For a biker, his bike is an extension of his self. No biker would like to go through the experience of losing his bike, or getting his bike damaged due to an accident. Having said that, you cannot stop such occurrences, but what you can surely do is that you can protect yourself and your two-wheeler against all these odds by insuring it with a good insurance coverage. If you are still not convinced, then these numbers would surely make you rethink on the importance of buying two-wheeler insurance coverage. Just sample this — one serious road accident occurs every minute in our country and 16 people die on Indian roads every hour. Out of the total road accident deaths in India, two-wheelers account for a whopping 25 per cent of these.
There is nothing better than riding your bike with a peace of mind that you don’t have to go through a huge financial discrepancy, if anything happens to your bike at all. And why not -- nearly 75 per cent of two-wheelers in India are uninsured making our roads the most dangerous to ply in the world
Two wheeler insurance protects and ensures coverage of your two-wheeler against external damage, and also protects any third party property or person that may be affected by the insured two wheeler. The bike insurance covers all types of two wheelers: Scooter, scooty, moped and motorcycle.
There are two types of two wheeler coverage available:
- Liability only: Covers only third party and property damage as well as the owner of the two wheeler
- It is a package cover which covers liability coverage along with the insured bike. Any damage, theft or loss of the bike is covered under this plan
Buying or renewing atwo wheeler insurance has become hassle free and extremely convenient these days. By entering a few details about your bike and yourself, you can compare quotes, select your insured declared value (IDV), the premium you can afford and get your policy instantly. Having highlighted the importance of buying a cover for your bike, here are a few added benefits of buying this plan online:
- You can see your premium components and IDV that you would like for your two wheeler without any hidden costs involved
- Hassle free policy issuance: You don’t have to fill up paper works and wait in a queue to buy a policy online. Type in a few details about your bike and owner and get your policy issued within minutes
- Instant policy copy generation: Within minutes of making your payment and receiving confirmation for the same, your policy copy is issued and shared with you. There is no wait involved
- 24/7 assistance: You get a round the clock assistance with anything regarding your two wheeler and there is always support available in case of any emergency
- Choose your add–ons: You have the liberty to chose extra add – on covers for your bike if you would prefer that. There is a variety of them available online for you: Zero Depreciation, Personal Accident cover for pillion and Accessory cover. Make your bike post accident hazard proof.
—by Neeraj Gupta, Head of Motor Insurance, PolicyBazaar.com
