Know About Two Wheeler Insurance Comprehensive Cover
9 Feb 2018
All You Need to Know About Comprehensive Policy Package Cover
In India, two-wheelers are the most common mode of transportation for daily commute. The reason behind this is the quick mobility of the vehicle through the narrow Indian roads. Since the usage of two-wheelers is more, so is the accompanying cost of maintenance. This cost can turn out to be more expensive if the two-wheeler is not insured under the right kind of motor insurance.The aim of the bike insurance is to offer financial cover to two-wheelers in case of any accidental damage or theft. Hence, it is necessary to buy two-wheeler insurance which offers secure coverage over a long period. Motor insurance in India has been mandated by the Indian law. You must read policy documents thoroughly prior to buying two-wheeler insurance policy. With many aspects to this policy, being aware of some of them will help you stay informed about your coverage.
1. Man-made Calamities
Calamities that include any kind of damage caused to the vehicle because of humans are man-made calamities. It could be an accident or mishap due to external factors like strikes, thefts, collision, malicious acts, etc. This also includes the transit damage when your vehicle is being transferred via road, rail, air or water. Man-made calamities are covered under the comprehensive policy.
2. Natural Calamities or Events
Natural occurrences or calamities include fire outbreak, earthquakes, lightning, floods, typhoons, hurricanes, draughts, landslides, rains, cyclones, etc. The damage caused to the two-wheeler due to such calamities is covered by comprehensive policy under the two-wheeler insurance policy.
3. Personal Accident Coverage
The cost from personal accidents of two-wheelers is high. Comprehensive insurance policy covers the damage caused by such accidents. These include compensation for such damages when you are riding the bike, mounting and dismounting it. Under certain two-wheeler insurance policies, you also get coverage for the pillion rider.
Since buying a bike insurance is mandatory in India, many people purchase it just for the sake of law. Little does one realize the potential hazards they could encounter with a two-wheeler. Hence it is necessary to buy a comprehensive two-wheeler insurance. Also reading the policy thoroughly helps you understand the extent of the policy coverage.