Top Mistakes to Avoid When Buying Bike/Car InsuranceMay 17

Renew General Insurance

Avoiding common mistakes can save you money and ensure better protection. Here are the top ones to watch out for:

Mistakes to Avoid

  • Not Comparing Policies: Always compare coverage, premium, and claim ratios.
  • Choosing Only the Cheapest Plan: You may miss out on critical coverage.
  • Ignoring Add-ons: Add-ons like zero depreciation and NCB protect your investment better.
  • Not Disclosing Modifications: Hiding vehicle mods can lead to claim rejection.
  • Letting the Policy Lapse: A break in policy = no protection + inspection hassle.

Tip: Use IRDAI-approved portals or aggregators to get the best deals with trusted insurers.