Hero bikes are some of the best-selling two-wheelers in India. The company offers numerous bikes in different price ranges. People who ride bikes for passion are very particular about maintaining their bikes. They take optimum care and get it serviced regularly to ensure optimum performance. Also, they purchase a bike insurance policy to boost protection based on their needs.
There are two types of insurance for 2-wheelers – third-party liability-only policies and comprehensive bike insurance policies.
Many providers offer comprehensive Hero bike insurance plans that are designed to offer maximum protection to Hero Bikes. When you decide to purchase a two-wheeler insurance plan, make sure that you compare two wheeler insurance providers and policies and choose the features based on your expected use of the bike.
Online Bike Insurance
Traditionally, buying a bike insurance policy was an offline process where the bike owner needed to visit the insurer’s office or an agent’s office, submit documents, and receive the policy via post. With digitization changing how we buy products and services, many insurers have started offering online two-wheeler insurance plans. Online availability of these policies has made it easier for people to look for the right plan and complete the buying process in a hassle-free manner.
How to Quickly Buy Hero Bike Insurance Online?
- Visit our official website of the insurance provider
- Provide the registration number of the bike
- Choose the insured declared value (IDV)
- Enter personal details and information about the bike
- Provide details about any claims made in the past
- Choose add-on covers, and the voluntary deductible carefully
- Review the quote
- Pay the premium online
- Receive the policy documents at your registered email address
Which Type of Insurance Do You Need?
In India, it is mandatory to have a third-party bike insurance policy for every two-wheeler. These policies offer coverage for damages to a third-party vehicle, property, or person due to an accident caused by the insured bike. However, they do not offer coverage for damages to your bike. Any repair costs of the insured bike have to be managed by the policyholder. Hence, if your bike is old and the premium cost is way higher than the anticipated repair costs, then you can opt for the third-party liability-only bike insurance plan. However, if you are looking for complete protection from damages to your bike, as well as third-party liabilities, then you must consider buying a comprehensive Hero Motorcycle Insurance plan.
Should I Buy Bike Insurance Online or Offline?
While most people prefer buying two-wheeler insurance online since it offers maximum control over the buying process, some bike owners still prefer doing it offline. However, it is important to remember that the process of buying Hero motorcycle insurance online is much faster compared to buying it offline. Also, the costs of Hero insurance for bikes will be higher in the offline mode since you will have to factor in commissions and agent fees. Hence, make sure that you consider all aspects before deciding.
Can I Cancel My Hero Bike Insurance Midway?
While many people believe that a bike insurance policy cannot be cancelled mid-term, the fact is that you can cancel your Hero Bike Insurance policy at any time during the policy period. Every insurer has certain terms and conditions regarding policy cancellation that you must go through before making the decision. Also, remember that you need to have active third-party bike insurance coverage at all times. Hence, before cancelling a policy, make sure that you have another one active.
Summing Up
If you are planning to buy a Hero Bike, please take some time to think about the type of bike insurance you need. Think about how you plan to use the bike and your riding history. This will help you choose the perfect bike insurance plan that offers optimum protection. Also, by choosing to buy bike insurance online, you have a cost-efficient platform that allows you to go through numerous plans before finalising.
