Two Wheeler Insurance Chennai

In a city like Chennai where there is such a large number of people dependent on their own vehicles for transport, motor insurance is becoming more and more frequently found. The popularity of owning own two wheeler, like the rest of the country, is becoming more and more popular in Tamil Nadu. The percentage of households which own a scooter or has increased from 16.1% in 2001 to 32.3% in 2011. In urban areas the figure has been a whopping 68.22% in 2011. As you can image, the numbers today is even bigger. The reason behind this steep increase is not only the fact that more people can afford to buy their own vehicle, and thus increase their convenience in traffic, but also the fact that the public transport available is just not up to the mark.

Basic motor insurance is a necessary according to the Indian law when you purchase a vehicle. There are two types of two wheeler insurance that you can opt for: Third party liability and comprehensive. Third-party liability policy only takes care of the expense that you have caused the other party in the event of an accident. It does not protect your vehicle against loss or damage. This is why third party insurance is much less expensive than comprehensive policy. A comprehensive policy on the other hand protects your vehicle against theft, loss and damage. It also takes care of the expense the owner/rider (due to bodily damage) will have to face in the event of an accident. The third-party liability is also taken care of with this policy.

The process to involves you informing the insurance company at the earliest so that they can send an inspector to make a report on the damage and providing a number of documents to the insurance company (such as police report, photocopy of the driving license, a copy of registration certificate of the vehicle, duly signed claim form, original copy of the repair invoice etc.).

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