Two wheeler insurance policies are mandatory by law in India and for really valid reasons. Increasing traffic, lack of regulation and quality roads, the probability of meeting with road accidents is higher in India. While you can recover from physical damage and medical expenses with help of a life plans, your auto coverage policy covers the damages. It is a contract between you and the company, wherein the insurer protects and pays for the financial losses and vehicle damage in exchange of regular premiums. You can choose the suitable riders and customize the policies as per your specific requirements. Keep in mind that most vehicle insurance plans need to be renewed once in 6 or 12 months to continue with the policy.
How to renew two wheeler insurance in India
There are two ways to renew the motorcycle coverage policies in India. You can contact the insurer and ask for their particular procedure for renewal. The easiest way to renew the policy is by the means of the internet. Online renewal of auto coverage plans makes perfect sense. Along with getting online reminders for renewal due premiums, you save a lot of time, energy and money otherwise needed for offline renewal. The process for online renewal depends on the company and their individual terms and conditions.
Generally, two wheeler coverage policies expire within 6 months to 1 year of the starting date. You need to renew your vehicle insurance within 2 months before and a week after expiry. In other words, you can start the renewal proceedings for your bike coverage policy when you have good two months remaining for expiration. If you have crossed the expiry date, you can still renew it after a few days. However, check with the respective company for the renewal period as it varies from one company to the other.
Benefits of online two wheeler insurance renewal
Online coverage plans for vehicles have numerous benefits as far as personal and commercial vehicles are concerned. Many auto coverage providers now provide these policies online. Customers need to login to the official website of various companies and browse through various available plans. You can customize the plan according to your preferences and buy it online. It enables online payment of the policy premiums and the firm also sends you reminders for due dates for premiums and renewals.
Here are the benefits of having an online 2 wheeler insurance in India:
• Online policies are issued quickly and are easily renewable.
• You can avail cashless claims and no cash bonus upon renewal of the policy.
• Many companies offer easy transfer of the benefits including no cash bonus when you switch to their associate companies.
• Your motorcycle insurance offers several coverage benefits including bodily injury liability, personal injury protection, collision, property damage liability, liability for third party and co-passenger injury and comprehensive coverage against natural calamities and terrorist attacks.
About the Author
Berkshire Insurance is a leading online car insurance company in India. Browse through exclusive vehicle insurance policy cover for two wheeler insurance, car insurance and health insurance plans at very affordable rates to choose the suitable one. You can save up to 17.5% on new car insurance with us.
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