
Coverage
Look for a bike insurance plan that offers an extensive coverage for accidental damage, loss/theft of bike, damage due to natural calamities, and repair and replacement of damaged parts.
Claim Settlement Process
While choosing the right bike insurance, it is vital to consider the claim settlement process. Opt for plans that offer an easy and hassle-free claim settlement process.
Claim Settlement Ratio
It is best to choose an insurer with a high claim settlement ratio as it will offer a higher probability of your claim being settled.
Price
Price of premiums is a factor that should be compared with the coverage offered. Look for policies with affordable premiums but don’t let price be the sole driving point behind your purchase.
Tenure
Insurance is a necessity, therefore, it is better to buy a policy for 2 or 3 years at once to avoid renewal hassles and/or unforeseen premium hikes.
Network Garages
It is better to opt for insurance that you can easily claim regardless of where the damage occurs. Choose the insurance plans with a wide network of garages across India to ease the claim settlement process and avail cashless servicing.
Exclusions
Exclusions are just as important as inclusions. Check factors that the insurance does not cover – like normal wear & tear of the bike, electric/mechanical breakdowns, etc to avoid last minute claim rejections.
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