The number of two-wheelers in India have risen at an alarming rate over the past few decades. With this rise, the rate of accidents has also skyrocketed. Taking this into consideration, 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. There are a number of insurance providers in India that offer two-wheeler insurance policies in Vadodara.
Finding a suitable insurance policy for your two-wheeler in Vadodara can be a difficult task on account of the abundance of policies available from different insurers in the country. 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. Some of the popular insurance companies in Vadodara that offer motor insurance for two-wheelers have been listed below.
*Insurance companies have been listed in no particular order.
Insurance providers tie up with garages to make the insurance process easier. With cashless settlements, there is minimal involvement required from the customer. The paperwork submission is handled by the garage and the bill settlement is taken care of by the insurer. To locate a cashless garage in Vadodara, insurance providers provide the following options:
Garages within the network of the insurance company will offer cashless settlements to policyholders. There are a number of other benefits associated with cashless network garages.
With so many options in the market, finding a suitable two-wheeler insurance plan can be a difficult task. There are a few important things to bear in mind while purchasing an insurance policy for your bike.
There are certain legal procedures that must be fulfilled when you sell your bike. To make sure that in the future you will not be connected to any liabilities that may arise, you need to transfer the ownership name of the vehicle to the new owner. You can do this paying a visit to the Regional Transport Authority (RTO). Inform them of the sale of the vehicle and request to transfer the name. You can then apply for a No Objection Certificate (NOC). They will make the transfer.
When it comes to your insurance policy, you can also transfer this, too, by changing the name to the new owner. As long as the new owner fulfills the eligibility criteria of the insurance plan, the insurance company will have no objections. To complete the insurance transfer, you can follow the steps below:
Transferring insurance policies ensures that you retain your NCB, while reducing the hassle of closing the policy. It could also helps fetch a better second-hand price on the vehicle.
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