On a sunny afternoon, Priya is having a great time riding her two-wheeler, enjoying the wind on her face as she moves through traffic. Suddenly, a car cuts in front of her, and she turns to avoid it, losing control and crashing into the sidewalk.
Thankfully, she escapes with only a few minor scrapes, but her bike isn't as lucky—it has a bent wheel, a broken headlight, and a damaged frame. When she takes it to the repair shop, the mechanic tells her it will cost ₹20,000 to fix.

If Priya had bought a comprehensive two-wheeler insurance policy, those repair costs could have been covered, allowing her to relax instead of worrying about money.

So, what is two-wheeler insurance ? It's like a safety net. If an accident, theft, or other unexpected problems happen, this agreement with your insurance company helps pay for the damages, so you can get back to enjoying your ride without stressing about costs.

What is two-wheeler insurance?

It is a type of insurance policy that provides financial protection for your motorcycle, scooter, or other two-wheeled vehicle in case of an accident, theft, or other unforeseen events. It acts as a safety net, helping you cover the costs of repairs, replacement, or medical expenses.

Types of two-wheeler Insurance

• Third-Party Insurance

• Comprehensive Insurance

• Standalone Own-Damage Insurance

Third-Party Insurance

It provides coverage for damages or injuries caused to another person, their vehicle, or property in an accident. It is legally required but does not protect your own two-wheeler.

What's Covered:

• Covers the death of a third party due to an accident.

• Bodily injury to a third party.

• Third-party property damage.

• Personal Accident Cover to owner-driver.

What's not covered:

• When the vehicle is used for purposes not allowed by the insurance policy.

• When driven by someone not authorized under the policy.

• Any claim arising from a contract or agreement made by the policyholder.

• Claims resulting from war, invasion, rebellion, civil unrest, or nuclear weapons usage.

Comprehensive Insurance

This covers both third-party liabilities and damages to your own bike from accidents, theft, or disasters. It offers broad protection and optional add-ons for more extensive coverage.

What's Covered:

• Protection against damage from accidents.

• Compensation if your two-wheeler is stolen.

• Financial support for damages due to floods, earthquakes, and other natural calamities.

• Benefits for injuries or death of the rider in an accident.

• Liability for damage caused to a third party's vehicle or property.

What's not covered:

• Indirect or additional losses from the accident are not covered.

• Losses due to radiation or nuclear incidents are excluded.

• No coverage if the vehicle is used outside the policy's geographical limits.

• Depreciation from aging or wear and tear is not covered.

• Repairs for electrical or mechanical failures are not included.

• No coverage if driving without a valid license or under the influence of drugs or alcohol.

Standalone Own-Damage Insurance

Without third-party liability, it only covers damages to your two-wheeler due to accidents, fire, or theft. It's useful for those who already have third-party insurance but want extra coverage for their own vehicle's protection.

What's Covered:

• Coverage for damages your two-wheeler sustains in an accident.

• Protection against financial loss due to fire or explosion.

• Compensation for theft-related losses if your two-wheeler is stolen.

• Covers the repair of your vehicle after natural disasters.

• Coverage for injuries or death of the rider in an accident.

What's not covered:

• Damages to third-party vehicles and property.

• Normal wear and tear, mechanical and electrical breakdowns.

• Use of the vehicle for unauthorized purposes or by someone without a valid license.

• Loss or damage while riding under the influence of alcohol or drugs.

• Depreciation in the vehicle's value and consequential losses from original damage.

• Damage to tyres and tubes is covered only if the vehicle is also damaged.

Factors to consider before buying Two wheeler Insurance

1. Type of Coverage: Choose between basic third-party insurance and comprehensive coverage that protects your vehicle.

2. Cost: Compare premiums on Policy.Online to find the best coverage at an affordable price.

3. Insurance Company Reputation: Select reliable insurers featured on Policy.Online known for excellent customer service and quick claims.

4. Claim Settlement Ratio: Look for companies with high claim settlement ratios t[/B]o ensure they reliably pay claims.

5. Extra Features: Consider optional add-ons like personal accident cover or roadside assistance available on Policy.Online.

6. Policy Exclusions: Check the exclusions to know what's not covered and avoid surprises later.

7. No Claim Bonus: Look for discounts offered for claim-free years, which can save you money on premiums.

8. Renewal Process: Find out how easy it is to renew your policy on Policy.Online and if there are any associated fees.

Conclusion

Two-wheeler insurance is crucial for protecting you and your bike from unexpected events. Knowing the types of coverage and important factors helps you choose the best policy for your needs. This ensures you have the necessary support in case something goes wrong.