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Common mistakes in choosing two wheeler insurance

If you are a business owner, your business needs will be different from that of an individual looking for life insurance coverage for his family. In the latter, the individual may look for a personal life insurance policy that can replace his income and secure his family’s needs.

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Common mistakes in choosing two wheeler insurance

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  1. Common mistakes in choosing two wheeler insurance WWW.POLICIES365.COM

  2. Confused while choosing two wheeler insurance for your motorbike? Well, you’re not to blame, given that it’s so easy to get lost in the complicated jargon of the policy features. The complex terms often confound customers, having them all worked up and often sounding alien. A bike insurance, however, is necessary to protect yourself and your vehicle in case of an accident. Read on to find out some of the common mistakes made during the purchase of two wheeler insurance.

  3. Lack of research Most people that purchase a bike insurance for the first time do so without thorough knowledge of the matter. Conducting proper research while planning for the policy purchase is of utmost importance. Make sure that you compare two wheeler insurance rates so you get the best offers at a reasonable price. You can also make use of customer reviews for your research by looking them up on the internet or asking people who have purchased similar policies.

  4. No mention of the nominee In case you do not mention a nominee for your claim, your family will not be able to access its benefits if something were to happen to you. It is important to always mention a nominee while buying two wheeler insurance.

  5. Ignoring terms and conditions This is purely the result of trying to get the job done too fast. Always take time to read the terms and conditions of the policy. There might be some problematic hidden clauses in the fine print that you should know of before finalizing the plan.

  6. No Claim Bonus If you do not make any claims on your policy throughout its tenure, you are eligible for a No Claim Bonus upon renewal. Make sure that you claim this bonus even if your insurance agent does not inform you about it.

  7. Policy Lapse Once your insurance lapses, you are basically riding around the city unprotected. This is both illegal and fatal so keep an eye on the policy lapse date and do the needful as soon as possible.

  8. Focusing on price only We all want a good discount but that should not be a deciding factor when it comes to buying insurance policies. Look for a two-wheeler insurance that is affordable but provides services that fit its price point. In fact, some policies that offer a low premium do not provide coverage against huge losses and damages to the vehicle.

  9. Find the best Insurance plan with ease The advancement of technology has made it possible to compare different policies before choosing the right one. At Policies365, you can find the best two wheeler insurance plans. You can also compare two wheeler insurance rates here to estimate the premium amount and the benefits you will receive upon settlement. Bike rides may be fun but pose a lot of dangers to the rider and the vehicle itself. It is best to be prepared for any untoward incident with a good two wheeler insurance.

  10. Navnit Insurance Broking Private Limited 172, Solitaire Corporate Park, Building No. 1, 7th Floor, Andheri-GhatkoparLink Road, Andheri (East), Mumbai, 400093, Maharashtra, India IRDAI Broker License No. CB/446/09 Product information is authentic and solely based on the information received from the insurer. Sales Assistant: (022) 42114211 Claims/Service: (022) 42114299 info@policies365.com Toll free number: 18001026234 WWW.POLICIES365.COM

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