How To Renew Bike Insurance Policy
- Author :
- TATA AIG Team
- Published on :
Don't we just love our bikes? It takes us on amazing trips and helps create wonderful memories. We love it and want to care for its maintenance. So insurance is something you shouldn't forget. Here are few steps to renew two wheeler insurance in case you have forgotten about it.
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How To Renew Two Wheeler Insurance Policy?
If you ride a bike, then you know how easy it makes your life. It gives you the freedom to navigate through city streets and traffic without a problem. It can also make the best companion on weekends, to do a little exploring. Despite all the love and care you shower on your bike, you forget the most important thing – it’s insurance.
Don’t worry. It’s more common than you think
It can be a hassle to renew your insurance year after year. You might forget the date; you might be travelling when the renewal is due, or you might keep procrastinating. While it is mandatory to ride with a valid insurance, many of us tend to take our bike insurance lightly, especially as it gets older. No matter what the excuse is, riding without a valid insurance can be extremely dangerous. Even if it is for just one day, it’s not a risk worth taking.
What’s going to happen?
If your two wheeler insurance policy has lapsed for more than 90 days, you will lose out on your no-claim bonus. It may also result in higher premiums when you purchase insurance again. You can also be penalized for riding without a Third-party bike insurance. But more than anything, you won’t have the financial support that insurance provides in case of an accident.
What can you do?
If you’re like most millennials who find it difficult to keep track of so many important dates, your best bet is to opt for long-term two-wheeler insurance. We understand you and thus, with Tata AIG, you can insure your two-wheeler for up to 5 years in one go. With 5 Years Long Term Two Wheeler Package Policy (UIN: IRDAN108RP0005V01201819), you are free from documentation, date mix-ups and renewal hassles for a long time!
Why choose a long-term two wheeler policy?
Along with peace of mind, long-term two wheeler insurance offers monetary gains too.
Your premium rates are fixed for the whole duration, so you don’t have to worry about the annual premium hikes. You also save on administrative costs as you buy insurance only once in five years. As most vehicle owners keep their bikes for at least that long, this is a great option.
If you ask us, the benefits speak for themselves. With so much to gain from one policy, your bike would love the long-term two-wheeler policy. And when you need us, we’ll be by your side, always.