Two wheeler insurance policies provide coverage for insured and any two wheeler vehicle like a bike, motorcycle, moped, scooter and scooty against damage from accidents. Damage caused by theft, natural disasters, riots and explosions is also covered. Check out the policies most apt for you and your vehicle through Bazaar Indicator, a renowned financial solution provider company in India.
According to statistics reported by India Today in 2017, more than 48,746 two-wheeler users died in road mishaps. The alarming increase in mortality rate because of road accidents has been a great nationwide concern. Multiple factors contribute to the increasing number of accidents such as over speeding, illegal driving behaviours, distracted drivers, disregard of safety measures, and potholes, to name a few. These circumstances may provide harm to the driver and also the vehicle. Therefore insurance is important to save extra expenses. Few benefits of Two wheeler Insurance are listed below.
The two types of Bike Insurance policies are available for users. Check out the policies in detail below.
This insurance doesn’t cover any personal damage and only covers third party liabilities which is the damage caused to the other person, their vehicle or both. The premium rate of this type of insurance is low. This insurance is mandatory in India. Rs 2,000 fine is imposed on riders not having bike insurance.
The scope of coverage of this insurance is wide as it covers multiple damages that may be caused to self, own vehicle as well as third-person liabilities.
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