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What Is Covered Under Two Wheeler Insurance Policy?

Submitted by rituroy on Tue, 04/06/2021 - 03:00

Bike insurance is a form of insurance that protects bike owners from third-party liability resulting from their use of two-wheelers. A two-wheeler insurance policy is an arrangement under which an insurance company protects the financial aspects of a bike's damage or injury.
Under the Motor Vehicle Act of 1988, anyone who owns a two-wheeler is required to carry third-party liability insurance. Bike insurance protects you financially in the event of a car crash by covering the cost of repairs. It softens the blow for Natural Calamity Coverage as well as Personal/Third Party Coverage.
If you want to purchase or renew a two-wheeler insurance policy for your bike, you can look into the coverage that each company offers. If you enjoy riding your bike, you can be involved in a road accident at any moment. Bike insurance policy also includes coverage for the bike's owner as well as third-party injury. The following is a detailed list of what's covered under a bike insurance policy:
Losses & Damages Suffered Due to Natural Calamities
Natural calamities such as lightning, earthquakes, floods, hurricanes, cyclones, typhoons, storms, tempests, inundation, hailstorms, and landslides and rockslides, among others, will compensate any loss or damage to the insured vehicle.
Losses & Damages Suffered Due to Manmade Calamities
It provides protection against riots, attacks by outside forces, hostile acts, terrorist activity, and any damages incurred when travelling by road, train, inland waterway, lift, elevator, or air, among other items.
Personal Accident Coverage
For injuries to the rider/owner that result in temporary or permanent disabilities or limb loss that causes partial or total disability, a personal accident cover of up to Rs. 15 lakh is available. When the person is driving, mounting or dismounting from the vehicle, the coverage applies. The insurers have personal injury coverage for co-passengers as an alternative.
Fire & Explosion
Two-wheeler insurance also includes any injuries or damages incurred as a result of a fire, self-ignition, or explosion.
Own Damage Cover
This coverage protects the insured vehicle from destruction or harm caused by natural disasters, fire and explosion, man-made disasters, or robbery.
Theft or Burglary
In the event that the insured motorcycle or scooter is stolen, two wheeler insurance will reimburse the purchaser.
Legal Third-Party Liability
Bike insurance provides compensation for any legal damages sustained as a result of injury to a third-party person in the vicinity, which could have resulted in his death. In the same way, it guards against any damage or loss to third-party property.
https://www.gibl.in/two-wheeler-insurance/two-wheeler-insurance-ahmadaba...