4 Reasons You Should Buy A Comprehensive Bike Insurance Policy
Updated On May 24, 2021
There are a host of reasons why a comprehensive bike insurance policy is advisable for you. Let’s read all about it.
When you purchase a bike, it is a very exciting moment. However, it also comes with a great deal of responsibility. You must make sure you follow all rules and regulations with regards to owning a bike and plying it on Indian roads. One of these is making sure that you have purchased insurance at least up till third party bike insurance for your vehicle. However, while the law mandates only up till third party, it is in fact recommended that you purchase greater insurance coverage by purchasing a comprehensive bike insurance policy. There are a variety of reasons for this, from better coverage to add ons. Let’s read about these in detail.
Reasons To Purchase A Comprehensive Bike Insurance Policy
The following are some of the reasons you should purchase a comprehensive bike insurance policy:
1. Protect Against Weather Calamities
One shortfall of third party insurance is that it only covers the damages sustained by any third party involved in an accident or collision with you. It would not cover you in situations where a third party is not involved, such as a weather calamity or natural disaster. This could be a flood, earthquake, or any other natural calamity. When it comes to comprehensive insurance, you are covered in case of damage sustained by natural calamities.
2. Cover Against Man Made Acts
Furthermore, you would be covered against man-made acts of damage to your vehicles, such as theft or burglary. In such situations, third party coverage would not cover you and thus comprehensive insurance is highly recommended. It would help you regain a considerable amount of the financial losses if you are ever in an unfortunate situation such as theft.
You May Like To Read: Understand Theft Cover of Two-Wheeler Insurance Plans
3. It Includes Third Party Insurance
Comprehensive bike insurance is in fact a combination of third party insurance and own damage insurance, and thus it has all the benefits of third party insurance. It will take care of any liabilities you acquire if you are in an accident with a third party, for example damage to their vehicle or hospital bills for the third party. Thus, there is no reason not to avail of comprehensive bike insurance as it would cover you in all the scenarios that third party insurance would.
4. Benefit Of Add Ons
Finally with comprehensive insurance, you are able to purchase add ons, which are additional coverages you can purchase at an additional premium, such as zero depreciation cover, roadside assistance cover, and more. These allow you to tweak and customise your policy to ensure it meets your needs and preferences and is suitable for your circumstances. This is not available with third party insurance.
You May Like To Read: Two Wheeler Insurance Add-ons
As you can see, there are a host of reasons to opt for comprehensive bike insurance over third party insurance. When selecting your policy, make sure to thoroughly research and compare different policies online, and select the one that is best for you.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.