What Are The Benefits Of Buying An All-Round Two-Wheeler Insurance Coverage?

Riding a bike is not just a mode of transportation; it's a passion for many. As a bike owner, it is crucial to protect your prized possession against unforeseen events. This is done with the assistance of bike insurance. When you are looking to purchase bike insurance online, you can consider the comprehensive insurance policy. It is also known as all-round bike insurance coverage, which offers extensive protection that goes beyond the mandatory third-party liability coverage. In this article, we will explore the benefits of all-round bike insurance coverage and why it is a wise investment for bike owners.

Benefits Of All-Round Insurance Coverage

The benefits listed below will help you understand what is comprehensive bike insurance. They are:

- Protection against Accidents and Damages

Comprehensive insurance for two wheeler provides coverage for damages to your vehicle in the event of an accident, whether it is a collision with another vehicle or a single-vehicle accident. With this coverage, you can have peace of mind knowing that repair costs for your bike will be taken care of by the insurance company. Claims are subject to terms and conditions set forth under Motor insurance policy.*

- Coverage for Theft and Vandalism

Bike theft and vandalism are unfortunate realities that bike owners face. With comprehensive bike insurance, you are protected against the financial loss incurred due to bike theft or damages caused by malicious acts. If your bike is stolen or damaged by vandals, the insurance company will reimburse you for the value of the bike or cover the repair expenses. Claims are subject to terms and conditions set forth under Motor insurance policy.*

- Natural Calamities and Disasters

Natural calamities like floods, earthquakes, or storms can wreak havoc on your bike. Comprehensive bike insurance covers damages caused by these natural disasters, ensuring that you are financially protected if your bike is damaged due to such events. It provides a safety net against unpredictable weather conditions that are beyond your control. Claims are subject to terms and conditions set forth under Motor insurance policy.*

- Coverage for Fire and Explosions

Fire accidents or explosions can occur unexpectedly and result in severe damage to your bike. A comprehensive bike insurance plan offers coverage for damages caused by fire and explosions, allowing you to recover the repair or replacement costs without straining your finances. Claims are subject to terms and conditions set forth under Motor insurance policy.*

- Personal Accident Cover

Comprehensive bike insurance often includes a personal accident cover, which provides financial assistance in case of bodily injury or loss of life resulting from a bike accident. This coverage can help ease the financial burden by providing compensation or coverage for medical expenses, depending on the severity of the accident. Claims are subject to terms and conditions set forth under Motor insurance policy.*

- Third-Party Liability Coverage

Just like third-party liability coverage, comprehensive bike insurance includes coverage for damages or injuries caused to a third party by your bike. This coverage is mandatory by law and ensures that you are protected from legal and financial liabilities arising from an accident involving your bike. Claims are subject to terms and conditions set forth under Motor insurance policy.*

- Peace of Mind

One of the most significant benefits of comprehensive bike insurance coverage is the peace of mind it offers. Knowing that you have comprehensive protection for your bike against a wide range of risks gives you the confidence to enjoy your rides without worrying about the financial consequences of unforeseen events. It allows you to focus on the joy of riding and exploring the open road.*

Alternative Options

There are two types of bike insurance plans that you can select from. The one mentioned above is comprehensive insurance. The other is third-party insurance. Unlike comprehensive two-wheeler insurance, third-party insurance only covers third-party liabilities. These include damages caused to third-party vehicles or property. Additionally, it compensates for injuries or loss of life too. There is no coverage for damage or loss of vehicle due to natural and manmade calamities. This is also absent in case of a fire incident. If your bike were to get damaged or lost due to attempted theft, the policy does not offer any compensation for the same.

Conclusion

Investing in comprehensive bike insurance coverage is a prudent decision for bike owners. With all-round coverage for your bike, you can ride with peace of mind knowing that you are financially protected in various scenarios. Remember to carefully review the policy terms, coverage limits, and exclusions to choose a comprehensive policy that best suits your needs and ensures maximum protection for your beloved bike. Get in touch with an insurance agent to know more about two wheeler insurance benefits such as the coverage, riders, and other technicalities related to the policy.   *Standard T&C apply 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.