Reasons Why Two-Wheeler Insurance Is Mandatory

Two-Wheeler Insurance


A two-wheeler owner and insurance company sign a contract to compensate for damage caused by accidents, theft, or natural disasters by a two-wheeler insurance.  A similar policy also covers third-party liability and injuries to the insured’s bike.

Is First-Party Insurance Mandatory For Two Wheeler?

Two-wheeler insurance, commonly called a bike insurance policy, is general insurance. The Motor Vehicles Act of 1988 states that having third-party liability insurance is a requirement for driving on Indian roadways.

A two-wheeler insurance plan offers protection against liability that results from injuries to the rider and pillion, as well as third parties, depending on the type of coverage you select.

What Insurance Coverages Makes A Two-Wheeler Policy Offer?

If the motorist is involved in an accident, personal accident insurance pays for a specific insured value and any permanent or temporary disability. Third-party legal responsibility It protects against financial damages incurred as a result of third-party harm.

Man-Made Events: Covers damages brought on by unnatural disasters like strikes, riots, thefts, etc., as well as damage sustained when transporting a two-wheeler through land, air, water, or train. Covers damage from landslides, cyclones, hailstorms, storms, floods, self-ignition, earthquakes, fires, inundations, and other natural calamities.

Several Justifications For Every Two-Wheeler Owner Having A Requisite Insurance Policy:

A two-wheeler has a lot to offer regarding time and resource savings. Many people choose a two-wheeler as a convenient means of transportation in places with traffic and population problems. A two-wheeler owner should obtain insurance for the following typical reasons:

The two-wheeler, however, comes with several risks, including sudden accidents that can injure the rider or the pillion rider, along with ease and other advantages. The owner of the car may incur additional costs as a result of these injuries or damages. The two-wheeler insurance comes in helpful to be ready for any unforeseen dangers and ensures that you are financially secure throughout any two-wheeler-related accident.

Accident risk can occasionally be increased by rash driving by drivers and poor road conditions. Injuries to the rider or pillion rider and damage to the vehicle are all possible outcomes of an accident. In this scenario, the cost of vehicle maintenance or rider medical care may be a financial strain. If an insurance policy were acquired, it would cover all these costs. The financial burden is borne if the vehicle is stolen or other unplanned expenses arise.

The main advantage of having a two-wheeler insurance policy is that it provides financial assistance for any costs associated with vehicle damage brought on by an accident or other natural disaster. The following optional coverage options or add-ons may be available to premium users: Depreciation Reimbursement, Return to Invoice, Engine Secure, Key Replacement, and more. This is why bike insurance is required in India.*

A two-wheeler insurance premium calculatoris a convenient tool you may utilise online to check the amount of coverage required based on your needs.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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