Lesser Known Benefits of Two-Wheeler Insurance Plans

Two-wheelers are a preferred mode of transport for its affordability as well as ability to navigate through traffic. It provides convenience as well as comfort if you want to commute from one place to another. However, it does come with its fair share of risks – with heavy traffic and bad roads, sometimes, accidents can occur. Not only this can cause damage to your vehicle and a third-party vehicle, but also cause injuries that can prove to be fatal. This is where two-wheeler insurance plans can help you. In this article, let us discuss a few lesser known benefits of two-wheeler insurance plans you may not be aware of:

Safeguard against third-party legal liabilities

Among the types of two-wheeler insurance plans that you can buy, a third party bike insurance cover is the bare minimum required by the Motor Vehicles Act. This coverage ensures any legal liabilities arising due to an accident resulting in an injury to third person or damage to their property can be compensated by your insurance policy. Moreover, any legal charges associated with these liabilities are also included under the policy scope. Whether you buy two wheeler insurance online or offline, third-party coverage is mandatory. *

A 360-degree coverage

With a comprehensive two-wheeler insurance policy, you can ensure an all-round protection for your bike and yourself unlike a liability-only plan. In this type of policy, you get the coverage for damages to your bike along with protection from other perils too. In addition, the coverage under a comprehensive two-wheeler insurance is customisable, thereby ensuring just the right coverage that you need. *

Protection against natural and man-made perils

With a comprehensive policy, the insurance plan covers any damages that may be either caused by forces of the nature or other human-induced factors. Earthquakes, thunderstorm, lightning, floods, etc. are some of the natural disasters that are covered by the policy while wars, theft, strikes, burglary are a few man-made disasters included in your policy scope. *

Cashless claim support

One lesser known benefit of a two-wheeler insurance policy is the cashless claim facility. The insurance companies have tie-up with specified service stations called as network garages where the cost of repairs to your bike are paid directly by the insurance company. Thus, there is no requirement for you to pay for the repair costs and then claim its reimbursement. Instead, it is directly settled by the insurance company. *

Coverage for personal accident

A comprehensive plan has three components – third-party cover, own-damage cover and lastly a personal accident cover. With such personal accident insurance, any injuries to the rider of the bike due to an accident are covered by the insurance policy. Although, it is mandatory to purchase this personal accident cover with the insurance policy, it isn’t compulsory to buy with a two-wheeler insurance policy. In case you already have a personal accident coverage, you need not buy it again. Thus, the benefits of a personal accident cover are available in the long run. *

Customisation of coverage

When you purchase a comprehensive two wheeler insurance online, you can customise its coverage. Just like all insurance plans, a comprehensive policy has certain limitations on coverage which is when add-ons come handy. Add-ons are optional policy features that can be loaded to a comprehensive insurance policy thereby enhancing the policy scope. With the help of these add-ons, you can enhance the scope of your policy along with ensuring broader coverage from perils. * * Standard T&C Apply With these uncommon benefits, select a policy that offers all-inclusive coverage while keeping the bike insurance price within your budget. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.