Some Top Reasons to Buy A Two-Wheeler Insurance Policy

When you own a two-wheeler, it offers a lot of convenience especially, you can save time and reach anywhere on time. A two-wheeler saves both time, money and it is affordable too. For this reason, more and more youngsters are preferring two-wheeler for their daily transportation and office conveyance. With a two-wheeler travel people can avoid crowds in the public transportation and walking long distance to reach their destination.


Two Wheeler Insurance Policy | Image Resource: nepalautotrader.com

However, a bike or a two-wheeler is prone to accidents and hits. The two-wheeler accidents are increasing day-to-day which leaves both the rider and the pillion rider with injuries and many times death. Studies shows that, in India two-wheeler accidents are more than any other accidents. So, it is always advisable to secure your life with a comprehensive two-wheeler insurance policy which will help you with compensation amount both for your hospital expenses and two-wheeler repairs. 

Whenever you look for bike insurance, check online and compare the rate, coverage, claim settle ration policy and so on.  A claim settlement ratio of a company is the ratio of settled policies that were settled by the insurance company. This will provide you a good idea about the authenticity of the insurance company. 

The Need of Buying A Comprehensive Two-Wheeler Bike Insurance  

For anyone, any bike accident could leave both the riders and Two-Wheeler damaged. This will bring a very huge financial burden so, to avoid such risks a bike insurance is essential. This will ensure you that you are secured in the best way financially. 

Under the Motor Vehicles Act, it is compulsory for any bike owner to buy an insurance policy. The increased chances of bike accidents owing to bad condition of roads, rash driving had made the government to make it mandatory. Such accidents will lead to heavy loss of money which can be taken care by the insurance company.   

Based on the policy you brought, it covers damage to the bike caused by accidents, repairs, floods, earthquake, fire, etc. By owning a comprehensive bike insurance, you can make a claim and ensure that you can avoid unforeseen expenses. 

A third-party bike insurance is compulsory under the government motor vehicle act with which you can claim damages to the other vehicle or person involved in an accident caused by your two-wheeler. 

One of the major reasons to buy a two wheeler insurance policy is that it provides financial support to the policy holder, the bike and the third party when involved in any accident. 

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