Bike Insurance Renewal

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Bike Insurance Renewal
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Introduction

• With a bike insurance policy, you can financially
  safeguard yourself against the repair costs
  occurring due to damages to your bike.
• A bike insurance policy is valid for one year,
  from the date of purchase.
• Policyholders get grace period in-case they could
  not renew their policy on time due to genuine
  reasons.

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What is Bike Insurance?

• A bike insurance policy is a contract between you
  and your chosen insurance company.
• According to this contract, the insurer will
  compensate you in case of damages in exchange of
  premiums.
• In simple terms, look at bike insurance as a
  promise made by your insurer to pay for the
  repair bills of your bike/ third party.
• In turn you promise to pay the premium.

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Benefits of Renewing Bike Insurance Policy

• You are not exposed to expenses incurred due to
  damages to your bike.
• You can continue to avail discounts on the policy
  premium, in case you had not made a claim in the
  past.
• Be legally free of any kind of liabilities
  arising due to the involvement of third party,
  damaged due to your bike.

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Ways to Renew Bike Insurance Policy

• A Bike Insurance Policy can be renewed in three
  ways
• Online
• Through an agent
• By personally visiting the branch

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Renewal Process

• The renewal process is more or less the same in
  all the three ways.
• To renew your bike insurance policy, you need to
  be ready with your personal, old policy and
  payment details.

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Online Renewal

• Visits the insurers website and click on the
  renewal link.
• Now fill-in the required details correctly and
  review the terms conditions and inclusions
  exclusions before making the payment.
• You will receive a soft copy of your renewed
  policy in your inbox, which you need to get
  printed and use as required.

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Through an Agent

• Get in touch with your agent and fill out the
  renewal form correctly.
• Submit the documents to your agent and review the
  terms conditions and inclusions exclusions
  before making the payment through a cheque or
  demand draft.
• You will soon receive the policy documents.

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By Personally Visiting the Branch

• Get the renewal form from the branch office and
  fill it will correct details.
• Submit the form and review the terms conditions
  and inclusions exclusions before making the
  payment through a cheque or demand draft.
• You will soon receive the policy documents.

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