How To Port Your Existing Bike Insurance Online

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BIKE INSURANCE
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How To Port Your Existing Bike Insurance Online
It is true that two-wheelers are the fastest mode
of transportation when you need to drive through
dense traffic on Indian roads. You cannot ignore
the fact that two-wheelers are more vulnerable to
road accidents compared to any other vehicles on
roads. To avoid such accident and to ensure
protection of your bike from accidents and other
related damages and losses, it is very essential
to not only buy a comprehensive two-wheeler
insurance cover, and also renew it timely. A
regular two-wheeler insurance policy provides
coverage to your two-wheeler from a various
unforeseen events, which can incur extra expenses.
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Owning a two-wheeler and knowing the basic terms
of your two-wheeler insurance policy is very
important. For example how to claim for your
policy, its renewal procedure, benefits and
coverage offered under a plan and your due
date. You can easily avail information online or
via contacting the customer care of your
insurance provider. Renewal of the policy is
also one of the basic things you should know
while buying it. Lets discuss it in detail
below Process to transfer bike insurance
online When Transferring From One Insurer to
another If you wish to port your existing bike
insurance plan from one insurance provider to
another, the insurance policy should be ported in
the name of the transferee. The transferee should
submit an application form to the insurer, within
a specific time period.
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There are some important details required to
complete this procedure like details of the
registration of your two-wheeler, the date of
two-wheeler insurance transfer, the details of
the previous insurance plan, for example, policy
number and premium receipt. When Transferring It
to another Person In case the bike insurance
plan is being transferred from one insured to
another, then there are certain details which are
mandatory for porting the policy, for example,
the name of the previous owner of the
two-wheeler, the policy number and date of
issuance of the policy. This aforementioned
information is required for the insurer to make
the important changes in the record. After
submitting all the above details you will be able
to get a fresh Certificate of Insurance policy.
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For the premium calculation third party premium
is one of the most important things to consider.
The premium is evaluated in the own damage and
Third Party Premium part. Own damage section is
for the two-wheeler, which is insured and its
accessories. It will also provide and show the
discounts, if applicable, for example, No Claim
Bonus. Hence, third party section shows the
premium amount for third-party insurance
coverage. Hope this write-up has shared relevant
information related to transferring online bike
insurance plan. For further information you can
contact the customer care of your insurance
provider or take help from your insurance agent
or broker. Source http//articles.abilogic.com/
206378/how-port-your-existing-bike.html
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wo-wheeler-insurance.jsp
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