A third party liability vehicle insurance policy protects you from a financial shock in case you cause damage to third party by accident. A two wheeler insurance policy covers protection from natural and man-made calamities. Bike insurance policy can also have cashless features. An insurance policy keeps you safe on the road.
When you ride off in the morning on your bike it can be hard to predict what you might find on the way ahead. There is no way to predict what type of traffic you might have to face on the road and no matter how careful a rider you are, you can not take guarantee for the other riders and drivers with whom you share the road. India has one of the toughest traffic in the world. Travelling on such traffic requires some type of protection. To stay safe on the congested road, it is important to invest in vehicle insurance.
It is even more important for riders to invest in two wheeler insurance because the level of safety on a bike is lower as compared to a car. Two wheelers are more risky because they leave the rider open and unprotected from any sort of impact on the road. Therefore, two wheeler insurance is absolutely important. A basic form of such an insurance policy, also known as third party liability cover is mandatory by law for all vehicles on Indian roads. A third party liability can cover you in case of damage caused to another person or his property. In this manner, a two wheeler insurance plan can also protect you from a financial blow in case you accidentally cause damage to someone else on the road.
However, apart from this basic type of bike insurance, it is also important to look at other benefits to find out just how much more safer an insurance can make you. A comprehensive two wheeler insurance will protect your bike from natural or man made calamities. Natural calamities can mean fire, explosion, floods, earthquake etc. Man made calamities will cover incidents like burglary, theft, riot, strike etc. These benefits really help in cases that you cannot predict or even control. It can be quite frustrating to have your new bike damaged because of a natural calamity that you can do absolutely nothing about. Two wheeler insurance protects you from such scenarios.
An insurance plan can also include a personal accident cover with which the rider is covered in case of an accident. There is an optional passenger cover in the two wheeler insurance as well. A vehicle insurance policy protects you from a financial blow in case of a mishap. Bike insurance policy also has cashless features. The insurance company has a network of garages and workshops where you can take your bike for repair without worrying about the cash. A policy can have certain other benefits that are optional like cover for electrical or non electrical accessories etc.
Therefore a policy for your bike ensures safety for you as well as the machine.