How Does Bike Insurance Protect You?
It is vital to purchase bike insurance to safeguard one’s financial situation in the event of a crisis caused by an accident. It is much simpler to get back on your feet after experiencing unanticipated events if you can file a claim for damages and receive compensation.
In case you are still uninsured, you can now buy insurance online using any two wheeler insurance app, as most insurance companies offer online services.
The person who holds the insurance policy for a two-wheeler is eligible to receive the following benefits:
- Protection against third-party liability
It is required that you buy motorcycle insurance so that you fulfill the requirements of the Motor Vehicles Act of 1988. This is so that you may be protected against third-party culpability if you injure a person, or damage a property with your insured bike. Therefore, if you have insurance, the insurer may manage the payment of compensation to the third party and any legal liabilities that may arise as a result of such an incident. *
- Comprehensive Protection
You can purchase a third-party liability policy that not only pays for damages caused to the third party, but also resolves any legal complications that may arise. However, if you want the insurance cover to compensate for losses to both you and the third party, you will need to select a comprehensive two-wheeler insurance policy. If you do not opt for this policy, the insurance cover may only compensate for damages to the third party.
A comprehensive covers both natural disasters and those caused by humans; therefore, its scope is broader. You have the option, at the cost of a slightly higher premium, to purchase add-ons in addition to the standard comprehensive policy. *
- No-Claim-Bonus (NCB)
At the time of your insurance policy’s renewal, you can earn a sizeable premium reduction if you have not filed a claim during the policy year in question. This amount of the No Claim Bonus would be deducted from the premium. The reductions continue to increase as more years pass, with the insured not making any claims. *
- Zero penalties
Insurance protection against claims made by third parties is required by law. Suppose you are stopped while riding a bike or scooter. In that case, the traffic police and any other official authorities have the right to view a copy of your driver’s license and insurance documents.
Those who are found to be riding a vehicle without the necessary insurance documents face the possibility of receiving a fine or/and jail term. Maintain your insurance documentation in a state of readiness so that it may be checked without incurring any fines. *
- Risk & stress-free
The benefits that insurance gives are twofold – relief from probable risk and mental stress. Because you are being responsible and doing the right thing, having insurance provides you with the peace of mind and financial safety that comes along with it.
When you purchase your two-wheeler insurance and keep it updated, you protect yourself and your vehicle from unanticipated losses.
Download a two-wheeler insurance app and compare policies and choose the one that suits your needs. The purchase of insurance for a two-wheeler should not be a thought or an option. Make it an investment in your own sense of safety. *
* Standard T&C Apply
You may check the Bajaj Allianz bike insurance app as it is convenient and user-friendly and can meet all your policy requirements.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.