Articles
Things You Need to Know About Two Wheeler Insurance
by Sujit Rana Insurance counsellorBuying two-wheeler insurance is not a big deal. Although it is mandatory by law, you must
educate yourself about a number of things regarding two-wheeler insurance.
So let’s check out some quick facts and benefits of bike insurance policies:
A two-wheeler insurance policy provides you with financial coverage against theft, loss
or damage incurred to the insured two-wheeler vehicle.
If you do not have a valid two-wheeler policy, you have to put up with the entire
financial load in the event of damage or loss arising out of any unforeseen accident
caused to or by your two-wheeler vehicle.
Bike insurance falls under a motor insurance plan which is a division of the general
insurance industry.
Two Wheeler Insurance policies also keep you on the safe side by providing you with
the coverage against a number of specific instances of manmade disasters and natural
calamities like earthquakes, storms, strikes, landslides, terrorist activities, riots, theft or
housebreaking, explosions, etc.
The Personal Accident Cover on two-wheeler insurance expands to up to Rs.1 lakh in the
event of damages caused to the insured two-wheeler vehicle because of an accident.
In case of such occurrences of an accident, you will be entitled for the pre-decided Sum
Insured as mentioned in your two-wheeler insurance policy.
In order to avail of these benefits, you will have to pay a pre-determined premium against
a good two-wheeler insurance plan over a specific period of time to the insurance
company.
You must also keep in mind that there are some insurance companies in India that offer
up to 70% discount on premium with a No Claim Bonus (NCB) on their who-wheeler
insurance online policies.
You can avail two-wheeler insurance on cost-effective pre-negotiated premium rates
which start from an amount as little as Rs. 600 only.
The Bottom Line
For most of the cases, people are inclined to save their money in terms of purchasing any type
of insurance. Two-wheeler insurance is no different in this aspect. People tend to go for a bike
insurance plan that comes at a cheaper rate, unaware of the fact that this mistake of theirs
could land them to serious problems in the future when they file a claim. However, there’s always a better way to saving money on two-wheeler insurance – compare two wheeler insurance
online. By comparing bike insurance you will be able to avail the best policy at the lowest
premium. You can click here to get the best two-wheeler insurance quotes from the top
insurance companies in India.
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About Sujit Rana 
Insurance counsellor
5 connections, 0 recommendations, 22 honor points.Joined APSense since, June 27th, 2018, From Kolkata, India.
Created on Apr 9th 2020 05:01. Viewed 441 times.
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