Sometimes, owners of two-wheeler do not bother about purchasing a two-wheeler insurance policy in spite of the fact that two-wheelers are more prone to accidents. Insurance companies state that two-wheeler owners, without having an insurance policy, can end up incurring extensive expenses if their vehicle gets damaged in an accident. Buying an insurance policy is mandated by law. So, it is important to have a two-wheeler insurance policy before you start riding your two-wheeler on the road. Not only this, a two-wheeler insurance policy also helps you to safeguard your savings against financial liabilities and avoid being into any legal hassle. Thus, instead of wasting your time, you should purchase a two-wheeler insurance policy for your bike or scooter at the earliest.
Purchasing Two-Wheeler Insurance Policy at the Earliest
An executive from an insurance company from which you decide to purchase an insurance policy for your two-wheeler, can better explain which particular category of insurance policy can effectively safeguard your savings against financial liabilities. If in case you are caught in an accident without having a proper two-wheeler insurance policy, then you will have to pay for the third party damage from your savings which can adversely affect your finances. Hence, you can’t deny the significance of having a two-wheeler insurance policy because it protects your hard earned savings. Now, let’s take a look at the reasons for purchasing two-wheeler insurance at the earliest:
- In case you meet with an accident, you can avoid legal hassles if you have two-wheeler insurance policy. However, you must ensure that the premium of the insurance policy has been paid on time, and the policy has not lapsed.
- In India, it is mandatory to have an up-to-date motor vehicle insurance policy even if you are the second or third owner of a two-wheeler.
- The insurance policy will also provide personal accident coverage with regard to the owner of the two-wheeler. This makes it all the more important to purchase a two-wheeler insurance policy.
- With comprehensive coverage, the insurance company will bear the major part of the cost of repairs if in case of an accident. In this regard, go for a no-depreciation policy to be fully covered on this front and avail cashless repairs.
As mentioned time and again, in order to safeguard yourself against incurring financial losses, you should never delay purchasing two-wheeler insurance policy. It is also advisable that you purchase the policy from a renowned company to be assured of excellent services and quick settlement of claims.
