9 Things to Know About Bike Insurance While Relocating

For many of us, moving to another city probably is overwhelming. Amidst the excitement and chaos of relocating to a new place, people usually forget to make certain changes in their bike insurance policy. The article explains significant tips that you should know about bike insurance policy while relocating to a new city.

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9 Tips to Keep in Mind While Relocating Your Bike

Getting out of your comfort zone and rebuilding everything in a new place is the best way to learn and grow. Are you one of those people who are planning to relocate to another city? Here are 9 tips that you should consider about your bike insurance policy while relocating to a new city in India-

  1. Notify Your Insurance Company

    When you shift to a new city, the very first thing you should do for your bike insurance is to notify your insurance company to update their data. While doing so, you might have some questions, such as-

    • Can I use my current bike insurance in another state?
    • What documents are required to update my address in the insurance policy?
    • How can I transfer my bike insurance to another state?

    If you have bought your bike insurance online from Policybazaar.com, you can connect with your insurance expert and update your permanent address. By doing so, your insurance provider will be able to communicate with ease and they can send official documents to your new registered address by post.

  2. Look for Upgradation

    If you are planning to move from Tier 3 to Tier 1 city, your insured bike might get stuck in a traffic rush and there is a higher risk of road accidents. Also, it becomes a cause of death by injury of the owner-driver.

    Therefore, to protect your vehicle against uncertain circumstances causing damage to your own vehicle, you must get your own-damage cover with the mandated third-party bike insurance. Or else you can look up comprehensive two-wheeler insurance that provides financial backups to your own vehicle and third-party liabilities in case of accidental damages.

  3. Explore Other Options Too

    A little research can be enough if you are relocating to a new city, especially when your 2-wheeler insurance policy is about to expire during that period.

    Additionally, the insurance company might offer some extra benefits at affordable premiums in the new city. Check whether they are providing you coverage throughout the country and network garages available in the new city.

  4. Look into Your Bike Insurance Premium

    Do you know your bike insurance premium might change when you plan to relocate depending upon the terms & conditions of the policy? For example- you are residing in a coastal region of India, you are highly vulnerable to various natural hazards such as cyclones, heat waves, or flooding, and you are likely to pay a higher premium.Therefore, you must check the insurance premium depending on the location and terms & conditions of the policy.

  5. Do Not Miss Useful Add-onCovers

    Before you finalize a new 2-wheeler insurance policy or renew the old one, you should also look for additional covers to enhance your policy coverage along with your comprehensive bike insurance plan.

    If you are relocating to a place where water logging is a major problem during rainy seasons, you must opt forEngine Protection Coverto safeguard your two-wheeler's engine.

  6. Re-registration with the Local RTO

    Whether you are moving permanently or long-term, it is crucial to register your two-wheeler with the Regional Transport Office (RTO) of that state or city. This process is known as the re-registration of your vehicle, where you get a new registration number of your vehicle. Once you get it, update it with your insurance company as well. To complete the re-registration of your vehicle, you have to obtain a No Objection Certificate (NOC) from your previous registered RTO.

  7. Ensure there is No Gap in Your Insurance Policy

    You must be busy relocating and might forget to renew your bike insurance policy if it is about to expire. This might get you into trouble if you ride with an expired or lapsed bike insurance policy. Therefore, you must ensure there is no gap in your insurance coverage, as you are not covered for any claims in case your vehicle gets damaged.

  8. When You're Buying a New Two-wheeler

    When you are moving to a new location and planning to purchase a new two-wheeler, there are certain pointers you must keep in mind-

    • Always check the insurance quotes offered by your current insurance company for your new vehicle. If you are getting better coverage from other insurers, then you must switch to another insurer.
    • Transfer the NCB (No Claim Bonus) from your old bike to the new one and get a discount on your own-damage premium.
  9. Essential Documents Required While Relocating

    Here is a list of essential documents that you must keep ready while relocating to a new city-

    • Forms No. 27 and 28 from RTO
    • RC of your bike
    • PUCC of your bike
    • Valid bike insurance policy

Take Away

The process of relocating to a new city is quite cumbersome. There are many things to worry about, but you can't miss your two-wheeler and the insurance coverage. Therefore, keep the above-explained points in mind to make your relocating process hassle-free.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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