New Delhi: Buying the first car or bike is a very big moment in life for almost everyone. After buying a bike, you have to take a third-party motor insurance policy before taking it on the road. Here we are telling you what special things should be kept in mind while taking a bike insurance policy. So that you get an effective insurance policy.

1. Learn about insurance coverage

Insurance for a bike can be quite expensive, because a lot of money is spent on its maintenance. There are many people who first buy a bike and then find out about buying its insurance. If you find out about bike insurance beforehand, you can save a lot of your time and money.

2. What is included in the coverage

Before taking any bike insurance, definitely check how much and what coverage is included in it. You should check how much compensation you will get from the insurance company for what in case of an accident. The complete coverage of insurance not only covers the damage caused to you and your bike, but also keeps you completely satisfied. Taking third party insurance can also prove to be helpful for you in case of an accident.

3. Learn about extra coverage

If you have an expensive bike, you can get extra coverage for it in the insurance policy. Do check whether things like zero depreciation cover are included in the insurance policy or not. By having this, you will be relieved of the worry that even after a few years you will not have to face any problem in claiming compensation for your bike. If your bike is less than 5 years old, then you must get this.

4. Check the IDV properly

While taking a bike insurance policy, one should know the correct insured declared value (IDV). This is the amount that your insurer will pay you if your bike is stolen or completely damaged. Usually, IDV is not a concern for a new bike, but it should be taken care of during renewal.

5. Do not choose the policy based only on the premium

You should not choose bike insurance based only on the premium. Choose the insurance policy that suits you the most. You should opt for mandatory add-ons like zero depreciation for cashless, consumable expenses, mandatory extras, etc. Avoid choosing your policy based only on the premium, as service and experience are also very important factors.