Given the ever-growing number of cars on the roads, two-wheelers are much better commuters. It offers a lot of other added benefits as well such as lower running costs, affordability, convenience and of course, lower maintenance as compared to cars.
It is only natural that more and more people are inclining towards buying two-wheelers. However, your responsibility doesn’t just end at buying a new bike. You ought to buy a two wheeler insurance along with it as well.
While the government mandate is a strong reason for buying two wheeler insurance, a good policy ensures that you are covered from varied aspects of riding. And when you do have a valid policy, you would want to exercise it at the time of need.
There are two ways in which you can exercise your claims – cashless and reimbursement. Over the past few years, cashless services have gained a lot of popularity and quite rightly so. Imagine getting your bike repaired without having to pay anything from your pockets!
What are Cashless Claims?
As one would have guessed by now, a cashless claim ensures that you do not have to pay anything from your pockets. The repair bill is directly sent to the insurer and they settle the accounts with the service center or garage. The only thing that you would need to pay is the deductible component.
What is Compulsory Deductible?
A compulsory deductible is a component of your two wheeler insurance policy. It is an amount that you ought to pay during a claim. Though it depends on your insurer, the compulsory deductible is usually INR 100 for bike insurance policies.
How does it work?
Irrespective of whether you buy bike insurance online or offline, you can avail cashless service. While signing up for a two wheeler insurance online, you can take a look at the list of network garages. Should you visit any of these garages for repairs, you can avail cashless service.
Your policy document might also have a copy of the list of network garages. You simply need to take your bike to one such garage. As an alternative, you can also reach out to your insurer and they will help you out in figuring the nearest garage.
Upon reaching the garage, an independent surveyor from the insurer will inspect the vehicle. Approval of cashless service comes under the purview of these independent surveyors. Once the cashless service is approved, the garage will start with the repair work.
On completing the work, the garage will send the repair bill along with any other necessary documents to the insurer. Since the garage directly works with your insurer, you need not to worry about any documents, unless explicitly asked for.
Most of the policies do not cover repair costs of gadgets or accessories. And your insurer will only settle the bills that the policy covers.
Benefits of opting for Cashless service
Cashless service is a benefit of buying a two wheeler insurance online, yet the list of benefits doesn’t stop there. The following are some benefits of opting for cashless services.
- Less Stress: Apart from any compulsory deductible or charges related to repair of gadgets or accessories, you do not have to pay any cash from your own pockets. This seemingly small step can save you from a lot of distress.
- Hassle-Free: Most insurers have an exhaustive list of network garages. Depending on your insurer, this list can span to thousands across the country. This ensures that you are never too far from a service center and can avail cashless service.
- No Pay: You need not to worry about paying the entire amount in cash during any sudden repairs. You simply need to ride your bike into one of the network garages and viola. They will take care of the repairs and the payment as well.
Conclusion
If you haven’t already, it is high time that you buy bike insurance online. It is quick, cheaper and more reliable to buy a policy online. With almost all the vendors available online and so many options to choose from, you are only a few clicks away from a good two wheeler insurance policy.
