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Given the current traffic conditions, having a two-wheeler makes it possible to reach any place you want. However, accidents are unexpected, so it is best to secure your vehicle ahead of time with an adequate insurance policy. It is also mandatory to obtain at least third-party bike insurance. People frequently don’t give bike insurance much thought and merely purchase it as a formality. Two-wheeler insurance third-party insurance choices can help you make better decisions.

Later on, people have difficulties understanding the policy wordings and absorbing all of the jargon. However, if you are cautious and avoid the pitfalls listed below, you will have a fantastic deal.

  1. Proper research was not carried out.

When people purchase two-wheeler insurance coverage without paying close attention, they wind up spending more money than they should. First, determine what type of policy you want, then conduct thorough research and review all accessible possibilities. This way, you’ll be aware of all the plans on the market and will be able to receive better concessions. Make sure you understand the items that are covered under a third-party policy and what is covered under a comprehensive policy.

  1. Missing Out on NCB Claims

If you do not file a single claim during the policy period, the insurance company will give you a concession on your premium amount when you renew your policy, known as a No Claim Bonus (NCB). The concession will be applied to the upcoming year’s premium. If you change insurance companies, the NCB can still be transferred because it belongs to you, not your bike. To save money on your two-wheeler insurance renewal, avoid filing claims for small losses. These things, such as minor scratches, can be paid for out of pocket. * ##

  1. Buying Only Less Expensive Insurance and Being Underinsured

Most consumers believe that acquiring an expensive policy is a waste of money since they base their decision on price. You may believe that by purchasing low-cost coverage, you will save money while also insuring your bike. However, I regret to inform you that this is not how it works. ##

If your insurance policy is less expensive, you should investigate the scope of coverage it provides. If you choose only an economical two-wheeler insurance policy with insufficient coverage, you will suffer significant damages if your bike is involved in a traffic accident someday. As a result, constantly evaluate numerous policies online and choose the insurance that will be adequate for you. You can use the premium calculator provided online to estimate the cost of your coverage before purchasing it. An online calculator will help you understand the difference between an economical-only policy and one with real value.

  1. Disregarding the Policy Document

Most of you make the error of not reading the policy documents. Anyone considering purchasing a new insurance policy should properly read the policy wording. The reason for this is that it contains the terms and conditions, exclusions and inclusions, and so on of your individual policy, which could be third-party insurance for bikes or comprehensive coverage that will assist you in how to claim two-wheeler insurance. There’s a chance that the coverage you’re looking for is on the list of ‘exclusions,’ and if you discover this while claiming, you won’t be allowed to use your policy. As a result, it is recommended that you comprehend all of the policy’s benefits and cons before making a final selection.

Now that you know what frequent mistakes people make when purchasing a two-wheeler insurance policy, you can go ahead and acquire one without making any mistakes. Also, make sure to purchase your insurance coverage online, as this will make the entire process much easier for you.

* Standard T&C Apply

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Let’s examine a few instances better to comprehend the causes of a flight’s cancellation:

  • Bad weather, such as typhoons and thick fog.
  • Bankruptcy of the airline industry
  • Any calamity caused by nature, such as earthquakes, floods, etc.
  • Any strikes or other protests by the staff of the airline

Your cancellation fees will be reimbursed by the airline in such situations and for any other carrier-related causes. *

If your flight is cancelled, will you get compensation?

Yes, to answer briefly. If one of the reasons you were insured for results in a cancellation, interruption, or rescheduling, you will be paid. Your flight could be cancelled for a number of reasons, including unforeseen technical difficulties, natural disasters, terrorist acts, or unfavourable social or political circumstances. *

What happens if a trip is cancelled with travel insurance?

There are several factors to take into account if you decide to cancel your vacation. You ought to be well informed of the benefits of your policy’s travel insurance cover in this situation. Here are a few illustrations to help you understand:

  • You or anybody travelling with you becomes ill (including COVID-19) or is involved in an accident
  • In the case that a member of your immediate family passes away
  • You, any fellow passengers, or a loved one has an injury that makes travel impossible.

If you don’t have travel cancellation insurance in such a situation, you won’t be reimbursed for your flight tickets, reserved lodging, etc. Therefore, it is strongly advised that you obtain the finest flight ticket cancellation insurance coverage as soon as you have bought your tickets in order to prevent losses.

How can I make a claim for my flight insurance?

Find out how to submit an insurance claim for a cancelled flight under your flight travel insurance policy:

Step 1 is to explain the cancellation to your insurance company.

Step 2: Submit any necessary paperwork, including a claim form that has been properly filled out, a copy of the communication with the airline attesting to the cancellation, original receipts, and any other pertinent paperwork.

Please be aware that if you don’t cancel your flight at least 24 hours before its scheduled departure, most insurers won’t accept any flight cancellation claims. In addition to this, a variety of other factors could influence your pay.

When is it not possible to get compensation for a cancelled flight?

Travelling provides an escape from the monotony of daily life, but airline cancellations not only mess with your plans but also cost you money. In such circumstances, flight travel insurance plans aid you with the reimbursements. Below are some circumstances when you won’t be reimbursed:

  • Cancellations because of depression, anxiety, drug or alcohol misuse, and other nervous problems
  • Because of any cosmetic procedure that wasn’t caused by accident
  • Pregnancy-related cancellations and other relevant difficulties
  • If you travelled with a pre-existing ailment against your doctor’s advise
  • Issued strikes and labour disputes before you bought the travel insurance from India,
  • Cancellations brought on by the negligence of the transport company or agent
  • Any delays brought on by the port authority’s and other comparable organisations’ directives

To sum up, any circumstance could arise and force you to change your plans. This is why it’s crucial to have a robust travel insurance strategy. You should also check to see if your issue is covered by your travel insurance from India.

You won’t be able to make a claim for reimbursement under your flight cancellation insurance if it isn’t. As a result, you need to carefully study the terms of your international travel insurance coverage. Before you buy travel insurance online, your must comprehend your travel insurance policy’s eligibility and choose the best option for your particular circumstances.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Source: https://www.policybazaar.com/travel-insurance/articles/how-to-claim-travel-insurance-for-flight-cancellation/

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