Now known as Mysuru, Mysore is the third most populous and third largest city in the state of Karnataka. Also known as the capital city of the Kingdom of Mysore for close to six centuries that was the Kingdom of Wodeyar dynasty, the Wodeyars dynasty has contributed remarkably to the cultural growth of the Mysore and the entire state. Mysore is famous for its palaces and various other heritage structures that notably includes Mysore Palace and festivities that attracts a large number of tourists from all across India and the world. There are many well-known scientists, authors, musicians, sportsmen, politicians, actors, and other public figures who hail from Mysore. The city receives tourist regularly for the cultural heritage, education, trade, and the presence of wildlife. With connectivity to many popular other popular places, Mysore is one among the fastest growing and developing city in south India that is becoming a hub for people from around the country for business, education, business, tourism, etc. The government is also planning to establish Metro transport system in Mysore that will ease traffic congestion to an extent.
The increasing number of road accidents and upcoming vehicles have made the Regional Transport Office and Traffic Police to take up various initiatives that will help both the commuters and government in establishing a positive connection. Following the Cabinet's approval for amendments pertaining to Motor Vehicle Bill 2016, the traffic rules in Mysore has become strict. One of the important traffic rules is to carry a valid insurance policy when you are out with your vehicle. Failing to produce the insurance policy can cost a lot of money for someone who buys a two-wheeler because they are cost effective. The revised fines are so high that it can also surprise people on imported vehicles.
In order to make sure that you and your two-wheeler are protected from damages caused due to wear and tear accidents, and other reasons, a two-wheeler owner should consider buying a two-wheeler insurance policy. The policy can help in reducing the financial liability to a great extent. Even a minor accident can cause a vital damage to your motorcycle or scooter that can cost a fortune to repair. By paying a nominal fee for an insurance cover, you can make sure that in the event of uncertainties such as accidents, fire, theft, flood, landslide, lightning, and also regular wear and tear, parts wear out, etc. are insured under an insurance policy. The insurance policy will take the financial burden of recovering your lost vehicle (or pay a certain amount) or restoring (repairs) your vehicle without spending a fortune.
Kinds of Two-Wheeler Insurance
There are two kinds of two-wheeler insurance policies that provide different types of coverage. In order to buy an insurance policy, the individual is required to review his/her requirements. The premium for these policies are calculated based on the type, make, and model of the vehicle. The individual can choose from one of the two insurance policy after considering his/her personal requirements and level of protection desired for the vehicle:
- Third Party Two-Wheeler Insurance Policy - Having a Third Party Two-Wheeler Insurance Policy for the two-wheeler is a must and also the minimum requirement by the traffic laws. This policy provides a certain amount of coverage in fixing the damage caused to your vehicle. To buy a Third Party Insurance Policy, the individual is required to pay a nominal premium amount on an annual basis.
- Comprehensive Two-Wheeler Insurance Policy - As the name sounds, this type of policy provides a comprehensive protection against damage to your vehicle. Whether the vehicle is stolen, involved in an accident, exposed to fire, damage or if lost due to flood, earthquake, or any other natural or manmade calamities, this policy will help you in fixing your vehicle without burning a hole in your pocket. This type of insurance is recommended to any owner, who wants to ensure the maximum level of security for their vehicle.
The premium for two-wheeler insurance policies is far lesser when compared to the premiums paid for cars and other vehicles. Moreover, the entire process of buying, renewing, and claiming process is simple, fast, and efficient. There are few insurers who offer add-on plan along with the two-wheeler insurance policy that will strengthen the coverage and increase the protection against various other damage threats. Also, certain policies allow the two-wheeler owners to add vital components of the two-wheeler to the coverage list that protect against wear-outs, failure, etc.