Is it compulsory to buy insurance from bike dealer?
If you are intending to buy a two-wheeler anytime soon, then the dealer will provide you with two-wheeler insurance cover. Depending upon your wish, you may buy the two-wheeler insurance from the dealer however, there is no such compulsion. Although, buying third-party insurance is a legal mandate in India.
Can I buy two-wheeler without insurance?
Yes, you can buy a two-wheeler from a dealer without a two-wheeler insurance policy. However, you have to purchase at least a Third-party 2-wheeler Insurance Policy to register the vehicle. … Yes, the penalty for driving/riding a vehicle without insurance is the same for all vehicles.
Is Theft covered in bike insurance?
Insurers will pay an amount equal to declared value of insured bike in case of theft. … You can breathe easy even if your bike insured with a theft cover is stolen. The insurance company will pay you an amount equal to the monetary value of your stolen bike.
What type of insurance is good for two-wheeler?
A Comprehensive type of policy is considered as the best two-wheeler insurance policy because of its coverage. It covers the mandatory Third-party Liability Insurance as well as Own Damage. You can also go for appropriate Add-ons to strengthen your policy.
Which insurance is compulsory for 2 wheeler?
For those who are not familiar with the law governing bike insurance—purchasing at least a Third-party Liability Two-wheeler Insurance Policy is compulsory in India. This rule is in accordance with The Motor Vehicles Act. If you fail to comply with this law, you will have to face monetary penalties.
Is online bike insurance valid?
Buying online two-wheeler insurance is secured. However, customer may be worried because of online transactions but if brought with extra research, it is always safe to buy two-wheeler insurance online. It is advisable to read all the features offered before purchasing an insurance plan online.
How can I renew my two wheeler insurance after expiry?
How to Renew Two Wheeler Insurance Online after Expiry?
- Review your requirements related to two-wheeler insurance. …
- Login to your insurer’s website.
- Enter the details related to your bike and your previous policy.
- Select the type of bike insurance policy.
- Set Insured Declared Value (IDV) and select Add-ons if required.
Can I renew expired two wheeler online?
When renewing your lapsed policy, you can do it online as well as offline. For the online mode, you can visit the insurer website, enter the required details and renew your policy online. While renewing online, keep all the vehicle documents handy as you will be required to enter the details.