Two Wheeler Insurance – A must When Buying a Two-Wheeler

by Kirti Saxena Kirti Saxena is a web enthusiast and a writer Petrol prices are on the rise and faced with recession and inflation at the same time there is little that one can do to protect assets. Bikes and scooters in Indian households are of immense importance and as such deserve to be maintained and prevented from theft and other such perils. While driving on the road it is more important to prevent accidents and prevent yourself from injury and cause any third party injury. The best way to go about is to have two wheeler insurance for your vehicle.

Scooters and motorcycles are cheap and fun rides. The parking is easy and look good as well.. Faced with rising prices they offer the best alternatives to cars. Owning a vehicle is a responsibility that needs to be handled properly. According to Indian law all vehicles plying on the roads need to be insured. In order to be safe one must not only have a proper license, wear the right helmet but also follow the rule regarding two wheeler insurance. Insurance coverage for two wheelers can be comprehensive which would include third party liability and own damage coverage. The sum insured should correctly reflect the market price of the vehicle, also known as the insured’s declared value. There are various factors that go into the calculation of the premium; various add ons that offers multiple benefits and discounts, so choose after careful deliberation. While buying two wheeler insurance, the factors that matter are - age of vehicle, market price, type of coverage, etc.  Read the policy wordings before purchasing the insurance to ensure that you get the right deal in terms of coverage if any incident happens. Ensure that if you have no claim bonus, it is carried forward and you get justified discounts while renewing the policy. No claims bonus is offered by the insurance company for not filing any claim in the previous policy period.

When you make the two wheeler insurance claim you must know that the company is not liable to pay the entire amount of the damage. There is a certain fixed amount known as ‘deductible’. The money that will finally be settled will be over and above this ‘deductible’. Know the network garages offered by the insurance company so that you could get a cashless service in case of any repair and damage caused to your two wheeler. Also, know the details of the claim process for the ease and comfort of making a claim during any mishap.

For more information visit: Two Wheeler Insurance and Two Wheeler Insurance Claim.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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