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]

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