How to buy Two-Wheeler Insurance?

Bikes are often considered a man’s first love. The thrill of the ride, the wind in your hair, the laughter mixed with sounds of tires running on the road – very few things can give such joys. For such a loved possession, we try to safeguard it as much as we can. There is no better protection for our beloved bikes than a two-wheeler insurance.

However, with such a huge number of insurance companies offering a multitude of insurance products in the market, it is no wonder the average consumer is confused which policy to buy. A two-wheeler insurance is a big deal, as it protects not just your bike but also safeguards the lives on the road. For this reason, and many more, it is essential that you deliberate and choose the best two wheeler insurance for yourself. Read on to discover all there is to know about bike insurance:

• What is a two-wheeler insurance?

Two-wheeler insurance is an insurance policy for your bike, which provides financial coverage in times of an accident or legal events. It is also a mandatory policy that every rider is supposed to have. There are two types of policies available in the market – a comprehensive insurance policy or a third-party liability cover. The latter also provides cover for any damages incurred by you to third party persons or objects, while a comprehensive policy will also cover the costs of damages to your bike. 

• What are add-on covers available?

To maximize the benefits of your coverage, there are add-on riders that you can apply to your existing policy. For two-wheeler insurances, you can choose either a zero-depreciation cover and/or personal accidents cover for occupants.

While in a regular policy, any costs of damages or repairs involving glass, rubber, plastic or fibrous parts are borne by you. However, by availing a zero-depreciation cover you can choose to forgo these payments.

When it comes to personal Accident Cover for occupants, this add-on takes care of the people riding with you. Your bike insurance policy will only cover you. But if you avail this add-on, it will cover the full or partial disability of the occupant as well. 

• Where can you purchase a two-wheeler insurance?

You can either purchase a policy directly from the physical branch of your insurance company or you can buy online insurance for bikes through their website. With online facilities, the process becomes more convenient and hassle-free. You can also renew your policy online in a few simple steps. So, what are you waiting for?