Under the Motor Vehicles Act, 1988, it is mandatory to have at least a third-party liability policy for any two-wheeler. There are a number of insurance providers offering adequate coverage at affordable premiums in Faridabad. Motor insurance is a smart investment to make because the risk of accidents on Indian roads is very high. The number of two-wheelers plying the roads has drastically increased over the past few decades and the numbers are ever-increasing.
Finding the ideal policy will depend on your requirements, the coverage you want and the premium you are willing to pay. With so many insurance providers in the country, choosing the best insurance policy can be a daunting task. Some of the popular insurance companies in Faridabad that offer two-wheeler insurance have been listed below.
*Insurance companies have been listed in no particular order.
To make the claims settlement process smoother and easier for all parties involved, insurance companies that provide motor insurance often partner with garages. If a customer chooses to avail repair services from a garage that is within this network, then the insurance company will be able to reduce much of the hassle involved with insurance claims. When it comes to paperwork submission and bill settlement, the insurer will deal directly with the garage. To locate a cashless garage in Faridabad, insurance providers provide the following options:
The main feature of cashless garages is direct settlement of insurance claims between the insurance company and the garage. Apart from this, customers can benefit from a number of other features of cashless garages in Faridabad.
Finding the ideal two-wheeler insurance plan can be a difficult task given the number of options available in the motor insurance market today. To find the most suitable plan for your two-wheeler, these are a few important things to keep in mind:
When you sell you two-wheeler, you can transfer the insurance policy by changing the name to the new owner. If the new owner fulfills the eligibility criteria of the insurance plan, the company will transfer the name. To do so, you can follow the steps given below:
When selling your vehicle, there is a legal process to follow. Ensure that the name is transferred to the new owner so that you are not connected to any future liabilities that may arise in connection with the bike. To transfer the name, you need to visit the Regional Transport Authority (RTO). You need to inform them of the sale of the vehicle and apply for a No Objection Certificate (NOC).
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