What Is Multi-Year Bike Insurance?
Many of us start the vehicle-owning dream by buying a two-wheeler. However, owning a bike comes with a lot more responsibilities than one would expect. One of the most significant responsibilities is to purchase a suitable bike insurance. In India, it is mandatory to have at least third-party insurance to ensure the safety of oneself and other riders on the road. You must also renew your policy each year within the stipulated time to continue enjoying the perks of the insurance. But, there are times when you might forget to renew due to unforeseen circumstances. What do you do as the solution for such events? A multi-year bike insurance. That’s right, you can purchase multi-year bike insurance that provides protection from financial losses against damage, theft, or third-party liability for a long duration. Traditional single-year plans require annual renewal, but multi-year policies keep you insured for a few years without the hassles of renewal. This plan also helps you avoid the yearly hikes in premium amounts.
Following are some additional advantages of a Multi-Year Bike Insurance Plan –
It’s clear now that a multi-year bike insurance policy offers more benefits than drawbacks. It packs you with a bundle of long-term coverage in one plan, and that too with a one-time premium payment. Chola MS bike insurance ensures catering to every insurance need and offers comprehensive plans for everyone. Click the link to know more about how we help protect your bike!