Many people purchase two-wheeler insurance only because the law makes it compulsory to do so. As long as they have the required paperwork to show that they own a valid policy, they do not care one bit about what it covers and why it is essential to sign up for a plan in the first place. Only when a collision occurs or damage is caused, they regret and repent for not paying better attention. It is important to compare two-wheeler insurance and know what your two-wheeler insurance policy covers. Basically there are two plans and here are a few aspects both of these plans encapsulate.
Third Party Liability Insurance Policy
In case damage is caused to a third party, your insurance policy covers this damage. Under the third party liability insurance policy, critical and non-critical injuries are covered. Damaged caused to property of a third party is also covered. Personal accident coverage is also provided.
Comprehensive Insurance Policy
Under the comprehensive insurance policy, any kind of damage that occurs to you or your vehicle owing to man made or natural calamities is covered. This includes protection against earthquakes, cyclones, storms, floods, theft, malicious acts, strikes, collisions. It is also known as OD (Own Damage). The name itself suggests that it offers you complete and all-inclusive protection.
Other Factors To Consider
There are certain Personal accident coverage covers accidents responsible for temporary or permanent disabilities. It also offers coverage for damages arising when you are mounting or dismounting a two-wheeler. You can also purchase two-wheeler insurance online that covers the injuries that are sustained by pillion riders.
All in all, two-wheeler insurance policies offer protection against man made calamities, natural disasters as well as safeguard your legal interests. It gives you a complete sense of stability and security when you are on the road knowing and are not breaking any law and should any unfortunate incident occur, you are well covered. The best two-wheeler insurance policy is the one that caters to your individual needs and preferences without making you go overboard when it comes to your budget.
All in all, two-wheeler insurance policies offer protection against man made calamities, natural disasters as well as safeguard your legal interests. It gives you a complete sense of stability and security when you are on the road knowing and are not breaking any law and should any unfortunate incident occur, you are well covered. The best two-wheeler insurance policy is the one that caters to your individual needs and preferences without making you go overboard when it comes to your budget.