5-Point Bike Insurance Checklist While Relocating
It’s important to transfer your bike to the new city during relocation. The same is true for 2-wheeler insurance. Read this post to know some crucial points to remember about your 2-wheeler insurance while you relocate to a new place.
Relocating to a new city is no small task. You got to take care of every small detail to ensure nothing is left behind when you bid adieu to your current place and memories. Similarly, you need to make updates to your 2-wheeler insurance along with relocating your bike.
Following is the checklist to help you organise a smooth transition to a new place for your bike and its insurance plan.
Relocation Period and Re-registration
You don’t need to re-register your bike if you’re relocating to another city for a brief period, say less than a year. However, if you’re moving to a new place permanently or for more than a year, you need to complete the relocation process.
You must transfer your vehicle registration certificate from the existing RTO (Regional Transport Office) to the new RTO. You’ll also need a No Objection Certificate from your nearest police station. Keep the photocopies of the following documents in order during the re-registration process.
- Your Aaadhar and PAN details
- Your Driving licence
- RTO Forms 27 and 28
- Bike Insurance Details
- PUC (Pollution under control certificate
Inform the Insurer
An active bike insurance policy is valid all over the nation. However, it’s important to notify your insurance provider about your relocation to update their data. You can also enquire about the documents required to update your 2-wheeler insurance details.
Relocating to a newer place can be a good time to reassess your bike insurance policy and consider an upgrade. For example, some people may have mandatory third-party 2-wheeler insurance only, which doesn’t cover the damages caused to their own vehicle. However, they might like to purchase comprehensive bike insurance online after moving to a new location.
Explore Additional Coverage
Consider including some useful add-on coverage to your comprehensive 2-wheeler insurance on moving to a new location. This can increase the scope of coverage of your comprehensive plan. You can easily include these add-ons by paying an additional premium while renewing your comprehensive bike insurance online.
For example, suppose you’re shifting to an area where streets get heavily waterlogging during the rainy season, and you have to commute to work daily on your bike. In this case, the engine-protect add-on can be a real financial saviour if your bike engine gets damaged due to water.
Check for Insurance Premium
Some regions are considered more accident-prone or risky than other regions. For example, urban areas with heavy traffic can be considered more accident-prone than small towns or semi-urban areas. Similarly, geographical locations also change the risk factor. Coastal areas can be more prone to floods and storms than inland areas.
Therefore, a bike’s insurance premium can also vary depending on the above factors. So, check how your insurance premium will be affected by the relocation. You may have to pay a lesser premium than before if you’re shifting to an area with a low risk of accidents and vice versa.
Consider purchasing multi-year bike insurance online to get a possible discount on your insurance premium. Besides, it saves you from the hassles of renewing your two-wheeler insurance yearly.
The above information can help you complete the relocation procedure without hassle. With the transfer legalities out of your way, you can now explore the new place on your bike and get ready to create new memories.