Questions You Should Ask before Claiming TVS Insurance

Posted by priti singh on August 14th, 2019

According to the Motor Vehicles Act 1988, it is clear that you need two-wheeler insurance if you are going to be using a motorbike on the road. After spending hours, talking to your friends and family members, and going through various policies, you decided to go with TVS insurance.

Job well done, right, since you navigated through the myriad of providers, and found the right one. Well, you need to make sure you are making the best choice before you sign any documents and start paying the premium.

What should you learn from the insurance company?

You must know as much as possible about the insurance policy, before accepting their services. Below, you will find a series of questions you need to ask, which will help you understand TVS insurance:

Are there any add-ons for extra coverage?

As you don’t know what can happen when you take your motorbike on the road, you need to protect it from all types of damages. Due to this reason, choosing comprehensive two-wheeler insurance is the best solution.

It will cover the cost for any damage to your vehicle while paying for all the problems caused to the third party. Also, your motorbike depreciates with time, due to which the amount you receive goes down. Find out if TVS Insurance offers zero depreciation, which is an excellent solution to this problem.

How to file a claim?

After you meet with an accident, the next step is to file a claim with TVS Insurance. What are you going to do if you don't know how to complete this process? Also, if you don't provide the necessary information and documents, they can reject your application.

Get in touch with the TVS Insurance provider and ask about the procedure to file a claim. Make a note of all the details, so that the insurance policy will be useful in the future.

What factors affect the premium?

The premium you have to pay for the insurance company depends on a lot of factors. For example, the model and make of the motorbike, your driving record, type of coverage, offline/online policy, ane engine capacity.

The insurance company will also take a look at Insured Declared Value (IDV), which is the worth of your two-wheeler. Keep in mind that the IDV plays a huge role in the size of the premium. If your IDV is high, then you will have to pay a large amount, to get coverage.

TVS Insurance – Yes or no?

Once you ask these series of questions to the insurance company, you will be in a better position to determine whether you are making the right decision. While a cheaper premium is affordable, one with higher costs might be a better deal, especially when you face a problem!

 There are many great insurance providers like Bharti AXA who have great bike insurance policies to choose from.