Do You Need to Know Your Two-Wheeler's Variant for Insurance on PolicyBazaar?

Understanding the Importance of Variant Name in Insurance

When it comes to securing the right kind of coverage for your two-wheeler, it is essential to have a clear understanding of your vehicle's variant name. This crucial information is not just about identifying your vehicle, but it plays a significant role in the insurance process. Misunderstanding the importance of the variant name can lead to serious issues, such as denied claims and incorrect premiums. Therefore, before you proceed with purchasing a two-wheeler insurance plan from PolicyBazaar or any other platform, it is crucial to know the correct variant name of your vehicle.

Why Is the Variant Name Crucial in the Insurance Process?

A big no! The variant name is a vital component when it comes to your two-wheeler insurance. This identification number serves as the key link between your vehicle and the insurance policy. First and foremost, it ensures that the claims process is accurate and fair. If there is a discrepancy in the variant name, the insurance company might not be able to process your claim rightfully. This complexity is further emphasized by the significant impact it has on the premium calculation. Each variant is evaluated for its carrying capacity, engine cubic capacity, and other factors that determine the quoted premium. Any mismatch in these details can lead to a wrong premium computation, potentially resulting in unnecessary financial burden for you. Moreover, if changes need to be made to the variant in the future, the insurance company might not be able to accommodate it, especially if the premium mismatch is too significant.

How to Find Your Two-Wheeler's Variant Name

It is crucial to know the variant name to avoid these pitfalls. Here are some effective ways you can locate this important information:

Vehicle Identification: The variant name is often painted on the vehicle, usually under the steering or front fender. Take a close look at your bike and locate this information.

Purchase Bill: Your vehicle purchase bill will contain all the necessary details, including the variant name. Keep it safe in a secure place, as it is an essential document when dealing with insurance.

Registration Certificate (RC Book): The RC book, also known as the Blue Book, is a critical document that contains every detail related to the vehicle. It is a handy source to find the variant name.

Dealer Records: If you are unable to find the variant name on your own, contact the dealer from whom you purchased the vehicle. They can provide all the necessary details.

Prior Insurance Policies: Review any previous insurance policies related to your two-wheeler. These documents often contain the variant name and other useful information.

Why Professional Advice is Recommended

Furthermore, it is highly recommended to consult with an insurance advisor or your bank before purchasing the insurance. This professional guidance can ensure you have a better understanding of the product benefits and the claims process. While online platforms like PolicyBazaar offer convenience and accessibility, there is no substitute for personalized advice. An insurance advisor can help you navigate the complexities associated with choosing the right insurance plan, ensuring that you are fully informed and prepared.

It is worth noting that online purchasing might seem convenient, but it often lacks the personalized touch and expert advice that can make a significant difference. Partnering with a professional will provide you with peace of mind and ensure that you make the best decision for your two-wheeler insurance needs.

Conclusion

In conclusion, knowing the variant name of your two-wheeler is indispensable when purchasing insurance. It ensures the accuracy of claims, helps in the correct premium calculation, and avoids potential discrepancies. While online platforms like PolicyBazaar can be convenient, seeking professional advice is highly recommended for a thorough understanding of your insurance options and the claims process.