a swift exit to another insurer without getting uncovered at any point of time. 

[Source:https://bikeinsuranceblog.wordpress.com/2016/05/31/shield-your-bike-with-suitable-insurance-guard/]

Understanding Two Wheeler Insurance Made Easy

In India, it is mandatory to own insurance cover if you wish to run your dream machine on road. And if the vehicle is used without the cover, then you will have to pay hefty fine for breaking the law. Many Indians own two wheeler like mopeds, bikes etc. to commute daily and move quickly during snarling traffic. Just as you use it for your convenience you should also understand that it is important to protect your bike from any mishap. It is typical mentality of Indians that whatever covers we have for four wheeler the same thing implies to bikes as well. However, two wheeler covers are different from bike cover. 

The article explains on how bike insurance works and what the claim procedure is for it:

Bike cover generally depends on various factors like type of bike you own, CC, the cost of bike, driving skills, place of living and much more. It covers you against any loss or damage done to your vehicle against natural calamities such as Fire, Explosion, Self-ignition, Lightning, Earthquake, Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, Hailstorm, Frost, Landslide, Rock slide. Your policy lasts a year after which you can either choose to continue with the same policy, else change the policy to the company of your choice, if you’re not satisfied with their services. Today, maximum insurance companies provide best and customized policies online via their websites. Customers can simply login to their computer, laptops or tabs, fill in the details and purchase policy instantly while on the go.

Whenever bike insurance is purchased it is surveyor who inspects every aspect of bike such as shape, size, CC, costs, driving license and after this a value is declared for insurance cover known as “Insured Declared Value” that will be offered at the time of claim. For bikes companies cover accidents, break down to rider and pillion injury as well as 3rd party claims.

A bike insurance cover will cover every metal and plastic part inclusive of the wheel rims and engine. Tyres are sometimes not covered as they come with their own individual warranty from manufacturer. If you get an insurance provider covering so well & good it will be for you. Other consumables like nut & bolts and grease is not included.  Also, if your bike has previous scratches and cracks while renewing or buying a new policy, it won’t be covered in the bike insurance policy.

3rd party Coverage is mandatory cover for any bike. It is the insurance cover in case of mishap happens due to the fault of the insurance holder. The damage cause to the other person involved in the accident is referred to as third party. In such cover insurance company is liable to pay for the third party damage pertaining to property, health or life loss (compensation) as well. In simple words, you hit a person on road; insurance company will pay for the injuries caused to the person.

The claim procedure works in simple way as well. Whenever there is an accident or an incident you have to call the claims department of your insurance company and let them know about the incident. Investigators will then inspect the bike and after a thorough assessment gives his or her go ahead. The necessary action is taken such as either the company pays the money or the customer has to pay for the repairs while the bike insurance company later reimburses the customer for the damages. The amount reimbursed is never in whole and it covers about 80-90% of the total cost.

Motorcycle Insurance

Choosing the right insurance policy is much like choosing the right motorcycle. You want it to fit your needs and lifestyle, but at the same time be within your budget. Although most states require you to carry a minimum amount of liability coverage, other types of coverage are usually optional. Always ask your insurance agent or company representative which laws apply in your state.

In order to find out what coverage is best for you, it is important to understand all the options available.

LIABILITY COVERAGE

Liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident. It doesn't cover you or your motorcycle. Find out if your coverage includes Guest Passenger Liability, which provides protection in the event that a passenger is injured on the motorcycle. Whether or not this is included depends on the laws of your state and the company issuing the policy.    

COLLISION COVERAGE

Collision insurance covers damage to your motorcycle if you are involved in an accident. Your insurance company pays for damages, minus your deductible, caused when you collide with another vehicle or object. Collision insurance usually covers the book value of the motorcycle before the loss occurred

COMPREHENSIVE COVERAGE

Comprehensive coverage pays for damages caused by an event other than a collision, such as fire, theft or vandalism. However, just like collision coverage, your insurance company will pay for damages, minus your deductible, and will cover only the book value of the motorcycle.

UNINSURED/UNDERINSURED MOTORIST COVERAGE

Uninsured/underinsured Motorist Coverage covers damages to you and your property caused by another driver who either doesn't have insurance (uninsured) or doesn't have adequate insurance (underinsured) to cover your damages.

This coverage typically pays for medical treatment, lost wages and other damages. If your uninsured/underinsured motorist coverage includes property damage, then your motorcycle would also be covered under the same circumstances. Check with your insurance professional to see if property damage is included or needs to be purchased separately.   

TIPS FOR THE COST-CONSCIOUS RIDER

Many factors can play a role in determining what your bike insurance costs will be such as your age, your driving record, where you live and the type of motorcycle you own, or being a graduate of a rider-training course.

• Many companies offer discounts from 10 to 15 percent on motorcycle insurance for graduates of training courses, such as the Motorcycle Safety Foundation (MSF) rider course. Riders under the age of 25, usually considered a higher risk, may see some savings by taking this course. It’s also a good idea for cyclists who have already had accidents.
• Maintaining a good driving record with no violations will also help reduce your premiums.
• In many northern states, riders may save money by buying a "lay-up" policy. With a lay-up policy, all coverage except comprehensive is suspended during winter months.
• Choose the agent or company that's right for you. If you already have auto insurance, you can contact the same insurer. Otherwise, ask friends, relatives and co-workers where they bought their auto or motorcycle insurance.

[Source:https://bikeinsuranceblog.wordpress.com/2016/04/16/motorcycle-insurance/]

12 Tips to Maintain Bike in Good condition and Good Health

Who doesn’t want to keep their bikes new and healthy? It is a general tendency not to maintain or take care of your bikes after few months/years of purchase. To keep your bike in good condition, there are few simple things which you have to do on regular basis. In this post we are going to share 12 important bike maintenance tips that help you and your bike to smile for long time!

12 Tips to Maintain Bike in Good condition

1. Regularly Check Tyres

It is important to check your bike tyres regularly – A thorough look at the condition of your bike and the air pressure. Make sure that the tyre air pressures are maintained at the levels which are recommended by your bike manufacturer. Do check tyres for possible cuts and scrapes that could cause a undesirable things like tyre blowout. Do not forget to check your tyre treads at least once in a week. Also check for the wheel balance and alignment.

2. Check Engine Oil

Engine oil plays a crucial role in smooth operation and maintenance of your bike. Regularly check the engine oil level and always maintain a correct level. Check for any possible oil leakages. Due to presence of carbon deposits, the oil is going to thicken creating a drag in the movement of engine internals. It is very important to understand that running your bike on dirty oil would just not increase the consumption of fuel but also drastically reduces the engine life.

3. Clean Air filter

The dusty conditions in India could clog up the filter in very less time – make sure to keep the air filter clean. Always change the air filter at recommended intervals; also increase the cleaning frequency in particularly dusty conditions.

4. Clutch Adjustment

Clutch is used to change the gears on regular intervals during the ride and is very often used. The clutch should be adjusted correctly and should have the right amount of free play. Don’t tighten your clutch too much – an over tightened clutch would cause it to slip without your notice and also leads to increase in fuel consumption. So, make sure you have the right clutch adjustments in place.

5. Engine

Engine is the heart of your bike – Servicing your bike regularly and tuning it up would keep the engine running like clockwork, thus reducing your petrol bills. Do pay special attention, while cleaning the carburettor and maintaining valve clearances. Remember to keep carburettor always clean. For every 1500 kilometres which you travel, clean out the carburettor float chamber as well as the other parts. Do not neglect the all-important spark plug. Make sure that your Spark-plug is clean and the gap is set correctly; otherwise replace the Spark-plug as it is the most crucial link in proper engine combustion.

Regularly clean the spark plug, preferably for every 750 kilometres in the case of two-stroke motorbike and for every 1,500 kilometres for four-stroke bike. Most of the modern bikes these days would require the choke to be used, to work on cold starts. Using choke helps in meeting the emission norms and also the fuel efficiency requirements.

6. Transmission System

Your motorcycle’s chain needs a regular lubrication as well as cleaning and adjustment. Use paraffin to wash the chain. Use a piece of cloth and a soft brush in order to remove the dirt which has gotten accumulated in the chain. Never use water for cleaning the chains, as that could rust the chain links. Once the dirt has been cleaned completely, with the help of a brush and paraffin wipe the chain with a clean dry cloth.

You can use the used engine oil to lubricate the chain links and the chain. Also check if your motorcycle’s chain has a free play of around 2 to 4 mm in general by testing it by moving chain up and down in a vertical direction with the help of your fingers. Remember that your bike’s chain should have the proper tension and free play of the rear wheel. Any variation in the tension of chain would not power the rear wheel smoothly when the 2 Wheeler Insurance  is motion. In the case, if your bike’s chain is loose, the power delivery from engine to wheel would not be optimal, thus results in loss of power due to slippage. Getting the bike to mechanic or service centre and getting the chain adjusted to manufacturer’s specifications is the wise thing to do.

Never try to over rev your RPM going at high-speeds continuously, as that could damage bike’s engine. Never attempt to shift your bike from fifth gear to first gear very instantaneously that could potentially damage the piston rings of your bike.

7. Cleaning the surface

The 2 wheeler body surface has to clean regularly in order to maintain the surface finish. Before you start cleaning the motorcycle, make sure that the ignition switch unit, H.T. Coil and silencer are thoroughly covered using plastic sheets. Also, avoid exposing your bike to direct sunlight, try to park your bike near to shade, frequent exposure to sunlight would dull your bike’s appearance.

8. Maintain Battery

Your bike’s battery requires periodical maintenance to ensure a long and trouble free life. If required, top-up the battery with distilled water. Examine for any leakage from the battery. The bike should be clean as well as free from any sort of battery leakages. If the motorcycle is not used for long time, you have to ensure the battery should be kept fully charged.

9. Maintain Brakes

Always keep both the brakes holding the tyre properly spaced. Both in the case of brakes becoming too tight, or too loose is very dangerous. The Brakes are always recommended to be tightened as per the bike rider’s personal style and requirement. Replace the bike’s brake pads in the front if screeching sound persists, this could also be because of lack of oil.

10.Check Fork Oil

Remember to change your bike’s fork oil, for once in every 12000 kilometres.

11.Check Sprockets

Check the Sprockets and replace them when necessary. The usual wear-out limit for sprockets is 40,000 kilometres

12.Riding Speed

Try and maintain a riding speed of 40 to 60 kilometres to reduce the fuel consumption as well as to keep the bike in good health.

[Source: https://bikeinsuranceblog.wordpress.com/2016/03/25/12-tips-to-maintain-bike-in-good-condition-and-good-health/]

Why bike cover is the best way to protect your vehicle?

Two wheelers are worshipped next to god when it comes to riding through the snarling traffic, meeting emergency requirements or cherishing the precious moments of life along with the loved ones. They help us to rescue in every road situation in life. It generally consists of three segments Mopeds, Motorcycles and Scooters. Two wheelers have played a pivotal role in the rising growth of the Indian automobile industry. Over the years the domestic sales of two wheelers have grown by huge margins and there is a remarkable demand for motorcycles which along with serving the purpose of a vehicle has become a style statement for the youth of the country.

With the rising demand comes the growing concern of road mishaps, or burglary or some other form of damages such as third party damages or damage caused to your vehicle. Therefore, Indian traffic law makes it mandatory to purchase a minimum of third party cover if you wish drive your dream machine on road.

There are number of ways to buy two wheeler policies such visiting insurance companies, calling up agents, or buying policy online. However, bike insurance online purchase has allowed all the owners to buy policies with convenience of their time and place. The renewal process is also very smooth. The advantage of buying insurance online is that the quotes that you compare through them are unbiased unlike company agents. It also help you reduce the research time compared to manual process of visiting branches and collecting information leaflet and then sitting down for calculations. In agent based policy purchase there is always commissions associated which ultimately increase the cost of the policy but in online purchase there is no middlemen commission associated.

Two wheeler insurance policies have two choices such as you can either buy third party coverage which is the minimum insurance requirement by the Indian law, or you can get a Comprehensive Policy that will cover all kinds of accidental damages, thefts, burglary, third party liabilities, etc. However, it is advisable if their pillion riders who often use your bikes you can insure them as well by taking an add-on rider along with your comprehensive two-wheeler policy. Personal accident coverage is a default amount included in every comprehensive bike cover and no extra premium is to be paid for it.

ONLINE ADVANTAGE

Today, two-wheeler insurance accounts for just 10-12% of the total motor insurance segment. This throws open a wide opportunity for insurers to boost premium income. Bike insurance online segment helps you to compare two wheeler policies on number of factors like costs, features and benefits, discounts, payment modes, flexible payment options etc. Today, there are many companies who have initiated to waive the pre-inspection in case of online renewal of expired two wheeler policies - a move to increase two-wheeler insurance segment in India. So, there is various ways government and private insurance firms are trying to boost the bike insurance online sales as well as offer customized benefits to the customers.

If you decide to buy your bike insurance online take a close look at the fine print. Read all the rules and regulations minutely and then go for your policy purchase. Your bike is one of the most effective means of daily commute for you or it’s your passion. No matter what the reason is but your bike is surely one of your valuable possessions. A bike insurance gives you a sense of protection against the financial losses occurred due to any form of accident, or third party damages, natural calamity or manmade incidences. It gives a helping hand against the rising burden of financial costs on your shoulder due to such unexpected event. Therefore, always shelter your dreams before they get shattered with any unfortunate incidences in life. 

[Source: https://bikeinsuranceblog.wordpress.com/2016/03/14/why-bike-cover-is-the-best-way-to-protect-your-vehicle/]

Two Wheeler Insurance Policy

Two Wheeler ​Insurance

​In today’s fast-paced life and ever-growing economy, one must do all he can to keep up. And no matter how much times might change, the demand for two-wheelers is always high. Owning a two-wheeler is a sensible and economic decision, and not to mention, it is also a convenient way to beat the heavy and congested city traffic.

It is easier to navigate a two-wheeler as compared to navigating a car, and two wheelers can also be used at anytime of the day without having to think about its size and manoeuvrability in the traffic.

But as these two-wheelers get more technologically advanced, so does the bike insurance cover, which takes care of any unfortunate loss or damage that might happen to the vehicle. Keeping that in mind, having the right motor insurance is a simple way to be prepared for such situations and eventualities.

This is where Liberty Videocon comes in, offering a comprehensive two wheeler insurance cover. This two wheeler insurance not only covers you for liabilities that could arise out of third party issues, it also covers you against other expenses that you might incur as a vehicle owner.

This insurance policy cover includes motor cycles, bikes, scooters, mopeds, auto-cycles and mechanically-assisted pedal cycles. Any individual, corporate owner, as well as the financier of the vehicle in India, can avail this comprehensive two wheeler insurance policy.

Features & Benefits

But why buy two wheeler insurance from Liberty Videocon? Following are some of the key benefits of buying a Liberty Videocon Two Wheeler Package policy:

·         Hassle-free inspection & cashless claim service

·         Covers partial or total loss to your vehicle arising out of accident or theft.

·         Covers third party damage and third party bodily injury.

·         Discount on renewal (NCB) for claim free experience

·         Predefined depreciation for the parts needing replacement on account of accident

·         Swift telephonic service for effective claims support & assistance even on Sundays & holidays all available on a toll free number.

·         Vehicle relocation to the nearest garage in case of major breakdown.

·         Lost key assistance

·         Claim settlement within 7 working days.​

[Source: https://www.libertyvideocon.com/products/two-wheeler-insurance]