Third-party policy or liability is mandatory under the Self-Driving Vehicle Act 1988. However, there are many bike owners who buy the policy but do not renew it. One of the main reasons that can be cited are the myths that people believe about bike insurance. However, IRDAI and insurance companies have made things easier and have taken into account the interests of policyholders to make the process simple. Let us talk about some of the common myths and know what the facts are: the depreciation rate depends on the nature of the parts. Here are the prices for different parts of the bike – A two-wheeler is a popular means of transport for a large part of the country`s population. While the bike is fun and liberated, it can also be dangerous. You may lose your balance on busy or slippery roads and experience an accident. Therefore, in addition to wearing a helmet and complying with traffic rules, you should also take out two-wheeled insurance with the correct insurance value of your bike. If you`re looking for full coverage, full two-wheeled insurance is perfect. In this article, we talk about the factors to be taken into account in bike insurance. If, as a bicycle policyholder, you have not even claimed compensation throughout the insurance period, you are entitled to the NCB at the time of the life of the policy, with the BCN being between 20% and 50% maximum, for each consecutive year without claiming, which is confused between full two-wheeled insurance and zero depreciation protection? Read this article to understand the difference. So you have a fashionable and powerful bike that you are proud of! You also know that it is important to protect yourself and your bike from financial losses in the event of an accident, theft, vandalism, etc., but at the same time, we must distinguish truths from myths.
Lack of understanding of bike insurance can influence your decision-making and hinder financial interests. In this article, we`ve tried to unmask myths about bike insurance that could help you make a logical decision. If you purchased your bike insurance from Turtlemint, you can simply inform Turtlemint of your claim. Turtlemint would take the above steps to ensure that your bike insurance rights are paid as soon as possible. You can notify Turtlemint on 1800 266 0101 or by email at firstname.lastname@example.org. Bike insurance requires personal accident insurance only for the driver of the bike. Coverage is not available for Rider pillion. However, this add-on also allows you to take personal accident coverage for the Pillion driver. The purchase of car insurance is required by law. It can offer coverage for your motorcycle, as included in your insurance after your insurance.
Bike insurance is cheap to buy. If you spend just a little for the bonus, you can get protection for your precious vehicle. However, you need to make sure your bike insurance is sufficiently insured to fully protect your vehicle. In addition to the fact that two-wheel insurance is mandatory in India, it is also very important to ensure the continued protection of your vehicle against accidents and other risks. It is a well-known fact that driving a two-wheeler is much more risky than driving a car, because in the latter case, you are more susceptible to road accidents. You can also buy Turtlemint`s best bike insurance plan. Turtlemint is an online platform that is linked to some of the leading bike insurers in India. If you opt for Turtlemint, you can compare the different bike insurance on the market in terms of coverage and premiums.