best insurance for activa
the best insurance for your Activa (a popular scooter brand in India) would depend on your specific needs and preferences. In India, two-wheeler insurance is mandatory, and you have two primary types of insurance coverage:
- Third-Party Liability Insurance:
- This is the basic and mandatory insurance coverage required by law. It covers damages and injuries caused to a third party in case of an accident. It doesn’t cover damages to your own vehicle.
- Comprehensive Insurance:
- This type of insurance provides coverage not only for third-party liability but also for damages to your own vehicle. It includes coverage for accidents, theft, natural disasters, and more.
Here are some factors to consider when choosing the best insurance for your Activa:
- Insured Declared Value (IDV): Choose an insurance policy that offers a fair Insured Declared Value for your Activa. IDV is the maximum amount your insurer will pay if your vehicle is stolen or damaged beyond repair.
- Coverage Options: Evaluate the coverage options provided by the insurance policy. A comprehensive policy may provide more extensive coverage, including own damage, theft, and natural calamities.
- Add-On Covers: Check for additional covers or riders that you can add to your policy for extra protection. Common add-ons include zero depreciation cover, roadside assistance, and accessories cover.
- Claim Settlement Ratio: Consider the claim settlement ratio of the insurance company. This ratio indicates the percentage of claims settled by the company against the total number of claims received. A higher claim settlement ratio suggests a more reliable insurer.
- Network Garages: Check the list of network garages associated with the insurance company. Having a network garage near your location can simplify the cashless claim process.
- Customer Reviews: Research customer reviews and feedback about the insurance company’s services. This can give you insights into the company’s customer service, claim settlement process, and overall satisfaction.
- Premium Costs: Compare premium costs from different insurance providers. While it’s essential to consider cost, prioritize coverage and service quality.
Popular insurance providers in India that offer two-wheeler insurance include HDFC ERGO, ICICI Lombard, Bajaj Allianz, New India Assurance, and others.
Before making a decision, it’s advisable to thoroughly read the policy terms and conditions, understand the coverage inclusions and exclusions, and consult with the insurance provider to clarify any doubts. Additionally, insurance information may have changed, so consider checking the latest updates and offerings from insurance companies in your region.