One of the fastest growing cities in the world, Ghaziabad is a part of the National Capital Region of Delhi and boasts of a population of over 2,000,000 individuals. This planned industrial city is a famous centre of the Oil Engines Industry. Due to its industrial nature and the population, traffic is quite massive and jam packed roads are quite a common site. The number of individuals who have their own vehicles is also on the rise and this is especially so with two wheelers.
Due to the sheer numbers on the road, traffic accidents are quite a common which is alarming. Most accidents are those that involve two-wheelers.
As per the Motor Vehicles Act of 1988, all two wheeler owners must have a two wheeler insurance and is thus mandatory by law. In case two wheeler owners do not have this insurance, they will have to pay a fine for the same. However, it is advisable for all owners of two wheeler vehicles to rather than the bare minimum as more protection is provided by a comprehensive cover. Two wheeler insurance mainly refers to a policy that is taken as a protection against damages that may occur to either the vehicle or the rider.
Damages caused to a vehicle due to natural disasters, fire, accidents, theft, etc. may be covered. Additionally, third party insurance is also mandatory so as to protect the owner from repercussions in case his/her vehicle has caused damage to another vehicle. These are known as liability-only policies that offer protection against all injuries that come up due to third-party action.
Two wheeler insurance policies offer cover against a number of issues such as wear and tear of bike, loss of two wheeler accessories, damage caused due to driver’s negligence, etc. Today, procuring two wheeler insurance plans are quite simple and hassle-free with most companies offering policies online. Individuals can also purchase optional covers for additional protection such as personal accident cover for those who ride pillion and so on.
There are a large number of companies that provide , some of the top companies include - HDFC ERGO Two Wheeler Insurance, Bharti AXA Two Wheeler Insurance, Reliance Two Wheeler Insurance and many more.