The rise in the number of vehicles on the roads in India have contributed to a rise in the number of accidents. Allahabad, much like many other cities of India, has seen a constant increase in the number of vehicles that hit the road every day. In light of the increased chances of accidents and the problems that surround it, the Government of India made it mandatory to have at least a third-party liability policy for two-wheelers. Liability-only policies cover the costs incurred by a third-party in an accident will be covered. Taking into consideration, the traffic and the condition of the roads, it is advisable to buy a comprehensive policy that will also cover costs of own damage, injury, disablement and death.
Customers in Allahabad have a number of insurance companies to choose from when they decide to buy a two-wheeler insurance plan. Most of these companies perform in the top ranks and are good options.
*Insurance companies have been listed in no particular order.
At present, most insurance companies provide cashless settlement options. This facility is available through a tie-up between the insurance provider and garages across the country. Customers can then get their bikes repaired and the respective insurer will pay the garage directly. Customers simply need to fill up a form and provide their policy number to the network garage. This option also reduces the out-of-pocket expenses of the customer. To locate a cashless garage in Allahabad, insurance providers offer the following options:
Customers who want to make use of the cashless option will have to get their two-wheeler repaired at a network garage. The garages that are tied up with the insurance provider will fall under the cashless garage network. This facility has a number of benefits and works in favor of all parties involved. Some of the main benefits of cashless garages have been listed below.
Since insurance is mandatory, many people tend to just buy the minimum policy required without checking the benefits. Sometimes paying a slightly higher price could fetch a larger basket of benefits. Many people just blindly pick up any bike insurance policy but there are a number of factors that need to be considered in order to get adequate benefits for the cost of the plan.
When buying or selling a two-wheeler, there are certain requirements that must be fulfilled. To ensure that the seller is not responsible for any liabilities that may arise in connection with bike in the future. A transfer of ownership must be done so that the buyer becomes the new registered owner. One needs to submit a Transfer Vehicle Ownership application to the Registering Authority that has jurisdiction over the place where the buyer and seller reside or conduct business. The fee will be charged for this service. A few documents such as Certificate of Registration, NOC, Pollution Under Control Certificate, Certificate of Insurance, proof of residence, and so on, needs to be submitted. The Registering Authority will make the transfer once everything is submitted.
To make this process easier, there is also an option to transfer name of the existing insurance policy on the bike. All the customer needs to do is:
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