Necessity of Two Wheeler Insurance Two-wheelers or bikes definitely let you heave a sigh of relief to reach destination in half the time span when compared to four wheelers and helps you escape long traffic-jams. But with a robust twowheeler, you also need robust 2 wheeler insurance so that you can drive with ease. Think of the financial trouble that can drain your savings if your bike meets an accident or is stolen or damaged. So, be prudent enough to select a good insurance plan and save your hard-earned money for the rainy day. What makes you buy insurance? Do ask yourself this question as it will help you evaluate your need. Need insurance just because it is mandatory to buy insurance before setting out the vehicle on road Need insurance to save myself and the vehicle from financial burden and legal liability if an accident occurs As per the law it is mandatory to get Third-party insurance but this basic insurance does not cover any damage caused to you or your vehicle. Though this would protect you from the legal liability if something happens to thirdparty’s possessions but would not come to your heed if anything happens to you. Hence, understand thoroughly different types of bike insurance and then choose a plan that suits you the best. Types of Insurance Third-party coverage: This insurance is mandatory and would take care of the damage caused to the third-party, their vehicle or property by your vehicle. Comprehensive two-wheeler insurance: This insurance takes care of the third-party liability and also provides protection to your vehicle. It protects your vehicle against theft, damage caused by natural calamity/accident. In addition, it provides cashless repair advantage to the damages caused at the network garages wherein the amount is directly settled by the insurance provider and the garage saving you from shelling out money out of your own pocket. Accidental coverage: While you are driving, your own life is also at risk. This coverage e ntitles you to claim compensation from the insurance company if you meet with an accident while riding a two-wheeler.
How to get bike insurance? Getting bike insurance has become quite a simplified task. You can ask for insurance quotes online by providing the information about your vehicle. Generally you need to provide the following details: Personal details such as your name, city and age Make and model of bike RC details NCB details, if applicable The premium is calculated based on the information given by you. Thereafter, you can buy the insurance policy online if you are satisfied by the terms and conditions of the insurance provider. Alternatively, you can also contact the agents of the insurance company and seek information in detail before buying insurance.