Brand new Bike
Getting their dream bike is a very important moment in one life. It not only signifies a moment in self-indulgence but also a self-independence, one might get emotional. This can cause them to become very hastily in their decision-making when getting their insurance. Many just like to avoid all the hassle of research and work and would rather just get their insurance from the bike insurance dealer. This may make them lose on a lot of other offers which they might have taken if would have just looked. Even though it’s not mandatory to get one two-wheeler insurance from a dealer many just don’t like to do the work of going out and getting insurance on their own. Here we are going to take a look at whether should one buy two-wheeler insurance from a bike dealer and why it is not important to get insurance from the dealership.
Bike insurance dealers are your bike dealership where one is buying their dream bike. The dealership offers many customers custom built-in packages which are offered with the bike when one is buying one. These packages offer customers the hassle-free advantage of avoiding putting time into doing their research and getting a cost-effective insurance policy for their bike. What many bike dealers don’t tell their buyer is that they have already tie-ups with an insurance provider from which they will get a commission when selling their policy to the buyer. This can affect not only one budget in getting bike insurance but also they might have to pay higher premiums if they are not attentive to the details.
According to the Competition Act 2022, India’s CCI has declared that it is not compulsory to buy bike insurance through a dealership. The customer can easily go into the market and get the insurance policy for their bike from the insurance provider which meets their requirements if they wish to. Many customers often fall prey to the lucrative offers on insurance when buying one bike from the bike dealership, this can cause them to pay a higher premium or overall higher markup on their bike as many dealerships don’t tell them about the various other insurance policy which is available for them and get a commission for selling the insurance policy with their tie-up insurance company. The following are reasons why one should consider buying their insurance policy from the open market instead of the dealership:
One must always be careful when getting their insurance policy for their bike from a dealer as it can affect their overall budget. Today many customers want to avoid the hassle of doing their research and getting insurance for their bikes from the market. This can cause them to lose a cost-effective insurance policy that can meet all their needs. Many bike insurance dealers don’t tell the customers about the details of the insurance such as NCB, premium discount, liabilities, policy tenure, deductibles, and add-ons that they are going to get in the insurance. Hence, customers need to research their insurance and get the one that is beneficial to them. Now one can easily get the insurance policy for the bike from Quickinsure by visiting their official website- https://quickinsure.co.in/ and browse various insurance plans and choose the one which meets their requirement.