What Is 2 Wheeler Insurance And Why Should You Opt For It?
by Kirti Saxena Kirti Saxena is a web enthusiast and a writerA two wheeler is an economic and
convenient mode of transport. Apart from convenience of travelling, it has
today become a part of our lifestyle owing to the swanky racing models
available in the market. However do you stop to think about risks that you are
likely to face on the roads? No. The reality is that on the roads, you are
susceptible to an accident or your bike might get damaged. The result is
enormous expenses which cannot be managed by you alone. It is in such
situations the 2 wheeler insurance proves to
be useful.
What
Are The Many Ways In Which Bike Insurance Offers Protection?
It offers protection against so many
losses thus enabling you and your family to cope with an unexpected situation
when it arises. By mitigating costs, it saves you from unexpected financial
losses because today with rising repair costs, even a small dent will be
difficult to repair. Here is a look at
the many ways in which it pays out:
·
It covers for damage to vehicle caused by
accident
·
It pays for damage to vehicle caused by
man-made or natural disasters
·
It pays for third party liability expenses
·
It pays for losses arising from a personal
accident
This is the basic cover offered by the
policy. There are many add-ons that you can opt to increase protection. The cost of premium increases with the
add-ons that you take but they helps to bring down so many sundry expenses that
you are likely to incur when an unexpected situation arises on the roads. Bike insurance cover is applicable for any
factory fitted gadget also. However, if you have fitted the bike with your own
gadgets, you need to apply insurance cover separately for it.
Transfer
of Policy
Bike insurance is transferable. If you are getting a new bike to replace the
old one, transfer the policy to the person who has just brought your old vehicle.
Cost
Of Policy
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Created on Dec 31st 1969 18:00. Viewed 0 times.