A two-wheeler insurance policy is basically a contract between an insurance provider and a person in which the insurer covers any damages to the two-wheeler in the event of an accident, natural disaster, or theft.
Depending on the type of policy you buy, a bike insurance policy protects you from liabilities arising from injuries to the rider and pillion as well as third parties. It is important to compare policies from different insurers in order to find the best two-wheeler insurance policy with sufficient coverage. This service is available online, and you can use it right here on GIBL.IN!
It is illegal to ride a motorcycle without a valid two-wheeler insurance policy. Two-wheeler insurance plans are intended to provide financial protection against unforeseen incidents and accidents that can result in harm to the insured two-wheeler, bodily injury to the rider, pillion, or pedestrians, or third-party property damage.
With the right bike insurance policy in place, you will have the following benefits:
You will be financially stress-free: If your vehicle is damaged or stolen, you will not be responsible for the costs of repairing or replacing it because the insurance provider will do it for you.
You will be legally covered: Since it is mandatory to have insurance while travelling on Indian roads, having a copy of your insurance policy with you will guarantee that you are legally protected from paying fines or penalties to the police.
You will get a personal accident policy: If you are covered, the insurance provider will pay up to Rs.1 lakh in case you suffer complete and permanent disability. Your relatives can collect the amount insured from the insurance provider in the event of your untimely death.
You will be able to enjoy benefits like No Claim Bonus (NCB) for not filing any claim within a specific policy term. You can use this bonus or discount to reduce the premium of your own damage cover at the time of bike insurance policy renewal.
Now that you know the importance of having bike insurance, why don’t you check out some of the best two-wheeler insurance plans online?