If you want to renew the insurance of your bike, then you can easily do it sitting at home, then before renewing the bike, we will tell you what things you should keep in mind before continuing it and how to renew the insurance.
If you want to do this then today we will tell you what zero dep comprehensive first-party second-party and third-party insurance and which insurance we should take for our bike, today we will tell you all this information about comprehensive and zero tape.
Will tell and we will also tell you what is the difference between first-party, second-party, and third-party insurance and which insurance will be best for your bike.
What Is Third-Party Insurance
First of all, we tell you what is third-party insurance, if you have taken third-party insurance for your vehicle, and if there is any damage to any third party from your vehicle, then there is a loss of property or a person.
It is covered in third-party insurance, you must take at least third-party insurance for your bike, if you want, you can also take first-party insurance or zero depreciation insurance, but it is compulsory for you to take third-party insurance, now we Will tell you that second party is nothing second party we can only accept the insurance company
So we suggest that either you get third-party insurance done for your bike or you get first-party or zero dep done if your If the bike is new, then we advise you to take zero dep or first-party insurance and if your bike is very old, then you can take third party insurance on it, we will tell you all about first party and zero dep. will give.
What Is First Party Insurance
Now we will tell you about first-party insurance, in first-party insurance, if something happens to your vehicle, you can claim it and if your vehicle has caused damage to a third party, then you can claim that too, that’s why This is also called a comprehensive package, it has both third party coverage and coverage of your vehicle. You can add zero dep inside it.
You can add zero dep only with the first party and not add zero dep with the third party. Zero dep means that if any part of your vehicle is damaged, then you can claim it in zero dep, that’s why we advise you that if you are taking first-party insurance, then you can do zero with it. Make sure to add the dep because if anything happens to your vehicle, you can claim for that too, so if you are getting the first party done, add zero dep.
How To Get No Claim Bonus
No claim bonus is a bonus that the insurance company gives to its customer, if you renew the insurance of your vehicle, then you can apply for NCB. There are some terms and conditions that you should know if you want to apply for those terms and conditions.
If you meet the conditions then you can apply for no claim bonus if your insurance is expiring within 90 days then you can take NCB if it is grandfathered from 90 days then you can not take and if on your previous policy.
Even if there is a claim, you will not get NCB, which is no claim bonus, it increases year by year, the first year 20%, the second year 25 to 50, that’s why you have to check carefully before adding NCB to your insurance, if you put wrong NCB then you may face problem in the claim.
How To Get Insurance
By the way, there are many ways to do insurance and in today’s time, almost every company will provide you insurance, whether you are offline or online, you can get your bike insured in both ways. To get offline insurance, first, you have to register the bike.
After taking the certificate, you will have to take it either to the insurance company or to the insurance agent, they will do either third-party or first-party insurance of your bike, but offline insurance is a bit expensive, but it is an easy way. You will not face much problem in this, you can get your bike insured through any agent, but if you want, you can insure your bike online while sitting at home.
In today’s time, there are many companies and mobile applications for bike insurance. Good offers are made available to you and you will get cheap insurance from the market sitting at home, but for this, you should know by which company you are getting your bike insured and which insurance you are taking.
You should keep in mind that while doing insurance, you should not make any kind of mistake, if you want, you can compare the insurance of many companies with the policy market.