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Showing posts with the label Bike Insurance

How Well do You Know These Motor Insurance Terms?

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Before you buy a motor insurance you should be well aware of the technical terms that are involved in the whole process. There are basic few things that you should remember before buying motor insurance. It includes the details of the plan, the tenure of it, the returns and the type and amount of quote involved. Certain terms to remember before you buy motor insurance: Type of the plan: It is always advisable to buy motor insurance that is a comprehensive motor insurance. Even though third party liabilities cover accidents but it is rather advisable that you buy a comprehensive motor insurance to ensure that the damage caused to your vehicle is covered as well in case of an accident. Add on features: In case of motor insurance go for policies like zero depreciation cover and the hydrostatic cover. Insured declared Value: It is the value of your insurance money and is the amount that is fixed by your motor insurance company according to the current market price. It comes to the rescue...

Long-Term Two Wheeler Insurance Plan: Why is it Much Better?

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"I love bikes and I want to make sure I am capable of driving one for a long time and thus, I took a long-term motorbike insurance plan instead of a short-term one." This is something one of my friends told me while I was stuck with the dilemma of whether to go for a short-term or a long-term two wheeler insurance. Since having a third-party and a comprehensive two-wheeler insurance in India is mandatory, not buying an insurance wasn’t really an option. Therefore, after a lot of contemplation and through research about the pros and cons, I decided to take a long term two wheeler insurance plan .   Accordingly, if you are planning to buy a bike or are in pursuit of buying a two wheeler insurance for your bike, here are a few advantages of going with a long-term insurance option. Renewal won’t be an issue:  Let’s accept the fact that renewing your insurance policy after every year is quite a conundrum. You not only have to find a good insurance policy , you might have to de...