6 Things to Check When Buying Bike Insurance

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6 Things to Check When Buying Bike Insurance

• Liberty General Insurance

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Introduction

• The modern age of technology allows us to buy the
  insurance of bike online, and without any hassle.
  You no longer need to step out and visit various
  insurance companies to know what insurance you
  want to buy. Therefore, if you are buying a bike
  insurance online, check out the following things

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Claim Settlement Ratio

• Ensure that the insurance company has high claim
  settlement ratio.
• Good claim settlement ratio increases the
  probability that your claim will be settled, and
  on time.

4
Wide Network of Garages

• The insurance company should have a wide network
  of garages.
• Wide network of garages also ensure quick claim
  settlement.

5
Good Customer Service and Support

• The role of an insurance company is to provide
  you the coverage in case of any unforeseen
  incidents like accident or theft.
• An insurance company with good customer service
  and support will answer to your request for claim
  quickly, and it will be settled early as well.

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Add-Ons Needed

• Insurance companies offer several add-ons.
  Personal accident cover is one of them.
• It is beneficial for you to get it/them. However,
  you should only buy if you are okay with extra
  premium.

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Coverage

• It is mandatory by the law to have third party
  liability insurance.
• A standard bike insurance includes third party
  liability and an own damage cover.
• It is advisable to get a comprehensive cover
  which is an all-inclusive insurance policy, and
  offers a more extensive coverage.

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Exclusions

• Although it is imperative to know everything that
  is included in the policy, it is equally
  imperative to know everything that isnt.
• Your claim may get rejected if one of the reasons
  of your claim falls under the exclusion list.

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