Two Wheeler Insurance
A two-wheeler insurance policy, often known as bike insurance, protects the insured motorbike or scooter against damage caused by accidents, theft, fire, natural calamities, man-made disasters, and total loss. Third-party two-wheeler insurance is required under the Motor Vehicles Act of 1988 for all two-wheeler owners.
Bike insurance is a formal contract between the bike owner and an insurance company in which the insurer offers financial coverage to the bike owner in the event that the bike is lost or damaged due to a variety of unanticipated events.
Why Should You Purchase Two Wheeler Insurance?
Since the entrance of new participants, the two-wheeler insurance market has altered drastically. In India, these two-wheeler insurers have developed a number of features to entice clients from various sectors and meet their demands.
Purchasing a bike insurance coverage is one of the simplest methods to financially safeguard your bike from many unforeseen losses that may arise as a result of an accident.
What is Comprehensive Bike Insurance?
A comprehensive insurance coverage protects you against both your own losses and third-party liabilities. It provides protection against burglary or theft, as well as damage caused by accidents, natural calamities, and man-made disasters, under own-damages. Furthermore, for a small additional cost, you may acquire add-on coverage for certain situations under this plan.
What is Third-party Liability Insurance?
Third-party bike insurance is required in India for two-wheeler owners. This coverage covers losses to a third party, property, or life in the event of an accident. It does not, however, cover loss or damage to your own car.
