Avoid These 7 Common Mistakes When Transferring Bike Insurance – Stay Covered, Stay Confident!

Neglecting Personal Accident Cover

Personal Accident (PA) Cover is compulsory for all bike owners, offering financial protection in case of accidents. Ensure this cover is active during the transfer to maintain continuous protection

Overlooking No Claim Bonus (NCB) Transfer

NCB rewards claim-free years with premium discounts. When transferring insurance, ensure the NCB is correctly transferred to retain these benefits.

Providing Incorrect Information

Errors in personal or vehicle details can lead to claim denials. Double-check all information during the transfer process to avoid discrepancies.

Not Updating the Registration Certificate (RC)

The insurance policy must reflect the current owner's name, matching the RC. Ensure the RC is updated promptly to validate the insurance coverage

Ignoring Vehicle Modifications

Any modifications to the bike should be disclosed to the insurer. Undisclosed changes can affect claim outcomes and may void the policy.

Not Choosing the Correct Insured Declared Value (IDV)

IDV represents the bike's current market value and determines the sum insured. Selecting an inaccurate IDV can lead to inadequate compensation or higher premiums.

How Jio Insurance Broking Assists in Seamless Transfers

Jio Insurance Broking offers a streamlined platform to compare, buy, and renew bike insurance policies. With features like instant policy issuance and a range of add-ons, transferring your bike insurance becomes hassle-free

Transferring bike insurance is more than a formality; it's a safeguard for your financial and legal well-being. By avoiding common pitfalls and leveraging services like Jio Insurance Broking, you ensure a smooth transition and continued protection on the road.