How to Avail a New Scooty Insurance Online with Easy Steps?
A two-wheeler insurance policy can be defined as an agreement between an insurance provider and a bike owner. Here, the former promises the latter to cover all financial liabilities that may arise due to an unforeseen incident involving the bike of the insured.
The bike insurance policy protects all types of two-wheelers like a motorcycle, scooter, scooty, and moped. Today, we will be focusing on how you can get a new scooty insurance policy. Purchasing a scooty insurance policy is easy if you know what you are looking for.
There are three kinds of scooty insurance policies, including third-party insurance, standalone own-damage (OD) insurance, and comprehensive insurance. The scooty insurance covers are distinguished on the basis of the coverage.
We will also focus on answering the question of ‘how to pay bike insurance online’ and ‘how to do vehicle insurance online.’
Types of Bike Insurance
Before we talk about how to pay insurance online for a bike, it is important to understand the different types of bike insurance policies that are available in the market. These types of insurance policies are discussed below.
- Comprehensive Bike Insurance
A comprehensive bike insurance policy provides complete coverage to the policyholder and the vehicle. This occurs by paying the financial liabilities that one might incur towards a third party. This coverage is also provided by giving compensation for expenses that might arise due to own damages sustained by the vehicle.
The vehicle is protected against damages caused due to an accident, theft, man-made disasters, natural calamities, explosions, and self-ignition. The cover can also be enhanced by opting for additional covers.
- Third-Party Insurance
In India, it is compulsory for an individual to get third-party bike insurance before riding a bike. This insurance cover is also known as a liability-only policy that covers injuries, temporary disability, permanent disability, and death of an individual due to an accident or a mishap involving the bike of the insured.
- Own-Damage Insurance
The standalone own-damage bike insurance policy gives coverage for the policyholder’s damages sustained during an accident, theft, fire, man-made calamity, or natural disaster. This insurance cover provides flexibility to the policyholder for choosing an insurance company of his or her choice.
It should be noted that an individual can purchase a third-party insurance and own-damage policy either from the same insurer or different insurers. The cover of this policy can also be expanded by opting for additional covers.
Steps for Choosing a Two Wheeler Insurance Policy
The one thing that you should remember before purchasing a bike insurance policy is that it should involve a lot of research. You must evaluate your requirements and needs before purchasing a policy.
There are several other steps involved in this process too. Do you know what these steps are? If not, then don’t worry as we have got you covered. You can go through the necessary steps that you need to follow for purchasing a two-wheeler insurance policy below.
- The Coverage Requirements
The first thing you need to do is gauge the coverage requirement and budget that is essential for you. This will help you narrow down the list and will also make it easier for you to purchase a policy quickly.
- Choose the Additional Covers
Riders or additional covers will help you enhance the cover of your policy. This is why you must select these additional covers wisely. Don’t choose these covers at random. Instead, if you think that there is a policy that fits all your needs except a few, then you can opt for additional benefits to make sure that the policy fits all your needs.
- Reliability of Insurance Provider
You should also check the claim settlement ratio of the insurance provider and do a background check on the company. Make sure that the company is trustworthy and will be there for you during your time of need.
- Compare and Pay
Once you have made a final decision regarding the type of policy that you need, then the next step is just to be sure about everything. You can do this by comparing the policy online with other insurance policies.
In the end, there is nothing left to do except pay for the policy and keep the documents to yourself.
Why Buy New Scooty Insurance Online?
You know how you can purchase a scooty insurance policy online. But do you know why you should purchase this policy online only? If you don’t, then let us tell you that there are several benefits of purchasing a bike insurance policy online. These benefits are mentioned below.
- Unbiased Opinion
When you purchase a two-wheeler insurance policy online, then there is no involvement of a third party. This means that you can purchase the policy that you want to without being influenced by anybody else’s opinion. This is important as it will ensure that you make an unbiased decision that is solely focused on your needs.
- Ease of Comparison
Buying or renewing a bike insurance plan involves a lot of research and comparing the policy online. This can be difficult and will include a lot of manual work. However, all of this can be reduced if you use online comparison tools to compare two-wheeler insurance policies online.
The biggest benefit of purchasing a new scooty insurance online is that the entire process becomes very simple. All the documents that you need to submit can be done online. You will also receive your policy documents online and the payment will also be made online. This ensures that you can search and buy a policy from the comfort of your home.
- Payment Security
There are several secured payment gateways available online that you can use to pay your policy premium. These flexible modes of premium payments ensure that you are never late to pay your premium amount. Further, all of this is done with the utmost security in mind.
These are all the major benefits of purchasing a new scooty insurance policy online!