Two-wheeler insurance unveiled: 5 lesser-known facts

At Zurich Kotak Bike insurance, we strive to give all our policyholders the best possible options. We believe in transparency, and thus, we bring you some of the lesser-known facts about two-wheeler insurance. These secrets can make a significant difference in how you approach and understand your coverage. Here’s hoping that revealing the hidden truths can help you get the most out of your policy.

1. Cashless claims do not mean you don’t pay anything

   While there is no denying that getting your car repaired at a network garage is very easy and convenient, cashless claims do not mean you don’t pay anything from your pocket. Unless you have opted for certain add-ons, you will have to pay for uncovered costs.

2. Your claim history is important

   A clean driving track brings more than one benefit. Your premiums may be influenced by your claim history. Too many accidents in the past put you in the category of high-risk, and thus, you may have to pay a higher amount as a premium.

3. There are ways in which you can cut back the premium

   Yes, you got that right. Here’s how:

   • Rather than making small claims, try building your NCB, no claim bonus, so that you can get significant discounts on your upcoming premiums

   • Too many bike modifications can increase the risk that your insurance provider has to undertake

   • A higher voluntary deductible can reduce the burden of premiums on your pocket

   • Higher IDV equals high premiums, so select a suitable IDV

   • Renew the policy on time to avoid

   • Try buying multi-year policies to get discounts

   • Anti-theft devices can help cut back two-wheeler insurance costs.

4. Your hard-earned NCB will remain even if you switch your two-wheeler insurance provider

   The NCB is a reward that is given to you by your insurer for not making a claim during the policy tenure. While most policyholders know that the NCB is a benefit that one can avail of with a comprehensive policy, it is a lesser-known fact that even if you switch your insurance company, your NCB remains intact. That’s not all. Even if you are buying a new car, you can transfer your current accrued NCB to the new one.

5. Your insurance claim can be rejected

   While this is a rare scenario, you need to keep in mind that your insurance company can reject your claims. Listed below are some of the most common exclusions in the Zurich Kotak Bike insurance coverage:

   • Accident or theft caused by negligence

   • Damages that happen when you are under the influence of an intoxicant

   • Damages are incurred when someone without a valid driver’s license is driving.

Let’s Wrap It Up

Every rider should be aware of these 5 lesser-known facts. From saving money on premiums to understanding the intricacies of coverage, we hope that these insights about two-wheeler insurance will empower you to make informed decisions and ensure your peace of mind while riding your beloved bike.

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