Two-wheeler insurance is a crucial aspect of owning a bike or scooter that is often overlooked. This policy provides protection against natural disasters such as fires, floods, earthquakes, hurricanes, typhoons, storms, cyclones, and more. It also offers a sense of freedom and peace of mind, allowing you to fully enjoy your ride.
Two-wheeler insurance is more than just a safety net; it's a tool that enhances your riding experience. Many insurance companies offer affordable policies tailored to your needs. These policies provide comprehensive coverage, including protection against theft, third-party liability, and physical damage.
One of the key advantages of these policies is the convenience they offer. They provide cashless settlements at preferred workshops, easy claim settlements, round-the-clock claim support, and a straightforward online purchasing process.
Policyholders can also enjoy additional benefits such as an easy renewal process, cashless claims at preferred garages, towing services in case of an accident or breakdown, and telephonic service for claims guidance and other assistance, even on holidays. Insured individuals can also receive instant SMS updates on their claim status and claim assistance.
Two-wheeler insurance policies offer extensive coverage against both natural and man-made calamities. In addition to protection against natural disasters like storms, earthquakes, and floods, these policies also cover damage or loss due to man-made calamities such as theft, burglary, strikes, riots, malicious acts, terrorist activities, and accidents caused by external means. They also cover any damage incurred during transit by road, lift, inland waterway, rail, elevator, lift, or air.
The third-party legal liability coverage of two-wheeler insurance protects your vehicle against legal liability arising from accidental damages resulting in permanent injury or death of a person and damage caused to the surrounding property. Personal accident coverage is available for the individual owner or the driver of the vehicle while driving or travelling. Optional personal accident cover is also available for co-passengers.
The claim process for two-wheeler insurance is straightforward. In the event of a theft, the policyholder must immediately lodge a complaint at the police station in writing and inform the insurance company via their toll-free number to register the claim. The policyholder will then receive a claim reference number. After submitting the necessary documents to the insurance company for verification, the company will directly pay the garage upon completion of the repair work.
However, there are some exclusions to these policies, such as general ageing of the two-wheeler, normal wear and tear, damage or loss due to war, nuclear risk or mutiny, damage by or to a person driving any vehicles without a legal license, and electrical or mechanical breakdown. If damage is caused by a person driving the vehicle under the influence of alcohol or drugs, the claim will be rejected.
Two-wheeler insurance is not just for leisure, domestic, or social reasons. In India, it is mandatory to own an insurance policy for a two-wheeler. Therefore, it's essential to conduct thorough research to find an affordable insurance premium. Consider the pros and cons of all available options. Online tools like a two-wheeler insurance calculator can help you find a policy that suits your specific needs.
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