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8 Reasons of Online Bike Insurance being in the Limelight!
- DetailsWritten by PolicyBazaar -
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Choosing between online or offline insurance is one of the biggest dilemmas encountered by almost every insurance seeker. No doubt, traditional methods are always welcomed. However, if we consider today’s era, which is fast growing towards becoming virtual, it takes very less to understand why buying insurance online is in the hype.
Like other insurance products, two wheeler insurance providers are also moving to online offerings. The best part is online bike insurance is fast, secure and research-based. In this regard, here are some reasons why online two-wheeler insurance gaining popularity with time.
Reasons for Buying Two Wheeler Insurance Online!
The benefit of shifting your attention to online two wheeler insurance is manifold. Here you go:
Do it Yourself Project
Since there is no involvement of agents to influence your decision, online bike insurance is entirely your call. This helps you keep a constant eye on the policy throughout. It allows you to consider every minute thing and understand them carefully to avoid any consequence at the later stage. Moreover, through bike insurance calculator, you can get a rough idea about how much you are going to pay as two wheeler insurance premium. This further retrains you from getting fooled by a broker and buy insurance after comprehensive research only.
Buy Online and Save Time
The online bike insurance process is less time-consuming. Gone are the days you had to wait in a long queue to buy insurance. With the advent of the internet, buying insurance is just a matter of a few clicks now. You can even buy a policy sitting in the office or lying on your favourite couch at home. All you need to do is to visit the official website of the insurer, browse over the plans and pay for the one that best suits you. Simple!
Get Policy at Competitive Rates
Online insurance allows you to get the bike insurance policy at affordable rates. The reason is, there is no intermediary fee associated you buy the policy yourself. In case of offline insurance, the insurance providers have to pay a designated amount to the agents or distribution channels. On the other hand, with online insurance when you buy the policy yourself, it calls for a reduction in premiums as insurer saves on overheads or other expenses.
Say NO to Paper Work
As the entire application process can be done online, online bike insurance requires no or less paperwork. Therefore, it requires no photocopies of documents. It is the quickest way of getting your bike insured against the uncertainties.
Excellent Post-sale Services
Online services can be availed even after purchasing the policy. You can register a claim online, renew the policy online and request to resolve a complaint. Paying premiums online is the most convenient way of renewing bike insurance. Moreover, you can even port the policy online without running from pillar to post.
Comparison is the Mantra
Online comparison is one of the most alluring characteristics of online insurance; where you buy the product after thoroughly compare it. While comparing policies, you should be careful about certain things such as claim settlement ratio of the insurer, benefits offered, premium, coverage etc. Moreover, you can save a considerable amount on premiums if you buy after comparing the policies online. Online quotations can be availed by approaching insurance aggregators which suggest you the right policies as per your insurance needs.
Online Reviews Plays a Great Role!
Whether you’re buying a cosmetic product or some clothes, you prefer going through the reviews posted by the customers about the quality of the product. Insurance is no exception. While buying 2 wheeler insurance, you can read the reviews of the customers online and decide whether you should go for it or not. This allows you to experience an informed buying process.
Get to Know Your Policy Well
One of the main reasons for claim rejection is lack of knowledge of two wheeler insurance. However, with online bike insurance, you can take a quick look at the policy details before buying it. It will allow you to buy the policy as per your needs and avoid being fooled by the promotional commercials. Moreover, you can have a look at the exclusions, which are the most important part of your two wheeler insurance policy.
The Bottom Line!
On a concluding note, buying bike insurance is very easy these days with online insurance. However, still, there are people who prefer buying it through an agent or visiting the insurers’ offices. Well, whether you are buying it online or offline, make sure you are well-pitched of the product, consider double-checking the policy documents, especially the list of exclusions. As online bike insurance comes with multiple benefits, you should consider it once if you are a newbie in the insurance sector.
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