All about New Bike Insurance Explained
Finally got that two-wheeler? We’re happy for you! but as an expert, we would like you to also think about its protection. And it's very simple, you can protect it by simply getting it insured and we’re here to guide you through just that.
New Bike Insurance plans in India
Importance of IDV when choosing the Bike Insurance Policy
IDV- the Insured Declared Value, is the maximum amount your insurer will give you, in case your bike is completely damaged or stolen. We know low premiums are luring but it will not give you maximum financial benefit. That’s why you should always check the IDV you are being offered and not just the premium.
We suggest you choose higher IDV, you know why? In the case of the total loss of your bike, a higher IDV leads to higher reimbursements.
At Digit, we let you customise your IDV as per your choice because we want you to make the right decision without any compromises.
Things to consider when buying New Bike Insurance
There are several factors to keep in mind when buying bike insurance for your new bike. Paying attention to them will ensure that you fetch an ideal level of cover. Some of these factors are given below:
Is it a good idea to buy New Bike Insurance from the Dealer?
How to Buy New Bike Insurance Online?
Step 1 - Go to Bike Insurance page, Fill your Vehicle’s Make, Model, Variant, Registration Date (select new bike). Press ‘Get Quote’ and choose your choice of Plan.
Step 2 - Choose between a Third-Party Liability Only or a Standard Package (Comprehensive Insurance).
Step 3 - Give us details about your previous No Claim Bonus earned.
Step 4 - You will get quote for your premium. If you have chosen a Standard Plan you can customize it further by selecting add-on’s, setting the IDV. You will see the final premium on the next page.