2 wheeler insurance offers protection against different types of road risks

2 Wheeler Insurance Offers Protection against Different Types of Road Risks Driving the two-wheeler can be an immense pleasure with the advantage of convenience and economy in the mode of travelling. But if you don’t watch out on the roads for the traffic, you can run into an accident. In such situations, the only thing that will come to your aid is insurance. It will pay for the losses incurred thus enabling you to cope with the situation. Whether, it is slight accident or a severe casualty, insurance helps pay for the losses, so that your financial burden comes down.

What Are the Basic Benefits offered By Bike or Scooter Insurance?

2 wheeler insurance offers protection in so many ways.

The many risks that it covers help to bring down losses that are incurred due to unexpected situations on the

road. Here is a look at the protection offered by this insurance: • It pays for losses arising from accident, theft and damage to vehicle •

In case of third party liability it pays for the losses

• If there is a permanent accident which causes loss of life to driver or fellow passengers it provides compensation There are many add-ons that you can take for an additional charge. They help to bring down many sundry expenses that you are likely to incur when there is a repair or medical cost. If you want to find out the cost of add-ons make use of the bike insurance calculator. It will display the cost based on the add-ons that you opt.

Though these extra benefits might increase the premium cost, they offer vital protection against so many risks, hence it is important to opt for them.

The period of coverage is one year, after which the policy has to be renewed. You should renew the policy, just before the due date, so that there is no inspection done on the bike or scooter. If you decide to sell the vehicle and there is existing insurance on it, transfer it to the new owner.

A basic two wheeler policy does not cost much, but it gives compensation that come to your aid like nothing else in reducing financial distress when you meet with an accident. Premium costs can be reduced if you fit an ARAI

approved anti-theft device in the vehicle. If you have made no claim on the policy in the previous year, the noclaim bonus can be used to cut premium costs. Applying for a policy and renewing it is easy now as both these tasks can be completed online. Just visit the insurance company’s website and fill out relevant forms to do an application or renewal. Payment for policy premiums can be done online through net banking, credit card or debit card facility.