Why should I Buy Two Wheeler Insurance?

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Why should I Buy Two Wheeler Insurance?
Here are some top reasons to buy Two Wheeler
Insurance Mandatory on Legal Ground Buying two
wheeler insurance is mandated by the law. On the
legal ground, you need to buy insurance to get
the cover against the third-party liability. It
helps you get away from legal penalties that may
impose due to loss/damage to any
third-party. Ensures Financial Safety By
choosing a right two wheeler insurance, you need
not to worry about financial losses that may
occur due to any third party liability or
damage/theft to your vehicle. A comprehensive two
wheeler insurance provides absolute financial
protection.
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Peace of Mind Having a comprehensive two wheeler
insurance ensures peace of mind, as it provides
complete protection in case of an accident. The
insurer compensates you against the financial
losses that may occur due to third party
liability and own-damage as well. What kinds of
Two Wheeler Insurance can I opt from? Basically,
there are two types of Two Wheeler
Insurance. Liability Only Policy/ Third Party
Two Wheeler Policy Third Party Two Wheeler
Insurance is a statutory requirement as specified
under the Motor Vehicles Act. Under this
insurance policy, the insurer covers the insured
against the bodily injury/death and property
damage caused to a third party.
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Comprehensive/ Package Two Wheeler Policy This
insurance policy provides an absolute
comprehensive protection, as it covers both the
third party and own damage cover. Third Party
Liability Cover It provides cover to the
insureds two wheeler against any damage/loss
incurs to a third party bodily injury and
property damage, arising on the part of your
fault. Own Damage Cover It provides cover
against loss/damage caused to your insured two
wheeler due to the natural Calamities like fire,
explosion, lightning, etc. and shock damage due
to earthquake and man-made calamities accounting
to burglary, housebreaking, theft, riot or
strike, accident by external means, malicious
act, terrorist activity and damage during travel
by road, rail, inland-waterway, or air.
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What are the Benefits of Buying a Two Wheeler
Insurance? Buying a Two Wheeler Insurance is
quite imperative to ensure that you can drive
your vehicle without any worries. Here are the
key benefits of buying a Two Wheeler
Insurance. Covers Third Party Liability This
insurance policy provides protection against
liability that may arise due to bodily
injury/property damage caused to the third party.
You need not pay off towards the third party
liabilities, the two wheeler insurance covers you
against these expenses. Covers Vehicle
Damages You never know when you may have to face
an accident that makes damages to your two
wheeler. By having a two wheeler insurance, you
need not to pay for damages to your vehicle. This
policy covers repair costs for your two wheeler.
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Cashless Claim Benefit No more worries for
getting the vehicle repaired. By choosing
comprehensive two wheeler insurance policy, you
have the option to get the cashless repairs for
your vehicle at any of the network garages listed
with the insurer. Add-on Covers Several add-on
covers available with a two wheeler insurance
that helps enhance protection for you and your
vehicle. No Claim Bonus Benefit With a
claim-free policy year, you can get No Claim
Bonus. It helps you avail discounts on your
vehicles future premiums. Source
https//www.comparepolicy.com/motor-insurance/two-
wheeler-insurance
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