It does not matter who you are or what you do, having a good insurance policy is a must if you want a financially secure and anxiety-free life for yourself and your family. This is because regardless of your present situation, you can neither see nor control the future. Various calamities such as accidents and illnesses can change anyone’s life overnight. And without a plan to deal with such emergencies, you will be left floundering and helpless when things don’t go according to plan. There are, of course, various types of insurance policies that you can buy to protect yourself and your family members against different kinds of emergencies.
They are:
- Life insurance policy
- Health insurance policy
- Commercial insurance policy
- Motor insurance Policy
- Home insurance policy
Liabilities covered under a two-wheeler insurance policy
Of these, motor insurance policy is one of the most important types of insurance plans. This is because this is the only type of insurance that can affect other people, even those who are in no way connected to the insured person or vehicle.
If you get sick or your business sustains a loss or your house burns down, the only people affected will be you and your loved ones. However, a car or bike accident can not only harm the owner of the vehicle but also an innocent third party who is in no way related to the owner. This is why if you own a bike, it is highly important to buy a long term two wheeler insurance plan from a reputed insurance company.
Some of the liabilities covered under such a policy are:
Of these, motor insurance policy is one of the most important types of insurance plans. This is because this is the only type of insurance that can affect other people, even those who are in no way connected to the insured person or vehicle.
If you get sick or your business sustains a loss or your house burns down, the only people affected will be you and your loved ones. However, a car or bike accident can not only harm the owner of the vehicle but also an innocent third party who is in no way related to the owner. This is why if you own a bike, it is highly important to buy a long term two wheeler insurance plan from a reputed insurance company.
Some of the liabilities covered under such a policy are:
- If you meet with an accident, the policy will cover all the expenses relating to your treatment, hospitalization, any required surgeries, physiotherapy, etc.
- It will cover the costs of repairing the damaged vehicle itself and restoring it to its original condition.
- It will cover any third party liabilities that the vehicle-owner might owe, in case the accident led to the injury of another person or damaged their property.
- A good bike insurance policy will compensate you for your loss if the vehicle gets stolen or damaged in a strike, riot, terrorist attack, or natural disaster.
When buying an insurance policy for your bike, however, you must be sure to only purchase a plan from a reputed and trusted insurance provider. You can also do some research on the internet to find a plan that provides the best coverage for a reasonable premium.
