Necessity of Two Wheeler Insurance

Two-wheelers or bikes definitely let you heave a sigh of relief to reach destination in half the time span

when compared to four wheelers and helps you escape long traffic-jams. But with a robust two-

wheeler, you also need robust 2 wheeler insurance so that you can drive with ease. Think of the

financial trouble that can drain your savings if your bike meets an accident or is stolen or damaged. So,

be prudent enough to select a good insurance plan and save your hard-earned money for the rainy day.

What makes you buy insurance?

Do ask yourself this question as it will help you evaluate your need.

Need insurance just because it is mandatory to buy insurance before setting out the vehicle on

road

Need insurance to save myself and the

vehicle from financial burden and legal liability

if an accident occurs

As per the law it is mandatory to get Third-party

insurance but this basic insurance does not

cover any damage caused to you or your

vehicle. Though this would protect you from the

legal liability if something happens to third-

party’s possessions but would not come to your

heed if anything happens to you.

Hence, understand thoroughly different types

of bike insurance and then choose a plan that suits you the best.

Types of Insurance

Third-party coverage: This insurance is mandatory and would take care of the damage caused to

the third-party, their vehicle or property by your vehicle.

Comprehensive two-wheeler insurance: This insurance takes care of the third-party liability and

also provides protection to your vehicle. It protects your vehicle against theft, damage caused

by natural calamity/accident. In addition, it provides cashless repair advantage to the damages

caused at the network garages wherein the amount is directly settled by the insurance provider

and the garage saving you from shelling out money out of your own pocket.

Accidental coverage: While you are driving, your own life is also at risk. This coverage entitles

you to claim compensation from the insurance company if you meet with an accident while

riding a two-wheeler.

How to get bike insurance?

Getting bike insurance has become quite a simplified

task. You can ask for insurance quotes online by

providing the information about your vehicle.

Generally you need to provide the following details:

Personal details such as your name, city and

age

Make and model of bike

RC details

NCB details, if applicable

The premium is calculated based on the information given by you. Thereafter, you can buy the

insurance policy online if you are satisfied by the terms and conditions of the insurance provider.

Alternatively, you can also contact the agents of the insurance company and seek information in

detail before buying insurance.