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Mistakes to Avoid while Buying Comprehensive Bike Insurance Offline

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Maintaining insurance coverage is mandatory as it ensures and acts as a protective shield under any unprecedented accidental circumstances and saves you from getting your pocket burned. This is essentially true for both two-wheelers and four-wheelers. So, since your beloved two-wheeler will remain exposed on the road are more prone to accidental damage. Third-party insurance will take care of only the third-party damages involving your vehicle, which may prove to be insufficient for a more luxurious or imported bike. There maintaining comprehensive bike insurance is the sole option.

You can also buy a comprehensive bike plan online and offline if you prefer the old-school practice. However, in this digital era, going online is the best solution. But, while you are going offline, you must be very careful to avoid some of the most common mistakes that can eventually lead to sheer disaster. This article will focus on some such mistakes and ways to avoid them.

Basic differences between online and offline bike insurance plans

This table-wise gist will showcase the basic differences between buying bike plans online and offline:

PARAMETERS	ONLINE BIKE INSURANCE	OFFLINE BIKE INSURANCE
COST	Reasonable	Comparatively pricier than online insurance
VALIDATION	No question of inspection or validation while purchasing a befitting bike coverage	The cumbersome, lengthy procedure indulges in making it very slow for insurance issuance or validation
BENCHMARK/COMPARISON	The customers can search the internet to make a comparative study and select the best-suited plan	No benchmarking option is available; carries the probability of feeding the interest of the concerned broker if involved
PAPERWORK	Zero to nominal paperwork	Excruciating paperwork is required
CLAIM SETTLEMENT	For meagre damages, the claim settlement is possible instantly	Very lengthy and delayed claim settlement process for any sort of damage
ISSUANCE/AVAILABILITY OF THE PLAN CONCERNED	Happens instantly	Time-consuming and delayed process
POLICY RENEWAL PROCEDURE	Very simple, just a matter of a few minutes and a few taps and clicks on your smartphone or laptop	Difficult, time-consuming, and lengthy

5 basic mistakes that can be committed while buying offline two-wheeler insurance

While you prefer to remain old school and consider buying offline two-wheeler insurance, a host of things can go drastically wrong, in case you are not quite careful during the process. These are some of the major consequences you might face if you decide to purchase bike insurance offline. You have to carefully consider these plausible drawbacks while buying an offline bike plan:

1. Delayed insurance issuance procedure:

Starting from a host of paperwork and delayed approval procedures, offline bike plan purchasing authorisations and applications can prove to be extremely time-consuming. The customers have to take a lot of trouble and pain for proper insurance validation of their two-wheelers. The scarcity of any single dedicated window or that of stakeholders makes it all the more delayed. They need to interact through dedicated intermediaries, brokers, or agents to ensure proper completion of the process.

2. Loss of plausible discount opportunities:

In case you opt for offline bike insurance, you have to settle for the fact that most discount options will be lost. Be it in premium values or upfront fees, they simply prey on the digital inefficiency of the customers. On the other hand, you can enjoy various discounts if you go online during a bike plan purchase.

3. Be prepared to pay an enhanced amount of premium value:

The offline procedure not only denies discounts rather they even compel shell out a comparatively enhanced amount of premium. This happens more so because the offline method essentially lacks any benchmarking facility. It limits the probability of availing of decreased premiums. If you sum it up after the completion of the tenure of the concerned insurance plan, the users might earn a little fortune through an online medium by paying reduced premium amounts which remain unavailable during offline mode.

4. Delayed response on average from the concerned customer support team of the insurance company:

The customer support team or the concerned insurance company’s delayed response and lack of proper accountability play a significant role in the entire process. As soon as the concerned offline plan gets sold, the 24*7 customer service support opportunity ceases to exist for the customers. As a result, they prove to be highly incompetent and inappropriate in case of an emergency, making the whole scene unenthusiastic and restrained.

5. Delayed and lengthy claim settlement:

If the customer service support team is delayed, it is no wonder that the claim settlement procedure would be equally lengthy and excruciating. Since the offline method requires a host of paperwork, it becomes the major cause of delay as it creates several disturbances during the lengthy process. On top of that, it requires an inspection, making the entire procedure all the more complicated and time-consuming. Any standard bike insurance's offline claim settlement process can prove to be extremely drilled and hectic in India.

Certain tips and tactics to keep in mind while purchasing two-wheeler insurance in India, be it online or offline:

● Despite the limitations, try to explore as many options as possible before finally settling for any particular plan

● Analyse your requirements well before buying any insurance plan. If a basic third-party plan is sufficient, then reduce the drainage of resources by buying an expensive comprehensive plan. Never curb on optimum insurance coverage to ensure complete protection of your bike

● Always chalk out a practical plan to budget your premiums well. As you need to pay the designated premium value throughout the tenure, effective, long-term, practical financial planning is very essential.

● Prior to selecting your policy plan, you must carefully read and understand all the related terms, conditions, rules, and regulations beforehand to avoid any future misunderstanding

● In case you have bought a pre-owned bike, make sure that the insurance is duly transferred in your name during the purchase, or you buy it afresh.

Conclusion

From the above discussion, it is quite evident that buying offline comprehensive bike insurance has more cons than pros in this digital age. To conclude, we can simply say that buying bike insurance online is the best possible way to insure your bike as it involves minimal paperwork, is flexible, offers enhanced discount opportunities, benchmarking facility, and offers instant claim settlement opportunities. However, if you still wish to go offline, be prepared to make the most out of it.

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

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