Two-Wheeler Insurance in Ranchi

Ranchi is the capital of Jharkhand, which is known for its bountiful forests. There are around 11,64854 registered two-wheelers in Jharkhand registered under the state motor vehicles department. Out of them, more than 7,000 are in Ranchi, and the number is rising by the day. With the rising number of two-wheelers on the road in Ranchi, the number of road accidents is also on the rise. An official statement from the traffic police in Ranchi in 2016 stated that several road accidents in the city stood at 2,893 in 2016. Hence, a two-wheeler insurance is highly significant in Ranchi.

The Motor Vehicles Act (MVA), 1988 states that every two-wheeler owner must have a. 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, 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 bike 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 a Two Wheeler Insurance Does Not Cover?

A two wheeler insurance does not cover the following loss of accessories, legal liability to the hired driver, personal accident cover for pillion riders, normal wear and tear, damage caused due to negligence of the driver, and damage caused if the driver was driving under the influence of alcohol or drugs