Two Wheeler Insurance
What is Bike or Two-Wheeler Insurance?
Bike & Scooter insurance, often known as two-wheeler insurance, protects your two-wheeler from harm caused by theft, fire, natural or man-made disasters, and accidents. In addition, the motorbike insurance policy offers legally required protection against third-party liabilities, such as harm to another person’s property or car or injury to third parties brought on by the insured two-wheeler. To obtain coverage for vehicles such as motorcycles, scooters, mopeds, etc., you can purchase two-wheeler insurance.
POLICY DEKH
Reasons to buy Two-Wheeler Insurance
Financial Coverage
Having a bike insurance coverage will provide you with financial protection against unforeseen situations such as losing your bike, having it stolen, or experiencing significant damage to it.
Add-ons
You may add on a variety of features to your two-wheeler insurance policy, including roadside assistance, zero depreciation coverage, and key loss coverage. Although these add-ons come with higher rates, they also provide more protection.
Legal Mandate
It is necessary to have at least a third-party bike insurance policy in order to comply with the Motor Vehicle Act of 1988. If you are discovered to be riding without a current two-wheeler policy, you will avoid having to pay large fines.
Personal Accident Cover
Additionally, all bike owners must have personal accident coverage. This coverage offers up to Rs. 15 lakhs in financial protection in the event that the policyholder passes away tragically.
No Claim Bonus Benefit
A policyholder receives a No Claim Bonus if they file no claims during a specific year. For this reason, you can benefit from NCB and pay less for your bike insurance coverage when purchasing it.
Coverage for All Two-wheelers
Financial coverage for damage to any type of vehicle, including mopeds, motorcycles, scooters, and others, is offered by a two-wheeler insurance policy.