Why You Should Buy A Two-Wheeler Insurance Policy?

In general, riding a motorbike is thought to be riskier than driving a car, because a motorcycle rider is more vulnerable to danger than someone in a car. In addition, two-wheeler insurance provides risk coverage for self-injury, vehicle damage/loss, and third-party liability. It's a thrilling experience to acquire a bike. When it comes to owning a bike and riding it on Indian roads, you must make sure you obey all rules and regulations. One of these is ensuring that you have obtained insurance for your car, at the very least up to third-party bike insurance. While the law only requires coverage up to third parties, it is highly suggested that you obtain a comprehensive bike insurance policy to get more coverage. This is for a variety of reasons, including enhanced coverage and add-ons. 

Reasons You Should Buy A Bike Insurance Policy

Some of the reasons you should buy comprehensive bike insurance coverage are as follows:

• Defend Against Natural Disasters

One disadvantage of third-party insurance is that it only covers damages to any third parties involved in an accident or collision with you. It would not protect you in circumstances when there is no third party involved, such as a natural catastrophe or a meteorological event. A flood, earthquake, or other natural disaster might occur. When it comes to comprehensive insurance, you are protected in the event of natural disasters.

• Protection Against Man-Made Disasters

You'd also be protected against human-caused harm to your vehicles, such as theft or burglary. Third-party coverage would not protect you in such a case, thus comprehensive insurance is strongly suggested. If you are ever in a terrible circumstance such as theft, it will assist you in recovering a significant portion of your financial losses.

• It also Includes Third-Party Liability Insurance

Comprehensive bike insurance is a hybrid of third-party and own-damage coverage, and it includes all of the benefits of third-party coverage. It will cover any obligations you may incur if you are involved in an accident with a third party, including damage to their vehicle or medical costs. As a result, there's no reason not to get comprehensive bike insurance, which will cover you in all instances where third-party insurance won't.

• The Advantages Of Add-On Covers

Finally, you may purchase add-ons with comprehensive insurance, which are additional coverages that you can acquire for a fee, such as zero depreciation coverage, roadside assistance coverage, and more. These allow you to alter and customize your insurance to ensure that it suits your wants and preferences while still being appropriate for your situation. With third-party insurance, this is not possible.

Features of Two-Wheeler Insurance 

A two-wheeler insurance coverage has the following main features:

• Motor insurance plans, which are part of the general insurance business, are classified as bike insurance policies.
• Motorcycle insurance policies cover the cost of repairs to the covered motorcycle as well as the cost of replacing the vehicle if it is stolen.
• If your two-wheeler insurance coverage is no longer valid, you will be responsible for all damages to your vehicle.
• Natural and man-made disasters such as earthquakes, hurricanes, landslides, riots, theft, explosions, and strikes are all covered by bike insurance plans.
• If your car is lost or stolen, you will get a pre-determined sum insured up to the Insured Declared Value.

Take Away

As you can see, there are several advantages to choosing comprehensive bike insurance versus third-party coverage. Make sure to properly study and compare numerous policies online before deciding on the one that is right for you.

Also Read:

All you need to know about Tata AIG two-wheeler insurance

Why Should You Purchase a Bike Insurance Policy from TATA AIG?

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.