Gwalior is one of the major cities in the state of Madhya Pradesh. Located at around 300 kilometers from the capital city of the country, Gwalior is well connected to the other parts of Madhya Pradesh and also to other states through the highways. Many of the highways and national highways pass through Gwalior to connect to different parts of India. The NH3, NH 75, and few other national highways are busy with transport and goods vehicles. The city's public transport system includes two-wheelers, cars, rickshaws, taxis, private cabs, buses, and city buses along with blue radio taxis. The increasing pollution levels and traffic in Gwalior have forced the government to replace the old tempos, vans, and autorickshaws with liquefied petroleum gas powered vehicles to curb the pollution levels. Taking into account the fact that motorcycles and other two-wheelers are more vulnerable to road accidents compared to other vehicles where a certain type of safety is available, it becomes essential to understand the safety factors that will keep us safe on the road on a two-wheeler.
Besides following the traffic rules and wearing helmets that keep us safe to an extent, accidents do happen and there is nothing we can do to stop it. In order to make sure that our vehicle is protected from damages, even if it is due to other motorist's negligence, we need to take advantage of a two-wheeler insurance plan. Apart from being a legal requirement, an insurance plan provides security against a broad variety of natural and manmade disasters. Moreover, the insurance will also protect your vehicle against damages incurred due to unforeseen events like theft, personal accident, third party liability, etc. If the vehicle doesn't have an insurance, it will attract penalties from the local RTO. Two-wheelers are a valuable asset and investment in most individual's life in middle and lower-middle class in India.
Two types of two-wheeler insurance
Most two-wheeler insurance is easy to obtain, renew, and retain. There are two types of two-wheeler insurance that be purchased hassle-free at a nominal fee compared to other vehicles, they are:
- Third Party Two Wheeler Insurance - This insurance policy provides coverage for damage and loss caused to your vehicle under various types of reasons.
- Comprehensive Two Wheeler Insurance - This insurance policy provides protection against all types of wears and tears to the two-wheeler along with benefits of third party coverage as well.
These insurance policies can be bought instantly with optional cover options, depending on the capacity of the engine, type, make, and model of the two-wheeler, different insurance providers will charge differently. Typically, an insurance plan will provide protection against fire, explosion, earthquake, self-ignition, flood, lightning, typhoon, storm, tempest, hurricane, landslide, rockslide, man-made calamities, etc. It is important to understand the coverage and exclusions listed in the policy.
By paying a nominal amount as the premium for a year, the two-wheeler will be protected from damages arising from accidents, theft, natural calamity and various other types of threats. There are certain two-wheeler policies that also provides coverage for essential two-wheeler components such as the battery, air filter, and other parts wear out. Accidents are common and it can burn a hole in the pocket if you do not have an active insurance plan. The insurance plan can come to rescue when we are least expecting it since accidents uncertain itself. Though the Comprehensive two-wheeler insurance plans are expensive than the Third Party two-wheeler insurance, it provides more coverage to keep you and your two-wheeler safe.