Like you, your vehicle needs insurance too. Whether you have a two wheeler or any other vehicle, having insurance for your vehicle is always a smarter and safer move. So, when your vehicle causes damage to another vehicle or when your own vehicle is damaged due to some accident, you will not have to worry about the expenses for repair.
What is Two-wheeler insurance?
If a person meets with an accident, and there is loss of life or severe damage caused to the person’s own two-wheeler or the other person’s two-wheeler, then a person will have to bear all the expenses all by himself. But, if a person has two-wheeler insurance, then the entire damage is covered under it. In addition to that, the amount you pay as a premium is much lesser than what you cover. It gives you security against theft, damage, third party damage or any other damage caused to your two-wheeler or someone else’s vehicle. In addition to this, the amount insured is much more than what you pay as a premium.
There are various reasons why you should have vehicle insurance. Let’s dig in more to understand the concept better:
- Need of the hour: In today’s fast life, it’s always better to be safe than to be sorry. When you ride a two-wheeler, you are more prone to face the danger, than a person sitting in a car. In such a scenario, you get coverage for self-injury, third party liability, damage or loss of the vehicle when you have insurance for your vehicle.
- Buy Online, buy hassle-free: You can buy two-wheeler insurance online. All you have to do is fill in the details required and then buy one. No complicated paperwork, hassles, time consuming formalities; just a few simple steps and you get one.
- Renew in minutes: You just have to spend few minutes on the internet for bike insurance renewal. Just like buying one, renewing one is also simple. Follow a few simple steps and there you go.
- Legal Security: Third party insurance also looks after the legal liability of the two-wheeler owner. For instance, if the owner meets with an accident, the third party insurance takes the financial burden off from the owner’s shoulder plus also prevents any kind of legal suit against the owner. In today’s uncertain world, it’s always smart to have your two-wheeler insured to face any uncertain incident in future.
- Secure Your Own Self: Even if you are riding safely and following all the rules, still you can be a victim of an accident caused due to someone else’s fault, negligence or mistake. In such a case, it’s always good to have insurance for your two-wheeler, in order to cover all the damage caused to your vehicle and your own self. And, if the situation is vice-versa then third party insurance comes into the picture.
- Easy Cancellation Procedure: The cancellation procedure of the policy is also as simple as the one when you buy or renew one. For instance, if you buy a three year policy, then it does not mean you are stuck with it. You can anytime opt out during the policy period, if you wish to. You can cancel the policy and get a refund of the unutilized policy whenever you want. But, it is always recommended to purchase a new one, before you cancel the old one.
- Stability At The Time Of An Emergency: When you meet with an accident, you go through so many emotions, physical injuries and much more. During such times being in the right state helps a lot. In such condition, having a security in the back of your mind due to insurance helps you to be patient and recover sooner.
