In this article you will learn everything that you want to know about two wheeler insurance. So, why would you need a short-term insurance policy? There are several situations when you may need insurance on a short notice, which may range from one day to 28 days, depending upon your need.
In these cases, you generally borrow a two wheeler that you will be riding temporarily.
In these cases, you generally borrow a two wheeler that you will be riding temporarily.
How the short-term two wheeler insurance works?
Short-Term two wheeler insurance works in a similar manner like any other insurance, you may buy. You have the option to choose from third party, theft or third party fire or a fully comprehensive cover. Besides, you may have to agree to pay in excess during the period when you make a claim. This equals to the cost that you have to pay against the cost of making a claim.
In case of ordinary insurance claim, the premium is calculated on the basis of risk (this includes your personal circumstances and your driving history). It is quite obvious, that those under the age of 21 will find it quite expensive to buy short-term two wheeler insurance.
It should also be noted that any kind of temporary insurance policy that you buy will get renewed post the initial term of the plan is over. Therefore, make sure that you cancel it if you do not want to continue it.
What are the points to be remembered before buying short term two wheeler insurance?
Whether it is for van or car or motorbike, you can buy temporary insurance. However, it is not substitute for an annual insurance, especially if you own or keep a vehicle to you. The short term insurance only applies if you have used it occasionally.
Also Visit: Does NCB Can Be Transfer to IFFCO Tokio Bike Insurance Company
The truth is that it is quite impossible to buy short-term insurance for your motorcycle every time you want to use your bike. Such type of insurance is bought only in special cases. As per the Continuous Insurance Enforcement rules as was introduced in 2011, it is highly illegal to possess a vehicle that is not insured for a long period of time. However, you can still keep it without the insurance if your two-wheeler is registered with the DVLA. If you fail to follow these rules, you may have to pay a fat fine or destruction of your two-wheeler.
How can you get the best plan on short term two wheeler insurance?
The right way to get it if by comparing the different short term two wheeler insurance on the various websites on the basis of price, the protection offered, which will give you the best value for money.
An ideal one would be two wheeler insurance by IFFCO Tokio. Through this policy you can enjoy a comprehensive financial coverage against physical damage, theft, and third party liability. The insurance packages are designed as per the requirements of your two wheeler. In addition to this, you are offered no claim bonus up to a mark of 50% on the renewal of your insurance policy. Along with this, you are offered 24x7 claim settlement help through online. Remember, the NCB is only offered if the policy is renewed within 90 days starting from the expiry of the previous policy.
As for the payment mode, you may choose it as the way you want. This may be according to online or offline and therefore enjoy the facilities without any barrier. This if you are looking for short-term two wheeler insurance policy, buy it from the best company. Compare the companies, their plans, and use the premium calculator to learn about the premium. This will help you land the best deal.
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