Bike Insurance Background Checks
You must be aware that a bike insurance policy is mandatory to ride a two-wheeler in India. However, with an increasing number of motorcycles on the road and the establishment of various insurance companies, the number of insurance-related fraud cases is on the rise. Fake claims, money laundering, and other issues have prompted bike insurance providers to conduct background checks.
Bike Inspection for Insurance Claims
When you buy a comprehensive two-wheeler insurance policy, you expect the insurer to process your claim if it meets with an accident. However, how will the insurer know the extent of the damage and how much amount to process? This is where bike inspection is important. But is it compulsory to have a bike inspection for claims? Insurers insist on bike inspection to gauge the damage on the bike after the accident. In this article, we will share everything that you need to know about the inspection in a bike insurance claim
Third Party to Comprehensive Bike Insurance
In India, the Motor Vehicles Act, 1988, has made it compulsory for all bikes to have a Third-Party Two Wheeler Insurance policy. This is a basic policy requirement that ensures that if any third-party person or property gets damaged in an accident involving a bike, the affected party is fairly compensated by the insurance company.
Best Time to Renew Bike Insurance
Purchasing a bike insurance policy is essential to ensure financial protection during an accident, mishap, disaster, or theft. There are different types of bike insurance policies like the Third Party Liability policy, Standalone Own-Damage policy, and Comprehensive Bike Insurance policy. It is important to remember that all two-wheeler insurance policies have an expiry date and need to be renewed to ensure that you receive continued coverage. Failure to do so can result in the lapse of the policy.
Ins and Outs of Financially Protecting Your Bike
While riding a bike is a passion for many bike owners, maintaining it and managing repair costs requires more than passion – it needs financial preparedness. The first thing you need to remember is that a bike is a depreciating asset and loses value with time due to wear and tear. Also, it requires regular maintenance to perform optimally. Further, it is susceptible to damages due to accidents, collisions, natural calamities, man-made disasters, and theft. While buying a bike is a one-time cost, maintaining and managing accidents and mishaps require financial preparation. In this article, we will talk about the ins and outs of financially protecting your bike.
Best Bikes Under 8 Lakh
The bike is one of the most loved modes of transport in India. Used for daily commuting as well as for long trips, a bike can drive through the narrow streets and rugged topography of the country. But with so many options available in the market, it becomes difficult to choose the best bike within a specific budget. Before buying a bike, you need to consider several features including mileage, design, engine capacity, etc to make the best decision. So, if you are planning to buy one of the best bike under 8 lakhs in India, here is a list of some of the best motorcycles available.
Bike Insurance Background Checks
You must be aware that a bike insurance policy is mandatory to ride a two-wheeler in India. However, with an increasing number of motorcycles on the road and the establishment of various insurance companies, the number of insurance-related fraud cases is on the rise. Fake claims, money laundering, and other issues have prompted bike insurance providers to conduct background checks.
Bike Inspection for Insurance Claims
When you buy a comprehensive two-wheeler insurance policy, you expect the insurer to process your claim if it meets with an accident. However, how will the insurer know the extent of the damage and how much amount to process? This is where bike inspection is important. But is it compulsory to have a bike inspection for claims? Insurers insist on bike inspection to gauge the damage on the bike after the accident. In this article, we will share everything that you need to know about the inspection in a bike insurance claim
Third Party to Comprehensive Bike Insurance
In India, the Motor Vehicles Act, 1988, has made it compulsory for all bikes to have a Third-Party Two Wheeler Insurance policy. This is a basic policy requirement that ensures that if any third-party person or property gets damaged in an accident involving a bike, the affected party is fairly compensated by the insurance company.
Best Time to Renew Bike Insurance
Purchasing a bike insurance policy is essential to ensure financial protection during an accident, mishap, disaster, or theft. There are different types of bike insurance policies like the Third Party Liability policy, Standalone Own-Damage policy, and Comprehensive Bike Insurance policy. It is important to remember that all two-wheeler insurance policies have an expiry date and need to be renewed to ensure that you receive continued coverage. Failure to do so can result in the lapse of the policy.
Ins and Outs of Financially Protecting Your Bike
While riding a bike is a passion for many bike owners, maintaining it and managing repair costs requires more than passion – it needs financial preparedness. The first thing you need to remember is that a bike is a depreciating asset and loses value with time due to wear and tear. Also, it requires regular maintenance to perform optimally. Further, it is susceptible to damages due to accidents, collisions, natural calamities, man-made disasters, and theft. While buying a bike is a one-time cost, maintaining and managing accidents and mishaps require financial preparation. In this article, we will talk about the ins and outs of financially protecting your bike.
Best Bikes Under 8 Lakh
The bike is one of the most loved modes of transport in India. Used for daily commuting as well as for long trips, a bike can drive through the narrow streets and rugged topography of the country. But with so many options available in the market, it becomes difficult to choose the best bike within a specific budget. Before buying a bike, you need to consider several features including mileage, design, engine capacity, etc to make the best decision. So, if you are planning to buy one of the best bike under 8 lakhs in India, here is a list of some of the best motorcycles available.
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