What to look for in a Bike insurance?
Now that you have finally purchased your desired bike, it is the appropriate time to hunt for Motorcycle insurance, right? But, hold on; are you familiar with the factors you should look for in insurance? If not, do not worry! This guide will help you pick up the best insurance plan.
As much as riding a motorcycle on the streets seems enticing, you should also keep the fact in mind that it is essential to carry insurance for the same. That is how the law works. Upon ignoring it, you may land yourself in some serious legal troubles.
So, to avoid all the unnecessary hassles, it is recommended to purchase insurance the moment you grab the keys to your first bike. These below-mentioned important factors will help you pick up the best policy like a pro.
Ensure Enough Coverage:
The first thing you must ensure while choosing Bike insurance is that it provides adequate coverage in case you meet with an accident. Since the risk of bodily injury increases, while you ride a motorcycle on the road, you would need a substantial amount in the time of an emergency. Also, the coverage should be sufficient enough to take care of damages done to the bike. Furthermore, if you are a rider who loves accessorising the bike, you can look out for coverage for accessories as well.
Features it Carries:
Needless to say, you cannot overlook the features that your insurance policy will cover. Make sure you pay heed to coverage, amount, premiums, benefits, add-ons, tenure, and other such factors before deciding on any policy. Add-on covers like pillion rider cover, return to invoice cover, can come in handy if something bad happens.
Type of Liability Insurance:
Usually, liability insurance covers bodily injury or damage to property. This type of insurance is used to cover the damages done to somebody else by you. Hence, this type of insurance can prove out to be beneficial for you so that you would not have to pay from your own pocket. Do not forget to assess this cover thoroughly.
Uninsured & Underinsured Coverage:
Over the past few years, there have been several such cases of accidents where the hitting person either did not have any insurance or did not carry coverage with an adequate amount of money. In such a scenario, uninsured or underinsured coverage comes into the limelight. So, make sure your policy encompasses this coverage.
Coverage for Collision:
It is not necessary that your bike will only bump into another vehicle. What if the collision happens with something else such as a building or a tree in a surrounding? In such a case, this collision coverage pays for the damages done to your bike and the surrounding. This makes it a must-have coverage plan, right?
Since having two wheeler insurance has been made mandatory by the government, you cannot overlook picking it up for a longer time. Once the need arises, keep these factors mentioned above in mind and get the best available policy.