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Yet, bike insurance is often purchased in haste without much thought being given to the terms of coverage.
The same trend seems to reflect when people renew their cover.
To help you out, here are 3 mistakes to avoid when renewing bike insurance.
Do feel free to explore other plans that may offer better coverage.
Aggregator websites can help you compare the latest two-wheeler plans so you can select the one that truly gives you the best value for money.
So, a little bit of searching can see you save a lot on your monthly premiums while getting really great coverage.Forgetting the No Claim BonusIf you did not make any claim on your insurance in the past year, your provider rewards you with a discount known as a ‘no claim bonus’ or NCB.
Magma HDI General Insurance India Company offers products for individuals such as bike and commercial vehicle insurance, health insurance, home Insurance, personal accidental Insurance.