Riding a motorcycle can give you a thrill like no other. It is imperative to keep in mind that riding a bike in India is not an easy thing to do, given the road conditions and the traffic issues all over the country. It thus becomes compulsory to buy motorcycle insurance online. In order to get the best benefits for the cheapest price, you need to choose the right online two wheeler insurance policy for your motorcycle.
Here, we will take a quick glance at the 5 most important things you must know about motorcycle insurance online in India.
1. Mode of protection for your motorcycle
A motorcycle insurance plan provides enough protection to you and your two-wheeler in case of any natural or man-made disaster, theft, accident, etc. It also protects you against repair or compensation cost for third party damages caused by your bike. In order to get the best options at the most competitive price, you need to compare and choose from the array of motorcycle insurances online.
2. A choice between Third Party Cover and Comprehensive Two-wheeler policy
You must know that the Third-Party Cover only provides protection to the third-party damage of a bike, property or life. It is mandatory to have a third-party cover of a two-wheeler, as per the Government of India and Motor Vehicles Act 1988.
However, a Comprehensive two-wheeler policy provides cover not only for the third-party damages but also to you and your own vehicle. Though taking a Comprehensive cover is not compulsory, it gives you full proof protection while you ride your two-wheeler on the roads of India. So, you must make a prudent choice when you are choosing basic motorcycle insurance online.
3. Varied platter of Riders
The various online two wheeler insurance policies have a large range of add ons or riders available with them. The riders include No claim bonus, Zero Depreciation Cover, payment of Insured Declared Value or Emergency Roadside Assistance Cover. Though these riders come for higher payment of premium, yet they are hugely beneficial at the time of claim settlement. Hence, you must acquaint yourself with the various features and the different riders available for your online two wheeler insurance policy. Contact Mahindra Insurance contact number to resolve your query.
4. Financial Security
Your online two wheeler insurance policy provides financial security against any amount incurred for the cost of repair of the bike or replacing it in case of damage by way of an accident, theft or any disaster. It also covers the cost of treatment of the bodily injuries of the rider, pillion rider or for an injured third party. The right kind of motorcycle insurance online helps to protect you from digging a hole into your savings owing to a sudden unfortunate or untoward incident. This also helps you to have mental peace and keeps you free from any financial stress!
5. Provides Legal Protection
As per the Motor Vehicles Act of India, 1988, it is compulsory to have two-wheeler insurance in place in order to ride on Indian roads. So, carrying a copy of your online two-wheeler insurance policy will keep you protected legally, in case the motorcycle is caught on the road, against paying any penalty or fines to the government or police.
Some of the best two-wheeler insurance policies are available online. You must ensure that you buy the most effective motorcycle insurance online, which will not only provide the best coverage for your vehicle but will also be pocket-friendly!
