In a country like India, the majority of the population uses a two wheeler for traveling. In India, it is a necessity for every two wheeler owner to own a bike insurance not only for the safety of the rider and his passengers but also for the sake of saving a ton of money in the event of an unfortunate accident.
In India, having a two-wheeler insurance has become a necessity for all those individuals who own a two wheeler. A-two wheeler insurance provides coverage for the medical expenses of an individual and their passenger as well as takes care of the repairs of a vehicle in the event of an accident.
Each and every two-wheeler has its own requirements depending on its age and the usage of the two-wheeler, these requirements need to be taken into account when an individual is opting for buying insurance. Two wheeler insurance for scooters and bikes gives insurance holders the feature to go to any network garage and repair their vehicles whenever necessary, free of charge.
At PolicyX.com, a comparison of all the two wheeler insurances that are available from different sites and companies are provided, along with their detailed descriptions. These comparisons are given so that customers can judge for themselves the insurance that suits them the most and opt for it.
Apart from providing the features, benefits and the disadvantages of several two wheeler insurances, an individual can also renew their two wheeler insurance through this website.
There are a ton of two wheeler insurances that are provided by a number of companies. But there are two types of coverages that are provided. The first type is the third party liability coverage while the second is the comprehensive coverage.
Third Part Liability
- This coverage does not only cover those individuals who are insured under a bike insurance, but it also takes care of all the expenses caused by the insured vehicle in terms of property damage and the medical expenses of other individuals who may be involved in an accident.
Depending on the insurance company, a separate amount of money from the insurance is set aside for third party liability. All medical charges for any third person who is injured in an accident from the insured vehicle are covered. Money for repairing damaged property is also provided from this cover.
- A comprehensive coverage takes care of all the repairs for damages that are caused on the insured vehicle due to natural calamities as well as man-made calamities. Some of the natural calamities that are included in this coverage include floods, earthquakes, landslides, etc. Man-made calamities include theft, burglary.
All two wheeler insurances that are offered by companies have the same type of features that are included. The features include:
Protection of the vehicle against damages that may be both natural like floods, earthquakes and man-made calamities like robbery and theft as well.
Third party liability coverage which takes care of the medical bills of a third person who is involved in an accident caused by the insured vehicle, as well as property damage.
Accident cover for the owner of the vehicle and the person who is driving the vehicle. Money is set aside for those who have succumbed a disability due to an accident.
Two wheeler insurance policies can be taken for a minimum of two-three years, and they can be renewed easily through online portals.
A special feature for every two wheeler plan is the No Claim bonus feature. This feature is applied when an insurance holder does not apply for an insurance claim for a year or more. This feature is only available for those who renew their insurance policies on time; they get an increase in increment for their insurance through the No Claim bonus feature.
A two wheeler insurance also has a special feature for including add-on passengers who are also covered by the insurance. These add-on insurance holders can be part of the insurance holders family or drivers for the vehicle. This is only applicable for those who have a drivers license and are above the legal age of 18 years.
The exclusions of a two wheeler insurance include those repairs or damages that are caused to one’s insured vehicle under certain conditions and situations. For example, the normal wear and tear of the vehicle due to the age of the vehicle is not covered.
If there is any damage that is caused to the vehicle by an individual who is driving without a license, then the repairs will not be taken care of under the insurance cover. Similarly, the damages that are caused to the vehicle by someone who is under the influence of alcohol, drugs or liquor is not included under the insurance.
Any loss that is caused by the depreciation of the vehicle. If there is any damage that is caused due to nuclear risks, war or mutiny are also not covered under the two wheeler insurance. The expenses that come with the replacement of damaged tires or fixing of tires is not included. Lastly, any loss or damage that is caused to the vehicle outside of India are not eligible for repairs.
For those who own a two wheeler and want to apply for their bike insurance. They have to choose from the many two wheeler insurances that are offered by a variety of companies. To make the process of choosing one’s best insurance shorter and more user-friendly, PolicyX.com compared all the two wheeler insurances that are available in the market.
A customer, sees the different types of insurance policies, their features, inclusions, exclusions and their benefits as well. Once an individual has set upon the insurance they want, they need to fill out the form for the insurance. The other documents that are required along with submitting the insurance form are:
Driver’s License of the individual
Registration documents of the vehicle that is to be insured
Address proof of the individual
Bank details of the individual
Insurance is the subject matter of solicitation
Disclaimer: The information displayed on this website is of the insurers with whom our company has an agreement. The prospect's particulars could be shared with insurers.