Two-wheeler insurance protection cover for any damage happened to two-wheeler or its riders due to some unfortunate events like road accidents, natural disasters, etc. The insurance policy is an absolute solution that will meet up with the high repair costs for the damage aroused after the unforeseen events. This policy covers all the types of two-wheelers including motorcycles, scooters, and moped and is available for commercial and personal use as well.
One can never be aware of the unfortunate events on the road but one can plan it in advance so that the event may not cost him high in the future. The primary reason to own a two-wheeler insurance is to corroborate protection against the third party liability. Now it is compulsory for all the bike owners to have bike insurance, at least a third party insurance as per the Indian Motor Vehicles Act.
A person’s monthly savings play an important role in determining the premium a person can afford to pay on a regular interval basis. If there is a possibility of not paying the premium on time then it will lead to a lapse in insurance plan and the person will not be getting the benefits of the policy.
A two-wheeler policy should provide a good third party cover for the damage occurred to the. Third-party insurance provides insurance against the legal liabilities and it is now mandatory in our country. The policy only covers the policyholders against the legal liabilities that arise due to injuries caused to a third party, property damage or any other loss.
Add on covers is also an important factor for choosing a two-wheeler policy .add on covers includes personal accident cover for the pillion riders, increased coverage for the spare parts and other accessories, zero depreciation and so on.