Advantages of Renewing Bike Insurance Policy in a Timely Manner
Introduction Third party insurance is mandatory in India as per the Motor Vehicles Act, 1988. This is the primary reason why anyone owning a bike purchases an insurance policy before taking their vehicle out for a ride. However, your duty would not get over just by investing in this policy. It is imperative that you timely renew your insurance plan in order to get a continued financial protection, in case your two-wheeler suffers from certain damages. Some of the advantages that you would be able to avail as you timely renew your bike insurance policy online have been mentioned in the following slides.
Third Party Coverage Accidents can take place anytime, without any prior notice. It may so happen that your vehicle suffers from an accident and damages the property of a third party, after its vehicle insurance has lapsed. In such a scenario, paying for the compensation for these damages can put a huge dent on your finances and cause a lot of inconveniences. However, in case you have an active insurance policy, then all these expenses will be easily paid off by the insurer.
Damages Caused By Manmade and Natural Circumstances A bike insurance policy provides a comprehensive coverage for any loss or damage suffered by your vehicle, due to various manmade and natural circumstances, including strike, fire, earthquake, flood, hurricane, storm, cyclone, housebreak, etc. These events cannot be predicted, and therefore it is important that you have an insurance policy in case these unfortunate circumstances befall you.
No Claim Bonus One of the major advantages of timely renewing the insurance policy is that you would eligible to avail the NCB or No Claim Bonus. However, in case you fail to renew your policy on time, then you would miss out on these advantageous perks and discounts.
How to Renew a Car Insurance Policy? Traditionally, the insured individual had to visit the office of the insurer in order to pay their premiums and renew their policy. However, in this age of digital technology, the process of availing an insurance policy and renewing it has become much easier. You can now easily renew your bike insurance policy online by visiting the website of the insurer.
Best Place to Avail Bike Insurance Liberty General Insurance is one of the renowned insurance companies that provide comprehensive two wheeler insurance. They are associated with over 2500 garages spread across the country, so that the motor troubles of the insured can be addressed anywhere, without any financial troubles.
Contact Us Address: 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Boardline: 022-6700-1313 Fax: 022-6700-1606 Toll Free No: 1800-266-5844 Email: care@libertyinsurance.in Website: https://www.libertyinsurance.in/ Facebook: https://www.facebook.com/libertyGI/ Twitter: https://twitter.com/LibertyGILtd Google+: https://plus.google.com/+LibertyvideoconIndia