Guide and Information of Bike Insurance Online
In recent years, there has been a boom in the automobile sector with high end growth rate. But due to this growth and and acute traffic dilemma the number of automobile accidents have also ben soaring. This has naturally accelerated the desirability for bike insurance online. Auto insurance is obligatory for all new vehicles, be it money-making or personal use. Bike Insurance Online are coming out with wide range of policies for its customers. In order to encouage the customers to tale at least a low cost insurance or cheapest car insurance or cheap bike insurance online the companies a formulating new policies to draw in more customers. They are also tying up with foremost automobile manufacturer for a speedy insurance procedure. A bike can be insured against loss or harm by accident, fire, theft while in transit, third party accident etc.
Insurance companies are providing value-added service to its cllients by offering them online qoutes for bike. The premium is calculated by a number of factors like, make of the bike, year of manufacture, place of regiatration, present showroom price of the bike and also on the model of the bike. The amount of the premium increases with the rise in the price of the vehicles.
The claim of the bike insurance online has the following processes:
- The claim can be accidental, theft claim or third party claim
- Insured should write the number of other car in case of an accident or third party claim.
- Should file a FIR in the closet police station.
- An inspector is allotted who reports the approximate value of loss or damage.
Some of the banks and insurance companies that offer bike insurance online are:
- United India Insurance
- Bajaj Allianz
- ICICI Lombard
- HSBC India
- The New India Assurance
