Two Wheelers have become an integral part of our daily lives, offering convenience and flexibility in navigating through high traffic. However, the joy of riding and freedom comes with its fair share of risks and responsibilities. This is where a two wheeler insurance plan comes to the rescue. It provides financial security against mishaps and uncertainties and also provides peace of mind to drive with confidence.

What is Two Wheeler Insurance?

Two-wheeler insurance is a financial safeguard that protects you and your vehicle against unforeseen events. This insurance plan is specifically for people who own scooters, motorcycles, and other two-wheeled vehicles to cover damages in case of accidents, injuries, theft, or natural disasters and offer liability coverage against third-party damages. It is mandatory to have a valid two-wheeler insurance policy in India to drive safely on the roads.

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Why Should You Buy a Two Wheeler Insurance?

Financial Protection

Accidents are unpredictable, and the financial repercussions can be intimidating. Two wheeler insurance acts as a shield, covering repair costs in the event of accidents, compensation for a stolen vehicle, or damages caused by natural disasters. This provides you with financial protection so that you can focus on your recovery rather than worrying about heavy dues and repair bills.

Legal Validity

Having two wheeler insurance is not just a choice but a legal necessity in India. Riding without insurance can lead to severe consequences, including hefty fines and legal repercussions. Therefore, having a valid insurance plan not solely provides a financial shield but also provides compliance with the law. To avoid legal troubles and ensure smooth rides, always carry a photocopy of your valid insurance policy.

Comprehensive Coverage

A comprehensive two wheeler insurance plan goes beyond covering damages to your vehicle. It extends to third-party liabilities, protecting you from legal claims arising due to accidents involving your vehicle. In unfortunate events like a total permanent disability or accidental death of the policyholder, the insurance company provides coverage up to Rs. 25 Lakh. This ensures that your loved ones are financially secure in challenging times and situations.

Peace of Mind

Two wheeler insurance provides a safety net that brings peace of mind to protect you against potential repair costs and financial liabilities. Whether it's a minor mishap, injury, burglary, or a significant accident, this insurance policy cover allows you to enjoy your ride on the road without constant worries.

Factors Influencing Two-Wheeler Insurance Premiums

Insured Declared Value (IDV)

IDV is the maximum amount the insurance company will pay in case of theft or a total loss. It represents the maximum sum insured, reflecting the current market value of your vehicle. Choosing a higher IDV might increase your premium, but also provide your vehicle a strong financial shield for better compensation in the event of substantial damages.

Geographical Factors

The location where you reside and the usage patterns of your two-wheeler significantly impact your insurance premium. Areas prone to theft or accidents may have higher premiums. Therefore, if you use your vehicle extensively, especially for long commutes or in high-traffic urban areas, your premium might be higher than others.

Add-On Covers

To enhance your two wheeler insurance coverage from Policy.Online, consider opting for add-on covers tailored to your specific needs and requirements. These can include:

Loss of Personal Belongings: Protects your valuable assets and personal belongings that you carry on your two-wheeler.

Protection of No Claim Bonus (NCB): Safeguard your earned NCB in case of a claim, ensuring that your premiums remain affordable.

Roadside Assistance Cover: In the event of a breakdown, this cover offers assistance such as towing, fuel delivery, and minor repairs.

Passenger Assistance Cover: Extend coverage to passengers on your two-wheeler, ensuring their medical expenses are taken care of in case of an accident.

Conclusion

Investing in the best two wheeler insurance is not just a choice but a legal responsibility for your financial protection and well-being on the road. With the right insurance plan, you can ride with confidence, knowing that you are protected against mishaps and uncertainties. So, whether you are a seasoned rider or a novice, make the smart move today and enjoy the ride with peace of mind.