bike Insurance terms

1
HOW CAN I REDUCE MY BIKE INSURANCE PREMIUM?

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2

• Buying a bike or any two wheelers, however, also
  involves buying two wheeler insurance. In most
  cases, individuals try and find the cheapest two
  wheeler insurance premium available in the
  market. We at Policies365 will give you some
  important tips that will help you figure out the
  best two wheeler Insurance Policy in the market
  that is also the most reasonable. Here are the
  main things to keep in mind

3
TYPE OF MOTORCYCLE
Look, you cant have the best of both worlds, can
you? Sure, we all want hot super bikes with huge
engines, amazing sounding exhausts, bright colors
that are basically show stoppers, but this comes
at a price and a larger insurance premium.
Ideally, go for a two wheeler which the pocket
allows as the insurance premium will also be in
the affordable limits. Also, avoid unusual or
modified two wheelers as they may be more
expensive to repair.
4
MILEAGE
Its true a lower mileage/miles traveled will
result in a lower premium, as for an insurance
companies lower mileage means that you arent out
on the road as much, thus reducing the risk.
5
PAYMENT TERMS

• As is the case with most lump-sum payments,
  paying your two wheeler insurance premium in one
  go (annually) usually results in discounts, as
  opposed to paying it via monthly premiums. You
  can also get a discount on the lump-sum by paying
  via credit card and paying back EMIs on the same
  over the course of the year.

6
ONLY COVERWHAT YOU NEED
India has a mandatory minimum amount of liability
coverage. However, adjust the type of insurance
and the amount of coverage that you need
depending upon your personal choice. To save
more money, you can exclude things like trip
interruption insurance, total loss insurance,
accessory insurance or collision insurance.
Additionally, if you already have a good health
insurance cover, you can opt out of the medical
coverage as well.
7
INSURANCE DEDUCTIBLE

• While this is not highly recommended, you can
  reduce the total premium amount drastically by
  opting for a higher deductible, which basically
  makes you more responsible for the policys risk.
• In other words, if youre willing to pay more of
  the initial bill amount in the event of a loss,
  the insurance premium on your bike or two wheeler
  insurance will come down by a significant amount.

8
Navnit Insurance Broking Private Limited 172,
Solitaire Corporate Park, Building No. 1, 7th
Floor, Andheri-GhatkoparLink Road, Andheri
(East), Mumbai, 400093, Maharashtra, India IRDAI
Broker License No. CB/446/09 Product information
is authentic and solely based on the information
received from the insurer. Sales Assistant
[phone] Claims/Service [phone]
info_at_policies365.com Toll free number
18001026234

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