Here are the basics that you need to know before getting Two-Wheeler Insurance.
Just like Car Insurance for your car, Two-Wheeler Insurance for your bike is equally important.
What types of plans are available?
There are two types of Two-Wheeler Insurance plans that you can choose from.
Liability-only plans
A liability-only policy is a compulsory third party policy which covers damage to property of a third party, bodily injury or death. The option to take a personal accident cover is also provided for the owner/rider. A liability-only plan does not cover damage to your vehicle.
Comprehensive plans
A comprehensive policy covers damage to your vehicle apart from bodily injury, death, or damage to property of a third party.
When you apply for Two-Wheeler Insurance, you will get a liability only policy by default. You can choose to opt for a comprehensive policy in addition to your limited cover liability only policy.
Apart from this, there are many other factors that influence your Two-Wheeler Insurance premiums. Click here to read more.