5 Things To Consider Before Buying Activa Two Wheeler Insurance

If you are planning to buy a new scooter, then considering one from the Activa Series is a smart idea. There are plenty of options to choose from. However, buying two-wheeler insurance online for the scooter can be a tedious task. You need to find a two-wheeler insurance company that covers all your needs without charging you a fortune. You also need to determine which policy to choose, how much premium to pay and what to look out for in the fine print.

Just like you need to consider a number of factors before finally deciding which two-wheeler to buy, the same holds true for your two-wheeler insurance.

What should you consider when buying two-wheeler insurance online?

A two-wheeler insurance policy acts as a safety mechanism in case of any damage caused to your vehicle or a third party during an accident. Here are five things you need to keep in mind when buying insurance:

1. Policy type

There are two types of two-wheeler insurance policies: third-party cover and comprehensive cover. The first provides cover for any damages caused to a person, property, or vehicle by your two-wheeler. It does not cover any damages to your two-wheeler itself. For this purpose, you need a comprehensive cover, which covers damages to the third party and to your own vehicle. Therefore, you need to identify the cover that meets your needs best.  

2. Premium

The cost of the premium your insurance provider offers is an important factor to consider before buying the policy. Listed below are a few factors that determine the cost:

  • Two-wheeler model
  • City of registration
  • Capacity of the engine
  • Insured Declared Value
  • Installation of safety devices
  • Vehicle usage purpose—commercial or personal
  • Driving record
  • Premium tenure—long-term or yearly
  • Mode of purchasing the policy—online or offline
  • Discounts offered by your insurer

3. No-Claim Bonus (NCB)

When you buy the Activa insurance, make sure that your insurance provider offers No-Claim Bonus (NCB). This is a type of discount offered on the premium of your policy during the time of renewal. The insurer provides an NCB if you had not made any insurance claim during the previous year. The amount of the bonus increases if you do not make any claims for consecutive years. The bonus varies from 20% to 50% depending on the number of claim-free years.

4. Add-ons

An add-on cover is a separate benefit that you can avail of with your existing insurance policy. You can add covers like roadside assistance, pillion rider cover, and personal accident cover by paying a higher premium.

5.  Exclusions

A two-wheeler insurance plan comes with exclusions, which result in rejection of an insurance claim. Some of the most common exclusions are:

  • Driving under intoxication
  • Driving without a license
  • Regular wear-and-tear
  • Using a private two-wheeler for commercial purposes
  • Electrical and mechanical failure

Once you have considered all these factors, it will be easier to decide which Activa policy cover is most suitable for you.