Two-Wheeler Insurance in Amritsar

There are more than 48, 276 two wheelers registered in Amritsar under the state motor vehicle department and the number is rising by the day. With the rising number of two wheelers on the road in Amritsar, the number of road accidents are also on a rise. An official statement from the Ministry of Road Transport and Highways, stated that there were 150 incidents of road accidents involving two wheelers in Amritsar in 2016.

According to the ministry's report, Amritsar ranked second in the list of deadliest cities in India, when it came to road accidents. The report informed that the chances of getting killed in a road accident are the highest in Ludhiana in India, with the percentage of chance standing at 67%. It was followed by Amritsar, which stood second at over 60%. As many as 120 people were killed in road accidents involving.

The Motor Vehicles Act (MVA), 1988 states that every two wheeler owner must have basic bike insurance. According to the MVA, a motorist who doesn't have insurance, will be liable to pay a fine worth Rs.1500. While basic two wheeler insurance is the bare minimum requirement for the safety and security of riders, a comprehensive two wheeler insurance will provide you better coverage. A two wheeler insurance will provide coverage in the event of damage caused to the vehicle due to fire, any malicious act, natural disaster, or theft of the vehicle, among others. The MVA also makes it mandatory for the owner of the vehicle to have basic third-party insurance. Apart from the personal accident cover, some insurance companies provide legal liability to the third party in case of injury and property damage caused by to accident.

What is Two Wheeler Insurance?