What Are The Benefits Of Two Wheeler Insurance And When Should You Do Bike Insurance Renewal?

If you are so used to a two wheeler, you simply cannot do without one. Imagine a situation wherein your bike was stolen, else if it got damaged in an accident. The vehicle will not be available for some time till it gets repaired.  Adding to this situation is the cost. How will you cope with the expenses arising from the unexpected incident? The only way is by making a claim against your two wheeler policy.

The Benefits Offered By A Two Wheeler  Policy

Insurance for bike offers protection against so many different types of risks. The road is congested with too many two-wheelers leaving you vulnerable to the risk of an accident. With compensation from the policy you can manage the repair expenses and get the vehicle back into proper condition. Here is a look at the many ways in which it protects you:

·         It compensates for damage to vehicle by accident man-made or natural disasters, fire and theft

·         If third party expenses arise from damage to their vehicle or accident to driver of another vehicle, it pays for such expenses

·         It gives a lump sum for loss of life or permanent disability 

These are the basic benefits offered by the policy. There are many additional benefits that you can opt, which will cover for so many sundry expenses that are likely to happen in the event of an accident, breakdown, etc. Policy cover is applicable for only one year, after which you should do the bike insurance renewal. You can easily do this online and continue coverage benefits instantly.

Third Party Cover

If you look closely at the many benefits offered by bike insurance you will find its third party insurance for two wheeler to be one that is very important. When an accident happens, you not only hurt yourself and damage your vehicle, but also others and their vehicle or property. They can sue you for such damages and paying for them will be a very heavy burden.  Third party liability helps you cope with the situation by paying for the losses.

Policy Cost And How To Reduce It

One of the main things that worry people when they apply for bike insurance is the cost. A basic policy is expensive and offer good benefits. You can easily afford it. If you opt for additional benefits, the premium cost will increase. If you have made no claim against the policy in the previous year, you can make use of the no claim bonus to bring down policy costs. The easiest way to get a policy is by applying online which saves time, efforts, helps avoid paperwork and enables you to get coverage instantly.

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

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