Bike insurance or two-wheeler insurance is a type of insurance that protects you from any damage happening to your bike due to accidents, natural calamities, and other unfortunate events. Thus, many insurance companies provide insurance policies to clients with different coverage facilities. The bike insurance IFFCO Tokio covers various damages, including the treatment of the person who gets in an accident and other third-party liabilities.
Why Do You Need To Buy Bike Insurance?
- 1 Why Do You Need To Buy Bike Insurance?
- 2 Types Of bike insurance IFFCO Tokio
- 3 What Are The Parameters Of Choose A Good Insurance Company?
- 4 Mode Of Buying And Renewing The Bike Insurance
- 5 The End Note
It is compulsory to have bike insurance if you have a bike because it is mandatory by law to have a bike insured. It is also important because it provides safety against any thievery, accidental damage, and other physical injury caused due to bike accidents. The IFFCO Tokio two wheeler insurance provides all these facilities along with the coverage of third-party liabilities.
Types Of bike insurance IFFCO Tokio
There are two types of bike insurance policies: one is third-party, and the other is comprehensive bike insurance. Both of these insurance policies provide different facilities and protection.
1] Comprehensive Bike Insurance
This bike insurance covers your damage as well as third-party damage. It provides coverage from both natural calamities and man-made damage. You can also add on a few more services in this insurance with the IFFCO Tokio 2 wheeler insurance to avail more benefits.
2] Third-Party Bike Insurance
The third-party two-wheeler insurance covers only the damage to the third party, which means that it will cover the damage to the person caused by your bike. This insurance policy is mandatory by the government and does not cover the damage to the insured vehicle.
What Are The Parameters Of Choose A Good Insurance Company?
There are many service providers in the market, but you have to precisely choose the best one according to your needs and requirements. First, you must choose which type of bike insurance you want, as mentioned above. Then after that, explore the quality services of different companies and choose the right one; below are a few services:
1] Cashless Payment
It is always convenient to have cashless payments. The company which provides this service should be kept as a top priority.
2] Online Insurance
Online Insurance facilitates the online service without any need to come for the inspection. You can also do the bike insurance renewal through your phone with the IFFCO Tokio bike insurance renewal while sitting at home.
3] High Claim Settlement
It is common these days that the insurance company doesn’t process the claim fast or denies the claim by giving excuses. So try to get a good firm such as IFFCO Tokio 2 wheeler insurance which has high claim settlement and better response.
4] Quick Claim Settlement
When our claim is approved, then the insurance company takes too much time to process. On average, insurance firms take one month to settle the claim. In this case, you must approach the company that provides the quick claim settlement.
5] Trusted Brand
Always try to choose a brand that is reputed and has an image of providing good service. If they frequently respond to your question and act spontaneously for your service, then it is a trusted brand.
Mode Of Buying And Renewing The Bike Insurance
You can go for two ways to buy or renew the bike insurance:
First, you have to hire an agent for your two-wheeler insurance. Then the agent will call you to the office, and he/she will check the bike and ensure the bike after the hours of paperwork.
Online mode is easy to execute as you can do it while sitting at home with your mobile phone. You just need to check the online insurance provider, or you can avail of online insurance from IFFCO Tokio two wheeler insurance. Apply for the insurance by putting pictures and information about your bike, and the insurance is done within minutes. The process of renewal is the same as buying insurance.
The End Note
Buying bike insurance is not easy especially when you have to know so many technicalities regarding insurance policies. Hence always try to approach the trusted brand that will take all the trouble for you regarding insurance and the claim. You can search for the best insurance company online, near you, or you can approach the bike insurance IFFCO Tokio for better service and policy.
Disclaimer: This is just the personal opinion of the author. So, you must choose the bike insurance followed by the right coverage, premium, and well-research.