Welcome to Elephant Blog
Helping you to make informed decisions about insurance
image
Do’s and don’ts before buying Two-Wheeler Insurance
published on October 22, 2021

As per the Motor Vehicle Act of 1988, having a motor insurance is compulsory for all vehicle owners in India. This move was conceptualized for the benefit of both parties, the one involved and one who may get involved in an unfortunate accident or mishap.

Some of the dos under insurance buying process by highlighting just the essentials:

  • You need to know about types of insurances- You need to be well-aware of the two basic types of coverages. When you buy two wheeler insurance online, there is also a third-party plan with only third-party legal liabilities. It is a basic plan with lower premium rates. Under the comphrensive plan, you can get a complete cover package that includes third-party liabilities as well as personal accident cover.
  • Look for add ons- in a few words, the current insurance market scenario stands as a well-planned and organized machine. Additionally, under two wheeler insurance, online add ons focus on the pain areas of several customers and tend to the need of the hour for each of them separately, including repairs, roadside assistance, the return of invoice value, accessories cover, etc.
  • Understand the IDV: one of the essential factors that need to be considered while reducing the premium amount of your vehicle insurance is Insured Declared Value (IDV). It is the current valuation of your two-wheeler in the market. Depreciation of the two-wheelers is factored into the IDV, and the IDV is then calculated.
  • Look for the coverages-, basic coverages are similar which are offered by most of the insurers. You must carefully go through and understand every factor included to be claimed in case of damage or loss. Under the cover, Natural calamities, human-made disasters, etc., are included. It is impossible to know when to claim without having sufficient knowledge of this.
  • Remember the inclusions and exclusions- it is essential to know and keep in mind when you are eligible for a claim, and when you are not, be it the add-on or the necessary cover. When your two-wheeler vehicle has been damaged due to driver intoxication, then making a claim is a futile effort.

Don’ts under a two-wheeler insurance policy:

  • Do not go for a cheaper cover that does not cover well- There might be covers that may give you premium respites. However, this is not always recommended for you.
  • Do not delay in filing for the claim- Filing a claim within the stipulated time is the only way to ensure you receive the benefits of the insurance policy. Claiming the policy even a day after the slotted time will disqualify your entitlement to the claim.
  • Do not forget to renew policies- if you own a two-wheeler vehicle, Two-wheeler insurance. So you can proceed to renewals and are always covered by setting reminders for getting a heads-up on when the policy expires.

Hence when it comes to buying a two-wheeler insurance policy, you need to know one thing for sure that if you fail to understand any part, get in touch with your insurance provider. 

Read more
image
Bike Accessories For Long Distance Motorcycles Touring
published on October 6, 2021

Words can hardly describe how it fells when it comes to Exploring new locations on a motorcycle. Experts who offer two wheeler insurance online  say ‘free spirits’ throw caution to the wind and hope everything works out. Meeting new people, visiting new places, on a bike has the ability to empower you, at the same time, freshen you up. To go on such a journey, you need to equip yourself with some necessary bike accessories for a practical and safe ride.

A few must-have Bike Accessories for long distance rides are:

Tool kit:

Different bikes have different tool kits, which have evolved over the years into a set of more advanced and efficient tools. These new tool kits reduce the amount of work for the mechanic and also reduce the effort applied and increase the speed of a repair. For long-distance touring, a tool kit is now a requirement as you never know what problems your bike might face and when it might need a repair. 

First aid kit:

In case of an emergency, a first-aid kit is a collection of supplies and medical equipment that is used to give medical treatment. There is a wide variation in the contents of first-aid kits based on the knowledge and experience of those putting it together. A first-aid kit can also save lives in case of an accident or medical emergency. Since doctors and hospitals won’t be available in remote destinations, the first-aid kit proves to be one of the essential touring accessories you need.

Saddlebags or tank bags:

Earlier saddlebags were earlier used on horses, but ever since the motorcycle was invented, the military started using these bags to carry heavy ammunition and artillery on the bike. Saddlebags are now available as modern motorcycle accessories to place across the rear portion of the motorcycle seat, making them quickly detachable. Panniers are Modern metal Saddlebags. Experts who offer two wheeler insurance online  say a tank bag is a storage compartment attached to the top of the gas tank.

Evacuation Insurance:

you may need to be evacuated to the nearest medical facility and, ultimately, back home when excrement really hits the propeller. Based on your two-wheeler insurance online you could end up with an exceptionally costly transportation bill. Medical evacuation insurance can provide peace of mind for you and your loved ones and potentially save you a pile of money.

Portable Air Compressor:

You will need a way to re-inflate it After you fix your flat tire. Some flat-repair kits come with a few CO2 cartridges, but depending on your tire’s size, you probably won’t have enough to inflate it fully for safe operation.

Motorcycle Owner’s Manual and Spare Bike Key:

Keeping your motorcycle owner’s manual on the bike and being familiar with its contents can be very helpful. Experts who offer two-wheeler insurance online say it contains valuable information about routine maintenance, load capacity, electrical system charging output, proper tire inflation, etc. 

Read more
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2018 to 12/10/2021
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
*All discounts provided by insurers as per IRDAI approved insurance plans. Standard T&C apply.
Insurance is the subject matter of solicitation. For more details on policy terms, conditions, exclusions, limitations, please refer/read policy brochure carefully before concluding sale.
Visitors are hereby informed that their information submitted on the website may be shared with insurers for soliciting insurance policies.The product information for comparison displayed on this website is of the insurers with whom our company has an agreement.Product information is authentic and solely based on the information received from the Insurer.
Copyright © 2021 Alliance Insurance Brokers Pvt. Ltd. All rights reserved. VisaUpdated Rupayupdated Mastercard AEUpdated Netupdated UPI 3 PayTM Gpay
Elephant.in is best viewed through Internet Edge, Mozilla Firefox® 16.x and +, Safari 5.1 and +, Chrome 23 and +, or an equivalent browser software. If your browser is older, you may have trouble viewing many of our web site features properly. If you are unsure of the version of your browser, you can determine it by choosing ‘Help’ at the top of your browser window and then selecting ‘About’ (your browser).