Insurance Types For Bike
All information what you want about ” insurance types for bike ” are described there.
What Is Insurance company?
Insurance company create a new chance for unemployment people by insurance consultant and in return for the payment of premium. There is many Insurance company do work in Pakistan.
What is Bike insurance?
When you ride on bike without license then you face many driving problems. In bike riding you facing yourself and others with certain problems like road accident, physically injuries and may it lead to death. All this problems you face due to inexperienced, without license driving or negligence. In this situation total or partial damages of bike or life can occurred. To solve this problems bike insurance is very compulsory step. In this policy, two parties involved first insurance company employer and second is policyholder. The insurance employee make insure to solve all financially problems that occur in case of unfortunate accident. And also paid it with timely or later. The coverage of insurance money depend upon type of bike insurance policy.
Figure1.1: Bike insurance policy terminology.
What are the types of two-wheeler insurance ?
Basically there is three kinds of insurance in Indian which are given below:
1- Third party liability- only insurance for bike.
2- Standalone own damage (OD) bike insurance.
3.comprehensive bike insurance.
1- Third party liability bike insurance:
In this type, bike should be insured for any case that caused by any damage or loss by third party in an accident of insured bike. This kind of bike insurance are famously called third party bike insurance. In any accident insured bike can suffer to some damage and rider also face some loss or damage. In this case insured bike and order not get expenses caused due to accident of insured bike. In order to get expenses in results of accident of insured bike you should meet up the standalone own damage (OD) bike insurance and comprehensive bike insurance. Mandatory for riding for bike insurance vehicle facility is available here. The premium rates are fixed by IRDAI and rates are standard. Ads-one are not available.
2- Standalone own damage (OD) bike insurance:
Standalone own two- wheeler damage bike insurance policy cover the damage expenses caused by accident of insured bike. It can cover all expenses caused by man made or natural accidental problems, theft of bike or all minor or major damages. This policy does not cover the third party penalty. Due to which this policy is between insurance holder and insurance company employee. Mandatory for riding for bike insurance vehicle facility is optional. The premium rates are fixed by insurer and rates are slightly higher. Ads- one are not available.
3- Comprehensive insurance – Two wheeler:
The name ” comprehensive insurance policy” show this name that total 360 degree cover all doges caused by any situations. Not only bike damage also rider damage can cover this type of insurance policy. It can cover against legal or official third party dues. In this policy you can also meet up the ideal or targeted coverage depend upon the situations and condition of accident. Mandatory for riding for bike insurance vehicle facility is optional. Premium rates are fixed by IRDAI and insurer and premium rates are optimal. Ads- one are not available. There is some examples of two wheeler insurance bike like MAHINDARA DURO BIKE INSURANCE, Tv STAR CITY BIKE INSURANCE, TV XL BIKE INSURANCE, SUZUKI’S STREET LIGHT INSURANCE ETC..
What are the two wheeler insurance Ads-one?
It is the extra security for your two wheeler by paying the extra premium rates. There is some two wheeler insurance Ads-one.
Zero depreciation in two wheeler insurance:
Zero depreciation two wheeler is also called nil depreciation or bumper to bumper depreciation two wheeler bike insurance. Without it you can get only depreciation value in any accidentally case but if you follow the zero depreciation two wheeler insurance then you can get complete coverage irrespective zero depreciation. Most insurance company only provide the zero depreciation two wheeler insurance facility for only starting three years.
What are covers in two wheeler insurance policies?
Following losses you can get easily in two wheeler insurance:
1- Damage of two wheeler caused by accident .
2- cover the loss of two wheeler theft.
3-loses Due to accidental fire.
4-coverage of losses caused by natural accidents like flood or earthquake.
5-coverage of personal damages.
6-coverage of third party liabilities.
What’s are not covered in two wheeler insurance?
1- coverage not possible in condition of war or same like conditions.
2-coverage not possible in case of driving under Alcoholic condition.
3- Damages due to driving without license is not cover.
4- Damages occur when two wheeler insurance is not active.
5- Regular tear and wear.
Bike insurance claim settlement process:
This process can be done by two method which is given below
1- via cashless claim
2- via reimbursement method
Both claim method are different from each other. Let we discuss about both methods one by one.
1- via cashless claim method:
Note your insurance company and save the company number always. NeXT registered your claim application and carefully note the reference number for future use. NeXT insurance company assign you claim inspector that is responsible for the coverage of losses occurs due to accident. Once the insurance approved your claim application then your bike will be repaired in near garage. After the settlement of your claim application the insurance company directly pay the bills of your vehicle.
2- Via reimbursement claim method:
Note your company number and registered your claim application and then go to your nearby garage for bike repairmen and after bike repairing pay your bills and save the bill receives .all documents and bills are registered on the troll number of insurance company .once the claim application approved tge insurance company will compensate your bills and damages.
What are the benefits of buying two wheeler insurance with quick insure?
When you active two wheeler insurance with quick insure then you have a wide range of opportunities. You have a lot of opportunities to select besets two wheeler insurance policy. In addition within few minutes you can get two wheeler instant Policy in your mailbox. There is an additional option of claim and it’s also easy and quick method of insurance policy.
How can i purchase a bike insurance?
The ideal method to purchase insurance bike is two- wheeler. It cover easily all delay and completes the process in a safe manner from insurance company websites. You can pick the opportunity of TATA BIKE company for renew insurance and to get insured bike in transparent manners by following some easy steps:
Firstly open the bike insurance website.
Secondly put the registration number and open the “get price”.
Third most important step is to verification of information like IDV choice, claim details, NCB details and Ad-one.
Fourth step is paying premium rates and show on the screen.
How do I know what type of my bike insurance policy?
You can easily follow and check your bike type insurance and status by following some website steps:
Click on our “self service section” and “view policy”
Enter your registered phone number and verify.
Now you can easily check your policy type of your bike.
How to buy Two-Wheeler insurance online with quick insure?
Buying a two wheeler insurance online is very easy by following some steps:
1-Fill your bike information and get the two wheeler number.
2- compare the best two wheeler bikes and companies. Its completely depend upon your information that you put on quick insure website.
3- sure your online payment. Pay your bills and get best two wheeler from insurance company after paying bills and get confirmation message on your inbox or mailbox.
Summary :
Its very important to insured your vehicles because any accidental damages caused by any crises situations you can easily and transparently solve your unfortunately problems. Company will help you if you help yourself by insured your bike .so keep in mind it’s very necessary steps for those who have ride and daily ride. Insurance company insured you by paying bills and damage coverages.
