Riding a bike on rugged roads and soaking in the fierce winds translates to adventure for some bikers and joy for others. However, this experience often overshadows the potential dangers.
In the rush of hundreds and thousands of vehicles driving on Indian roads, bike insurance covers unprecedented damages caused by road accidents, be it personal or third-party. This section walks you through the bike insurance benefits that act as a financial shield covering the expenses associated with such mishaps, natural disasters, and more.
Advantages of Bike Insurance
- Ensures legal compliance: One of the most important bike insurance benefits is protecting you against legal ramifications. The Motor Vehicles Act of 1988 entails that one must have at least a valid third-party bike insurance policy.
- Protects you and your vehicle: Bike insurance provides coverage for vehicle damage. It also safeguards the rider with personal injury coverage, which eases the stress of medical expenses following accidents.
- Covers third-party liability: Road accidents often pose a domino effect. Bike insurance helps deal with legal and financial issues if and when third-party liability concerns arise. It helps shoulder the responsibility of third-party property damage and bodily injuries, rendering a smoother road to resolution.
- Protects against natural and man-made disasters: Bike insurance benefits also include coverage against natural calamities or man-made accidents. A comprehensive insurance plan acts as a financial shield when an unforeseen event or accident occurs due to landslides, theft, etc.
- Offers Peace of Mind: Considering the above-mentioned bike insurance benefits, it is fair to deem it a peace-maker, ultimately keeping the stress miles and miles away.
Conclusion
Bike insurance benefits the vehicle and the rider in multiple ways. While having third-party insurance as per the law is crucial, getting comprehensive coverage is the best bet for avoiding both personal and third-party liability. The fact that this type of insurance is customisable and cost-effective makes it seamless to opt for coverage as per individual preferences.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.