Getting two-wheeler insurance is mandatory but people often make mistakes when choosing
the right insurance policy. These are common mistakes which can be easily avoided. This blog talks
about 3 common mistakes to avoid when choosing two-wheeler insurance.
Although buying insurance for your two-wheeler is mandatory, it is important and every two-
wheeler owner should have it even if it was not mandatory. It protects you and your two-wheeler from damage in case of an accident. However, because it is mandatory, people do not pay much attention to what they are paying for when they buy insurance for their two-wheeler and often make common mistakes which can be easily avoided just by paying a little attention. So, to help you out, here are the common mistakes to avoid when buying two-wheeler insurance:
1. Not Doing Research
People often do not do research and buy whatever the dealer has to offer. Many even think that it is best to buy the insurance from the dealer itself. But it is not true.
You can choose not to buy the insurance from a dealer and look for better deals from insurance companies. You will find better deals with more features and less premium if do research and buy 2 wheeler insurance yourself.
2. Not Taking Advantage of No Claim Bonus
This is a feature that is provided with every insurance policy. If you do not make any claim during the tenure of the insurance, then you are entitled to No Claim Bonus (NCB).
Each insurance company provides different benefits under NCB. Some give gifts, others offer discount on renewal of policy. Whichever way you choose to go, ensure to make use of this benefit.
3. Not Reading Terms and Conditions
We all tend to not read terms and conditions and just proceed anyway. While it works in several cases, it should not be so when it comes to insurance.
Reading all terms and conditions is important. You should know of the advantages you are entitled to, in what instances are you not eligible for filing a claim, on what grounds can it be declined, etc.
By simply avoiding these mistakes, you will always choose the best two-wheeler insurance for yourself.
the right insurance policy. These are common mistakes which can be easily avoided. This blog talks
about 3 common mistakes to avoid when choosing two-wheeler insurance.
Although buying insurance for your two-wheeler is mandatory, it is important and every two-
wheeler owner should have it even if it was not mandatory. It protects you and your two-wheeler from damage in case of an accident. However, because it is mandatory, people do not pay much attention to what they are paying for when they buy insurance for their two-wheeler and often make common mistakes which can be easily avoided just by paying a little attention. So, to help you out, here are the common mistakes to avoid when buying two-wheeler insurance:
1. Not Doing Research
People often do not do research and buy whatever the dealer has to offer. Many even think that it is best to buy the insurance from the dealer itself. But it is not true.
You can choose not to buy the insurance from a dealer and look for better deals from insurance companies. You will find better deals with more features and less premium if do research and buy 2 wheeler insurance yourself.
2. Not Taking Advantage of No Claim Bonus
This is a feature that is provided with every insurance policy. If you do not make any claim during the tenure of the insurance, then you are entitled to No Claim Bonus (NCB).
Each insurance company provides different benefits under NCB. Some give gifts, others offer discount on renewal of policy. Whichever way you choose to go, ensure to make use of this benefit.
3. Not Reading Terms and Conditions
We all tend to not read terms and conditions and just proceed anyway. While it works in several cases, it should not be so when it comes to insurance.
Reading all terms and conditions is important. You should know of the advantages you are entitled to, in what instances are you not eligible for filing a claim, on what grounds can it be declined, etc.
By simply avoiding these mistakes, you will always choose the best two-wheeler insurance for yourself.
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