A Comprehensive Guide To Two Wheeler Insurance
Two-wheeler insurance in India is broadly offered as a mandatory-third party cover under liability-only and a package policy that includes third-party liability and damage to your own vehicle also. This guide will serve as an information repository about all things related to two wheeler insurance in India. Not only is a two-wheeler insurance mandatory as per Indian law, but it will also cover you against various risks like accidents and theft or loss of your two-wheeler. A third-party liability policy for two-wheelers will cover the death, bodily injury and damage to property accidentally caused to third party. A comprehensive two-wheeler insurance policy will offer protection against damage and loss to your own vehicle in addition to third-party cover.
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Insuring two wheeler vehicle is compulsory by law in India. The Motor Vehicles Act makes it mandatory for all owners to insure their vehicle and ensure timely renewal. This applies to two wheelers as well.
We hear stories of sham insurance claims all the time in the news and they are increasing by the day. In most cases,
Two-wheelers on the road are cursed by four wheeler drivers every day because they always seem to be cutting ahead, riding on the pavements and getting home so much faster than their four-wheeled brothers.
The rainy season might be poetic and beautiful, but it’s sure not a walk in the park for two-wheeler owners. Not only is it much more difficult to ride in the rains, but maintaining their pride and joy that is their bike is no easy task either.
In this day and age when you can buy anything from a forty-rupees-nail polish to a diamond necklace worth lakhs online with just some clicks, buying yourself a new ride should be easier than pie. And it is, but how will you make the right choice?
Motor insurance in India is mandatory by law for all vehicles registered and plying on Indian roads. This rule also applies for two wheelers. Noncompliance can lead to enforcement of legal punishments which includes hefty fines and prosecution under various road safety laws such as provisions under the Motor Vehicle Act.
There is some amount of risk when buying any used vehicle. The only way to reduce this risk is to find out as much as possible about the bike before you narrow down and write that cheque.
There are so many things to consider in the process of choosing a used motorcycle. First of all, what kind of used motorcycle do you want? Where should you look to buy it at? What should you look out for when looking at different bikes?
While buying a used two-wheeler, a buyer has to keep certain things in mind like the condition of the vehicle, authenticity of the seller, etc. One of the most important part is the paperwork involved in the process, which finalizes the purchase.
Buying any used vehicle carries some risks. It is best to consult an expert, but you can inspect a lot of the bike yourself.
For some it’s a passion, for others a convenient way to commute. And for some it’s a deliberate effort to reduce traffic on the roads. Whatever the reason behind your purchase of a two wheeler, it is a huge responsibility to own and use a two wheeler.
Timely renewal of your bike insurance benefits in many ways. In not only ensures continuity in cover, but also gives you a sense of security. Having an active motor insurance is also mandatory by law.
People may not understand the bond you have with your bike. She is your pride and joy. (Not to mention a huge investment.) She is also reliable, always available and well, beautiful! So isn’t it important to make sure it is insured?
For most of us, our two wheeler is a sense of pride and an object of necessity. A two wheeler insurance policy is an absolute necessity if you are looking at protecting your vehicle against third party liability, unexpected damage and theft.
Only you know the value of your bike, the real value. It is your blood and sweat. A thing of pride. The basic third party insurance that the law requires you to buy is just not enough when it comes to your hard earned vehicle.
We sure do love our two wheelers. What’s better than our own set of wheels to navigate in the congested Indian roads? Not only is it affordable for most of us (with a little help from the friendly folks at the bank), but it is also convenient and relatively low maintenance.
Though two wheelers are the smartest mode of transport when it comes to avoiding dense traffic, given the rickety state of Indian roads, two wheelers are more vulnerable to road accidents than other vehicles.
Two wheeler riding gives you a rush like no other. Delicately balanced on two wheels, you need a certain amount of skill, practice and also adhere to safety precautions.
Proper bike maintenance is something you must do anyway. Not only is it instrumental in keeping you (and others) safe on the road, but it can also bump down your monthly petrol bills.
Unlike land and property, a two-wheeler or a car is a depreciating asset meaning its value decreases with time. Any two-wheeler owner knows that normal wear and tear of the vehicle with time is unavoidable.
Mr.Rajan was all set to buy a new two-wheeler - he had done his research, picked the dealer carefully after reading reviews, arranged for funds and had kept all documents ready for the registration.
According to the Indian Motor Act, two wheeler insurance is compulsory in the country legally, as with any other automobile. Bikes and scooters being the most favored transportation means due to convenience, low maintenance and reasonable price has the maximum number of buyers.
The options for bike insurance are almost too large to fathom. If you are looking to find a new insurance or to renew a policy, there are so many options available out there; but it’s not always about trying to get the cheapest premium.
Buying a two-wheeler has become more of a necessity than luxury given the problems with transportation. Having your own motorcycle spells freedom, convenience and availability at all times.