September 27, 2022

How to Make Your Bike Insurance Renewal Online

Read Time:2 Minute, 35 Second

If you’re ready to renew your bike insurance policy, you’ve come to the right place. By following the simple steps outlined below, you’ll be well on your way to obtaining a new policy and receiving a discount. Bike insurance renewal can be a hassle-free process, and you’ll be glad you did it online! Finserv MARKETS offers cashless claim services, a 24×7 help desk, comprehensive coverage, and a variety of convenient online options.

When it’s time to renew your bike insurance policy, many insurers offer bespoke apps. Simply download the app and sign in with your registered email id and mobile number. Under ‘Bike Insurance,’ choose the renewal option and fill in the necessary details about your bike and your existing plan. After entering these details, you’ll need to pay the renewal premium online. Once you’ve finished, your renewed bike insurance policy will be sent to your address.

When it comes to making your bike insurance renewal online, you’ll be able to customize your coverage. The features and company you choose will affect your premium. Many insurance companies have flexible policies, so you can add or remove features as you wish. You can even change the company you’re insured with if you wish. But whatever your preferences, it’s best to make your bike insurance renewal online! You’ll be glad you did.

When it’s time to renew your bike insurance policy, you’ll be able to compare prices, plans, and more. And when it’s time to change insurers, bike insurance renewal is an excellent time to switch to a more comprehensive coverage policy. Add-on covers are available and your base coverage will increase. Then you’ll be sure to get a good deal. If you’re not sure, try Finserv MARKETS’ Bike Insurance Calculator.

One of the most important factors when choosing bike insurance is IDV (insured declared value). IDV is the amount your insurer pays out when your bike is totaled or stolen. The lower the IDV, the lower your premium will be. Be sure to renew before your policy expires. If you don’t, you could be paying a higher IDV than you really need. That way, your insurance premium will remain lower than it was before.

When you renew your bike insurance, you can opt for riders. Riders can help lower your premium at renewal time. The premium you pay for each of them depends on your age and riding experience. Younger riders are higher risk to insurers than older riders. Therefore, you should research the riders before choosing a policy. Make sure you choose a suitable rider before buying a policy. After all, they’ll be riding your bike and need to pay for their coverage.

NCB: If you’re looking for a discount on your two-wheeler insurance premium, the no-claim bonus (NCB) is an excellent option. No-claim bonuses are awarded to policyholders who have been claim-free for a certain period of time. You can get up to 50% NCB if you have a claim-free year in a row. As you can see, your NCB discount can significantly lower your renewal premium.

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