The rate at which the number of two-wheelers has increased in India is alarming. As per registration records of March 2015, our roads have seen an increase of about 153 million two-wheelers over the past 20 years, Taking this into consideration the high chances of accidents, the Government of India introduced a rule under the Motor Vehicles Act, 1988, making it mandatory for all vehicle owners to have at least a third-party insurance policy.
The best two-wheeler insurance plan differs between customers and will be relative to your requirements, the coverage you want and the premium you are willing to pay. To choose the most suitable policy, you need to do your own research between the different insurance companies and the plans available in the market. Some of the popular insurance companies in Meerut that offer motor insurance for two-wheelers have been listed below.
*Insurance companies have been listed in no particular order.
Cashless settlements make the insurance claim settlement process convenient, easier and quick. Cashless facility is available only if the insurance provider ties up with garages. Customers can get cashless settlements at these network garages. To locate a cashless garage in Meerut, insurance providers provide the following options:
Garages within the network of the insurance company will offer cashless settlements to policyholders. There are plenty of benefits for all parties involved as the turnaround time and hassle is reduced significantly.
There are a few things to keep in mind when buying a two-wheeler insurance policy. This could make all the difference in how satisfied you are with your insurance plan.
When you sell your two-wheeler, there are a few formalities that need to be fulfilled in order to complete the sale legally. These procedures ensure that the previous owner is not held liable for any future incidents that may occur with the bike. To transfer the ownership of the bike, one needs to follow the procedure given below:
The insurance policy on the vehicle can also be transferred to the new owner. This is possible only if the new owner meets the eligibility criteria of the insurance plan. To transfer the insurance policy, one can follow the steps below:
Having a two-wheeler insurance policy is not only mandatory but is a wise decision. It could save you from rising repair and replacement costs, and protect you from third-party liabilities.
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