4 Things You Should Do As Soon As You Get A New Bike
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When you get a new bike, the first and foremost thing that you must do, without fail, is that you should get a good two wheeler insurance plan. You should buy a new bike insurance plan on priority because it’s very important. But there are also a few other things that you should do as soon as you get the new bike. Let’s find out what they are.
1. Get insurance
The very first thing you should do after you buy a new bike is to buy bike insurance online. Get a good and comprehensive cover that will offer wholesome coverage for your bike, for third party liabilities and also for you as the rider. Do your research, compare the plans along with the insurance companies and then choose the best plan from the best insurer. It is legally mandatory for you to have a valid bike insurance plan at all times. However, it makes the most sense to opt for a comprehensive bike insurance plan to cover damages to your new bike, in case of an accident.
New Bike Insurance norms:
- Thus, according to the IRDAI regulations of September 2018, a 5-year Third party two wheeler insurance plan is mandatory if you purchase a new bike. However, from 1st Aug 2020, the 5-year comprehensive bike insurance plan has been discontinued.
- So, for a new bike, you have two choices:
- Third-party insurance plan (for 5 years)
- Bundled Insurance Plan (with 1-year own damage coverage and 5 years TP coverage)
2. Buy accessories
The next crucial thing you have to do is buy accessories for your new bike. There are many accessories that you can invest in. First of all, you can buy accessories that enhance the look of your motorcycle. These include fancy mirrors, seat covers, wheel guards, etc. Then, you can buy some very practical safety accessories that enhance the security features of the bike, anti-theft devices are common bike accessories that you can consider getting. If you have such a device on your bike, the insurance premium will also come down as your bike will be less risky to insure.
3. Look for warranty
Most bike manufacturers offer warranties on the vehicles they sell. Some warranties are in-built and some need to be purchased separately. Ensure you get all the available warranties as that will help you immensely in the long run.
4. Get it serviced
Many people make the mistake of assuming that a new bike doesn’t require servicing. This is a big misconception. A new bike needs to be serviced for the first time after being on the road for 30 days. The dealer will offer this service free of cost, so make sure you get the servicing done on time. Any delay or lapse in this area would cause serious damages to the bike in the long run and would hamper its longevity as well.
If you follow these guidelines, your new bike will stay safe and protected and its longevity will increase too.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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When you get a new bike, the first and foremost thing that you must do, without fail, is that you should get a good two wheeler insurance plan. You should buy a new bike insurance plan on priority because it’s very important. But there are also a few other things that you should do as soon as you get the new bike. Let’s find out what they are.
Are you fond of pizza? Then you must have added toppings of your choice to make your pizza more delicious, haven’t you? Your motor insurance policy, though compulsory, also comes with various facets which take your car or bike insurance to another level. The plan provides various additional covers which, when added, increase the scope of coverage available under the plan. These additional cover options require an additional premium payment and are voluntary.
Before you go ahead with buying motor insurance for your vehicle, take a look at the regulations laid down by the supreme insurance regulatory body, IRDA.
You may not realize it, but having an insurance certainly helps by supporting you financially during a crisis situation. Since auto insurance is obligatory in India, it is important to insure your car and to keep the policy documents easily accessible while driving on the roads. If you ever befall an unforeseen situation with your car such as, damage caused due to an accident, theft or any other risk, the car insurance supports you by relieving you of a major financial loss.
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