You were riding on the streets to work, but your vehicle got damaged in a small accident. Now, you will have to pay repair costs, which can be significantly high because of the vehicle parts, workmanship and service cost. The only thing that will help cut costs is your 2 Wheeler insurance policy. It will bring down repair expenses enabling you to cope with the situation, so that you don't have to take money from your savings account. This is not the only benefit that you get from it as there are many more which help you out when you are faced with an unexpected incident on the road.
What Are The Benefits That You Get From A Two Wheeler Policy?
The policy will pay out if your bike or scooter is damaged by a man-made or natural disaster. In the event of it getting stolen, policy will compensate for the loss. If your vehicle causes damage to another vehicle in an accident or injury to the vehicle's driver, it pays for the losses. In case there is damage to property in an accident, the policy will pay for the losses. Finally 2 wheeler policy pays out in the event of permanent disability or loss of life to the driver. Hence, the policy covers you in so many different ways, looking into various means by which your losses can be reduced. You can opt for additional benefits which will increase protection at extra cost.
The law deems it mandatory to have a bike or scooter policy before taking the vehicle on the roads. Such are the risks of today's traffic congested roads that you simply cannot manage without its coverage in the event of an unexpected situation.
Policy Cost
The cost of a basic policy is very less, enabling you to easily make premium payments. You can reduce the premium amount by fitting an ARAI approved anti-theft device in the vehicle. It can also be brought down by making use of the no claim bonus at the time of renewal.
Transfer of the Policy and renewal
When you decide to sell the bike to buy a new model, existing insurance can be transferred to the new owner. Two wheeler insurance renewal should be done after a one year period. It can be done through the insurance website.
What Is The Ideal Policy?
The ideal bike policy is one that offers a variety of coverage. Opt for a policy with different types of add-ons because they provide very good protection from various risks, thus mitigating your losses. Also look in for cashless cover because it will help your two-wheeler to get serviced in any garage falling under the insurer's network but without paying any cash.
What Are The Benefits That You Get From A Two Wheeler Policy?
The policy will pay out if your bike or scooter is damaged by a man-made or natural disaster. In the event of it getting stolen, policy will compensate for the loss. If your vehicle causes damage to another vehicle in an accident or injury to the vehicle's driver, it pays for the losses. In case there is damage to property in an accident, the policy will pay for the losses. Finally 2 wheeler policy pays out in the event of permanent disability or loss of life to the driver. Hence, the policy covers you in so many different ways, looking into various means by which your losses can be reduced. You can opt for additional benefits which will increase protection at extra cost.
The law deems it mandatory to have a bike or scooter policy before taking the vehicle on the roads. Such are the risks of today's traffic congested roads that you simply cannot manage without its coverage in the event of an unexpected situation.
Policy Cost
The cost of a basic policy is very less, enabling you to easily make premium payments. You can reduce the premium amount by fitting an ARAI approved anti-theft device in the vehicle. It can also be brought down by making use of the no claim bonus at the time of renewal.
Transfer of the Policy and renewal
When you decide to sell the bike to buy a new model, existing insurance can be transferred to the new owner. Two wheeler insurance renewal should be done after a one year period. It can be done through the insurance website.
What Is The Ideal Policy?
The ideal bike policy is one that offers a variety of coverage. Opt for a policy with different types of add-ons because they provide very good protection from various risks, thus mitigating your losses. Also look in for cashless cover because it will help your two-wheeler to get serviced in any garage falling under the insurer's network but without paying any cash.
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