All About Two Wheeler Insurance

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All About Two Wheeler Insurance
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What Is Two Wheeler Insurance?

• Two wheeler insurance is a cover that protects
  your vehicle against damages due to accidents or
  unforeseen events like natural calamities or
  theft
• It also provides protection against liabilities
  arising from damages to the third party
• In India, it is mandatory to have a two wheeler
  insurance policy, not having one can lead to
  penalties.

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Types Of Insurance Policies

• Primarily there are two types of two wheeler
  insurance policies
• Comprehensive policy
• Third party liability

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Comprehensive Policy

• Covers damages to the vehicle against events like
  accidents, natural calamities, and theft
• Also includes third party cover
• Includes protection cover to the owner driver
• Availing this type of policy is optional and
  owner drivers choice

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Third Party Liability

• This type of policy only covers damages to third
  parties
• It is mandatory to have a third party policy in
  India

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Factors Affecting Premium

• Condition of the vehicle. ( higher the CC, higher
  will be the premium)
• Type of coverage
• Drivers experience and other factors such as
  age, gender, and driving record
• Manufacturing year of the vehicle
• Opting for add on covers will lead to higher
  premium

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Things To Consider Before Buying A Two Wheeler
Insurance Policy

• Choose A Policy That Provides Maximum Coverage
• Select The Provider Wisely
• Check Ratings Of Providers For Availing Better
  Services
• Check Online For Cheaper And Better Two Wheeler
  Insurance Policies

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Claim settlement process

• Most providers offer cashless claim facility
  which means expenses for damages are directly
  paid to the repair centre
• Whenever your vehicle meets with an accident,
  make sure you inform the insurance company at the
  earliest

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