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How to Buy Scooter Insurance Online

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Scooter insurance can be availed through online procedure and it is not a very tedious task to complete the process of purchasing scooter insurance online.

Getting scooter insurance, which is also referred to as bike insurance, is not a complicated process at all, especially when there are online facilities available. Today you can acquire comprehensive bike insurance or third party bike insurance sitting in your armchair or wherever from your smartphone. This guide will also explain the basics that one needs to understand and the process to follow when getting scooter insurance online.

What is scooter insurance?

Scooter insurance, or bike insurance as it is popularly known, is a safety net that will cover losses or damages on the scooter. Before diving into the online process, let's clarify the scooter insurance available.

Comprehensive bike insurance

As a two wheeler owner you will need to ensure your two wheeler is secure from theft, fire, acts of God and other emergencies or calamities through a comprehensive bike insurance policy. Also, cashless repair can be opted at network garages in India.

As per the Law in India (Indian Motor Vehicles Act, 1988), it is mandatory to have at the bare minimum a third party- two wheeler insurance policy. However, it is suggested to get a comprehensive bike insurance policy.

Third party bike insurance

Third party bike insurance will pay for all damages that you cause to the third party, their property, or their person or their death in the event of an accident in relation to the insured two wheeler.

The maximum claim limit for third-party property damage is ₹1 lakh. However, compensation for third-party bodily injury or death must be determined by a court of law.

Stand alone own damage cover

Two wheeler own damage cover, when restricted to being a single policy, brings insurance indemnity for any accidental damage to the two wheeler. It offers you monetary protection for your bike’s damage and not the third party that caused it. Besides, the own damage bike insurance policy compensates you for the expenses incurred in the replacement or repair of any parts of the two wheeler that has been involved in an accident.

Cover for brand new bikes

A two wheeler insurance policy provides one-time coverage for one's own bike’s damage and five years of coverage against damages to third party person/property when availed for a new bike cover.

Here are a few tips to help you choose the right scooter insurance online

1. Understand the coverage

Before going for an insurance policy for the scooter, one must analyze his or her requirements and the budget which is needed to pay for it. While purchasing a bike insurance policy one can avail of two kinds of policies such as the third party policy and the comprehensive policy. Based on the use of the two wheeler, it is better to choose a bike insurance plan that will meet your needs.

2. Understand Insurance Declared Value (IDV

IDV or the insured declared value is the market value of the bike as per today’s market price. The Insured declared value is the maximum amount that the insurer will provide in case of theft or total loss of the two wheeler. Hence, IDV emerges as one of the essential variables influencing the two wheeler insurance premium.

3. Choose the right add-on covers

You should find riders that may be insurable in the insurance policy for your scooter. This increases the coverage and makes it more comprehensive. Expenditure that would be incurred would include an extra premium but some of them are worth the extra amount you pay.

4. Compare bike insurance onlin

One should always make the effort to compare bike insurance online and then the different plans on offer so that the best can be taken. Comparing the plans gives a better understanding of the coverage and the options and take an informed decision of the best policy suiting your needs.

Here is how you can buy scooter insurance online

If your two-wheeler runs smoothly and is regularly used on the roads it is always wise to purchase a comprehensive bike insurance policy or renew your existing one. If you wish, you can also switch your bike insurance company at the time of policy renewal. As mentioned earlier, there are two ways through which one can purchase or renew bike insurance.

To purchase two wheeler insurance online

• Step 1: Go to the website choose the bike insurance product option and then fill in the details of your registration number after that follow the process to get a quote.

• Step 2: Select between fully comprehensive cover or third party only. If you prefer to get the comprehensive plan, then you can change your IDV yourself. You can choose the plan for a time of 1 to 3 years.

• Step 3: It is also possible to extend the coverage to passengers and paid drivers in the case of personal accident. Also, you can fill in the optional items according to your preferences such as Zero Depreciation, return to invoice etc.

• Step 4: Give complete information about the existing or previous insurance policy. For instance, the details of the previous policy type, the date on which the policy expired, other details of any claims that you made (if any) etc.

• Step 5: Now, the details of your bike insurance premium are available for you to see.

Proceed to pay the premium using any of the secure payment methods offered online.

The two wheeler insurance policy will be shared with the email ID provided at the time of registration or through the WhatsApp number shared by the client.

Tips for buying scooter insurance online

1. Compare different plans

Do not stick to one plan as there are many plans and riders and they offer different benefits.

2. Check reviews

Check online what other customers have to say about the plans and determine the same.

3. Understand the terms and conditions

For the best results, read the policy’s details thoroughly before buying a policy.

4. Declare accurate information

Do not give false and inaccurate information as it will lead to rejection of your claims.

5. Consider your riding history

Driving records and past claims history affect the premium paid for Omnicom’s vehicle.

6. Opt for cashless claims

Self-service cashless claims options also need to be considered when choosing an insurer for a convenient process.

Conclusion

With these tips, there is no doubt that buying scooter insurance online is seamless. Secure your belongings by providing your details and get a quote instantly. keep your scooter safe by embracing third party bike insurance or comprehensive bike insurance which also covers two wheeler own damage.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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