In cases of an unexpected and unfortunate accident on the road, the compensation from the insurance policy comes in handy to meet the emergency expenses.
In India under the Motor Vehicle Act 1988, it is made mandatory for every vehicle to have a valid insurance policy before it is put on the road.
How to get a Two Wheeler Insurance Cover
It is easy to get a bike or scooter insurance. You can log on to the insurer’s website and fill the insurance form. After you have paid the requisite amount of insurance premium, your application will be duly processed by the insurer and your insurance policy document will be issued to you immediately. However, if there are any issues with filing online insurance, you can always visit the insurer’s office and submit your insurance application offline. After insuring your vehicle, you are ready to ride the streets with peace of mind.
Protection Offered by a Two Wheeler Policy
A two wheeler insurance policy pays for the damage caused to the vehicle by accidents, man-made calamities or natural disasters. Even in the case of loss of vehicle or theft, it pays for the losses incurred by the owner. Another important benefit that it offers is coverage for third party expenses. If you have third party coverage and if your vehicle accidently hits another vehicle or injures the person, the costs of losses and injuries sustained by the third party will be settled by the insurance company. The insurance also covers expenses incurred if the vehicle by any means damages a property in an accident. Even if the losses or damages to third party property are too high, if a proper claim is submitted, these can be covered. A third party coverage in a two wheeler insurance is not something that has to be opted for separately, it comes with the insurance itself.
It is important to know that a two wheeler insurance offers many benefits. Here is a list of the coverage's available
- Loss due to natural disasters:
Bike insurance policies provide cover against damages caused by acts of God such as flood, lightning, earthquake, landslide, etc.
- Loss due to man-made calamities:
Two wheeler insurance policies also provide insurance against man-made calamities such as riots, terrorist attack, burglary, theft, etc.
Any injuries caused to the third person in an accident, varying from internal injuries to fractures or even dislocation of joints are covered by two wheeler insurance policies.
In case of a severe accident, resulting in partial disability or temporary non-functioning of any body part, the insurance policy pays for the losses suffered and medical expenses incurred by the third party.
- Permanent Total Disability:
In cases of permanent total disability, wherein a person either loses his sight of vision, or limbs or undergoes any other sort of permanent disability, the insurance policy covers his losses and expenses of treatment.
If the accident results in the death of a third party, the family of the deceased can make a claim against the vehicle owner, who can transfer his liability to the insurance company.
In view of the above, it is advisable to drive your vehicle on the road with a valid insurance cover so that loss or theft of your vehicle or damage or accident on the road need not worry you. So, happy riding!