GENERAL INSURANCE BLOG

Your bike reminds you of road trips with friends and many other memories. But after a few years of use, there comes a time when you realize that you don't really need it now. Either you've outgrown your bike, upgrading to a four-wheeler or for any other reason, you have decided to sell your bike.

At this time, you want a good resale value for your bike and the key to a good resale value is finding a genuine buyer who can pay the highest price for it. But, before that, there is a crucial step of valuation to determine the offer you expect to get.

Read ahead to know what you should keep in mind while selling your two-wheeler at a high resale value.

Valuation: Numerous factors influence the value of a used vehicle. Several websites and tools are available online to calculate and provide you with an approximate resale price for your vehicle. You may also go to your local garage and ask for their opinion on the matter.

A few of the primary deciding factors are age, model, kilometre run, insurance record, ownership (whether it's first-hand or second-hand), overall condition of the vehicle, and engine. Always remember that getting a good value for your bike depends on the bike's physical condition and your negotiation skills.

Documentation check: To get the best valuation of your bike, ensure all the documents like the registration certificate and bike insurance policy are with you. The documents transfer process should be conducted in the new owner's name as soon as the payment is made.

Along with the RC and Bike Insurance Policy, the other required documents are Road Tax Certificate, Form 28 – Application, Grant of No Objection Certificate, Form 29 – Notice of Transfer of Ownership of a Motor Vehicle, and Form 30 – Application for Intimation and Transfer of Ownership of a Motor Vehicle.

You may visit your nearest RTO office for further details on the matter. You'll be given instructions to send certain documents and forms to the authorities, thus intimating them about the change in ownership and sale of your two-wheeler. You shall receive an acknowledgement providing that you submit the authentic documents.

Timely transfer of the mandatory third-party liability is essential. If the sold bike is involved in any accident and the insurance is not transferred, the original owner is held liable.

Finding a buyer: The most important thing for a good value is finding a buyer who is willing to pay you a good amount for your two-wheeler. There are two good options you can choose from to find the perfect buyer:

1. Local garages – It is an old-fashioned way of reselling goods, still one of the quickest to avail cash. The advantage of selling your bike at a local garage is that the finalization of the deal is often done the day you walk in. It is generally preferred to sell a thing locally to avoid processing fees.

2. Online Markets – It's becoming another popular and easy way to sell your old bike. There are multiple websites like OLX and eBay wherein you can upload a few pictures plus provide an in-depth description of your vehicle, and the interested buyers contact you.

Always be patient and wait for a few good offers while selling your bike. You might have to deal with a rookie with no knowledge, like a first-time buyer or an expert in the field who regularly deals with such negotiations. The key here is your negotiation skills. So be confident about your vehicle and your valuation, and you will surely find a good deal.

YOU CAN RENEW YOUR OLD BIKE INSURANCE ONLINE HERE…

Lubricating the car is essential to ensure your vehicle's overall fitness and functionality. The regular oil change is relatively an affordable maintenance task your vehicle requires, but the more important question is: How often should you change your engine oil? This entirely depends on the car’s usage. As a driver, you must look for typical signs your vehicle displays when it needs an oil change. You must detect the hints in advance to prevent them from developing severe damages.

This article will explain the top eight signs to heed that indicate an immediate oil change for your car.

• Check the oil change light. The engine sign will turn on if there isn’t enough oil in the engine. So, check the tank to discover what’s going on when the engine sign flashes.

• Engine knocking and noises. The oil acts as a friction barrier between engine components, preventing them from brushing and keeping the engine running silently. The engine noise will get intensified if the oil isn’t working perfectly.

• Change in the colour of the oil. The oil becomes darker and loaded with particles gathered from the engine as it gets utilized. Check your engine oil at least once every month by removing the dipstick from the oil tank. Make sure to wipe it clean before replacing it.

• Smoke from the exhaust. Your car’s exhaust always emits clear gas. But, if you observe smoke coming out from the exhaust, it’s time for a thorough engine inspection. It’s possible that you have a defective engine part or probably an oil leak.

• The odour of oil around the car. When you smell oil inside your vehicle, it’s usually a symptom of an oil leak. The car may overheat if you smell gasoline or vapours. In that case, you should schedule servicing right away after experiencing this.

• Excessive Travel. Consider an oil change quicker than the standard interval if you drive excessively. For example, you should change the oil every 10,000 km or half a year in new cars. For older cars, consider using high-mileage oil and change that every 5,000 Km.

• Fuel efficiency is poor. You would observe a decrease in fuel economy. However, this might indicate other issues with the fuel system, engine, or exhaust system. But an engine may fail to function if it isn’t getting adequately clean oil.

• The engine keeps stopping. If your car has been experiencing repeated engine difficulties, you should examine it. If your car stalls or feels like the engine seizes up at times, you might have low engine oil, poor oil, or an oil leak.

Only knowing how to drive a car isn’t enough; maintaining it is just as necessary. As with every other machine, your car won’t perform the best if not taken care of regularly. If you don’t change your car’s oil regularly, its performance can degrade quickly, resulting in catastrophic damage to your vehicle.

To avoid the consequences, you must watch out for indications that lead you to the warnings of an oil change. Like oil, your car insurance is another thing that needs continual renewal. Car insurances are financial saviours and are required when they are about to expire. Do not forget to check out your car insurance renewal dates and keep them updated to enjoy the uninterrupted benefits of the existing policy.

For your car insurance renewal, click HERE .

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

A shiny car with an attractive colour is a head-turner for anybody. After all, it's also a reflection of your personality. Yet, a few years down the line, the paint on the car usually loses its sheen and begins to look dull and dead. Failure to provide regular care to the car paint is the most common error car owners make.

Getting a brand new paint job can be heavy on your pockets and lower the value of your vehicle, but if you take care of things, your car's paint lasts for years. Along with below mentioned little important tips about proper care of the car's paint, we also recommend you to possess a car insurance that offers you coverage against any damages to the vehicle. You can also check online car insurance for the best premium.

1. Cover up your Car: Sometimes, the simplest of things are the most efficient ones. For example, putting a cover on your car for as long as possible is the key to preserving the paint. Also, owners who park their vehicles in an open area have to take special note of this point as their cars are more prone to damage by bird droppings, direct sunlight, and dust.

2. Regular Car Washes: A car wash at regular intervals would go a long way in protecting the paint of the car. However, only washing won't help; you need to wash it correctly to get the best results. For that, use a sponge, and a car shampoo specially made to suit a car's paint. Never use detergents and cloth. They cause more harm than good.

3. Drying is Equally Important: Washing alone isn't enough. If you leave your car to dry on its own, you're doing it wrong. The leftover water can cause a lot of damage to the paint. Always dry your vehicle right after a wash, that too in the correct way. Use a microfiber towel or a weave fibre cloth for the drying process.

4. Wax your car. Do not polish: While both of them are the techniques to bring out the sine on your car, there's a big difference between them. Polishing brings out the lower layer when a layer of the paint job is removed. On the other hand, waxing adds an extra layer of protection to the paint and is always suitable for your car.

5. Repair the damages: If your car has suffered from scratches and rust already, take the help of a car paint shop and repair the damages. The longer the scratches stay, the harder it takes to treat them and may permanently damage the paint job. The minor scratches can cause a lot of damage to the surrounding area of the body paint. So do not neglect these minute things and fix them before they create trouble for your car.

Additional coatings like vinyl wraps, paint protector film, and clear coat protectors can bring an extra layer of security for your car paint. Following these simple tips will surely turn your dull looking car into a shiny prize. As stated earlier, pick a suitable online car insurance plan as early as possible that will benefit you and your vehicle for an extended period.

CLICK HERE TO CHECK THE BEST ONLINE CAR INSURANCES THAT YOU CAN PURCHASE RIGHT NOW, SITTING AT THE COMFORT OF YOUR HOME… 

Two-wheelers are the most preferred travelling option for people from home to the workplace as they help your way through traffic smoothly. Moreover, as they have become daily support for middle-class families, many have dreamed of buying a two-wheeler, mainly since the pandemic emerged.

There are plenty of benefits to buying a second-hand two-wheeler. But before you purchase one, there are a few important things you need to keep in mind to ensure that you get the best value for money. For example, you don’t want to buy a vehicle that troubles you with additional money on maintenance or repair.

Below are a few tips to help you get the best deals for your second-hand two-wheeler.

1. Understanding the purpose of your vehicle:
If you need a vehicle for long trips, you will have to search for a high-performance touring bike to make your journey pleasant. Similarly, if you need a two-wheeler for your daily use, you may look for a comfortable motorcycle or scooter with a decent average.

2. Finding where you can purchase two-wheelers:
There are plenty of resellers available, both online and offline. You can directly approach offline showrooms of used two-wheelers or ask your friends for referrals. You can also check for resellers online to find a credible seller. It always helps if you connect with them in person and understand all the details.

3. Check the two-wheeler thoroughly:
Sometimes what you see online can be deceiving. Therefore, it is essential to check the vehicle personally. When you check the two-wheeler in person, you can observe the minor details such as any scratches, dents, and how well it is maintained. No matter where you buy the vehicle from, there are two necessary checks:

• Mechanical check

• Paperwork

In mechanical check, always look out for any rust, scratches, engine check, oil check, oil leakage (if any), dents, mileage, accident damage, brakes, air cleaners, gears, clutch, how many kilometres it has run already, and more.
Similarly, you need to check for a PUC certificate, RC book, service history, tax certificate, NOC, and more for paperwork.

4. Ask for a test drive:
The best way to know if the vehicle works appropriately and suits you the best is to take a test drive. Taking a test drive will help you understand if you are comfortable with the bike’s performance and power. Even if your bike looks perfect, it may not be a comfortable ride for you. Therefore, ensure that you do not miss out on the test drive.

5. Know the market value and negotiate well:
Once you are satisfied with the vehicle’s condition and the documents, you can do thorough research online about the current market value of the two-wheeler you are purchasing. You can talk to the seller and negotiate for the final price you are willing to pay. Once you and the seller come to a final price, you can sign the official paperwork and make the payment!

The tips mentioned above can help you pick the best two-wheeler and ensure that you are getting the best deals! But remember that buying a second-hand two-wheeler is just the first step. You need to ensure its safety by adding a layer of protection in the form of 2 wheeler insurance. You may opt for 2 wheeler insurance online and avail exciting deals and lower premium options offering the best value-to-your-money.

Click HERE to buy 2 wheeler insurance online for your two-wheeler.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.