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Yes, Bike insurance is one of the most important financial planning tools available in the market. Having bike insurance is made mandatory by law. If you are at fault in a bike accident, the motor liability coverage required on your bike insurance policy helps pay for covered losses, such as the other party’s medical bills and damage to their vehicle or property that results from the accident.
Bike insurance has two sections and the coverage under each section is mentioned below:-
Bike insurance renewal has never been easy with the introduction of online insurance portals. PolicyBachat helps to renew your bike insurance policy as you can have many options from different insurance companies. The process of renewing bike insurance is simple, you can renew your bike insurance by following the below steps:
Step 1: Visit our online portal online portal and proceed to the data entry section or call our toll free number for assistance.
Step 2: The next step in using the bike/two wheeler insurance premium calculator is to enter the below details clearly and correctly.
Step 3: The premium from different insurance companies is displayed in this step. Select the best insurance company as per your requirements and proceed to the payment page. Instant policy would be available after the payment is completed.
This is one of the most important things to know before taking an insurance policy and driving the bike. If you have met with an accident while driving the bike it is important to understand how to proceed further. Here is the process to be followed if you are met with an accident:
There are few situations in which you can cancel your bike insurance policy:
The bike insurance premium is calculated on the basis of the below factors:-
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