All About Two Wheeler

Insurance

What Is Two Wheeler Insurance?

Two wheeler insurance is a cover that protects your vehicle against damages due to accidents or unforeseen events like natural calamities or theft

It also provides protection against liabilities arising from damages to the third party

In India, it is mandatory to have a two wheeler insurance policy, not having one can lead to penalties.

Types Of Insurance Policies

Primarily there are two types of two wheeler insurance policies

Comprehensive policyThird party liability

Comprehensive PolicyCovers damages to the vehicle

against events like accidents, natural calamities, and theft

Also includes third party coverIncludes protection cover to the

owner driverAvailing this type of policy is

optional and owner driver’s choice

Third Party LiabilityThis type of policy only

covers damages to third parties

It is mandatory to have a third party policy in India

Factors Affecting Premium

Condition of the vehicle. ( higher the CC, higher will be the premium)

Type of coverageDriver’s experience and other factors such as age, gender,

and driving recordManufacturing year of the vehicleOpting for add on covers will lead to higher premium

Things To Consider Before Buying A Two Wheeler Insurance Policy

Choose A Policy That Provides Maximum CoverageSelect The Provider WiselyCheck Ratings Of Providers For Availing Better ServicesCheck Online For Cheaper And Better Two Wheeler Insurance

Policies

Claim settlement process

Most providers offer cashless claim facility which means expenses for damages are directly paid to the repair centre

Whenever your vehicle meets with an accident, make sure you inform the insurance company at the earliest