Online bike insurance renewal has eased things for a large number of policyholders. If you are one of the busy bike owners who finds it difficult to manage their schedule and time, online renewal is something that you would be grateful for. It saves time as well as money. However, digital insurance renewal is not without its share of misconceptions and myths. The popularity of these myths can stop many new policyholders from benefitting from online insurance services. To avoid that from happening and raise awareness regarding the same, we break down 5 popular misconceptions and explain why they are wrong.
- Renewing your motor insurance online is a troublesome task that only the tech-savvy can manage
This is not true at all. Many people are hesitant to take the first steps towards renewing their policy online because they think that the steps would be complex and complicated. However, it is to be kept in mind that insurers have structured their digital renewal process in such a way that it can be accessed by anyone. All you have to do is log on to the website, add some details, and follow the simple steps as instructed on the page.
- Online renewal puts your bank account at risk
There are many people who believe that since online insurance renewal requires making digital payments, they would be risking their finances. That is not true at all. If you are doing your bike insurance renewal from a reliable and well-known insurer, then you can rest assured as these insurers are very adamant about security. They use safe payment gateways that do not allow anyone else except you and the server to access the information you provide. The information is encrypted and secured with firewalls to keep it safe.
- Insurance policies that are renewed online do not hold much weight
Insurers think of online insurance policies on an equal page with policies bought offline. It does not matter whether you do your bike insurance renewal at the insurance branch or through the company’s website. What matters is that the renewal was completed on time.
- It is difficult to get complete information about the insurance policy online
When you are renewing your motor insurance online, you may want to add more coverage for added protection. Or, you may even want to switch insurers. For this, it is important that you have accurate information regarding the policy and its coverage sections. When doing renewal online, you can access this information through the ‘Downloads’ section that most insurance websites have. The policy wordings can be accessed through these downloads.
- There is a lack of customer support and assistance during online insurance renewal
Having the insurance company’s representative explain the various aspects of the policy can be really helpful. Many people do not want to do their bike insurance renewal online as they think that they would not have access to this support. The truth is that you can always reach out to customer service during the insurance renewal process. If you have any doubts or queries, you can convey the same and they will be answered duly by the support staff.
It is understandable as to why some people might have such misconceptions. However, learning the facts behind them is important and can help you save time and money. So, have you considered doing bike insurance renewal online? Think about it. Take care!