Two-wheelers come with a greater risk of mishaps as they are lighter in weight. This is a threat to not only the rider but also to the third party involved.
Hence, taking two-wheeler insurance is mandatory in India under The Motor Vehicle Act.
There are two kinds of coverage offered under two-wheeler insurance policies in India; third-party and comprehensive bike insurance.
I will list down the damages covered by them in detail-
Third-party covers only protect the policyholder against third-party liabilities that can include damage to third-party property, injuries to the third party or death of a third party. It does not cover the damages to your bike.
The comprehensive policy provides a more extensive cover for a vehicle along with mandatory third-party liability insurance. The comprehensive policy protects your two-wheeler against the following damages-
1)Man-made calamities - Damages to your bike due to theft, vandalism, riot, terrorist activities, etc are covered.
2)Natural Calamities - Damages caused due to natural disasters like cyclones, floods, earthquakes, lightning, etc are also covered.
3)Personal protection - The policyholder is compensated by the insurance company in case of disability or morbidity suffered by the insured during an accident while driving the insured vehicle. For more information visit our site :- https://www.gibl.in/two-wheeler-insurance/
started by surajit10 on 24 Mar 22
Hence, taking two-wheeler insurance is mandatory in India under The Motor Vehicle Act.
There are two kinds of coverage offered under two-wheeler insurance policies in India; third-party and comprehensive bike insurance.
I will list down the damages covered by them in detail-
Third-party covers only protect the policyholder against third-party liabilities that can include damage to third-party property, injuries to the third party or death of a third party. It does not cover the damages to your bike.
The comprehensive policy provides a more extensive cover for a vehicle along with mandatory third-party liability insurance. The comprehensive policy protects your two-wheeler against the following damages-
1)Man-made calamities - Damages to your bike due to theft, vandalism, riot, terrorist activities, etc are covered.
2)Natural Calamities - Damages caused due to natural disasters like cyclones, floods, earthquakes, lightning, etc are also covered.
3)Personal protection - The policyholder is compensated by the insurance company in case of disability or morbidity suffered by the insured during an accident while driving the insured vehicle.
For more information visit our site :- https://www.gibl.in/two-wheeler-insurance/