two wheeler insurance

1. Two Wheeler Insurance – What it is, and Why You Need it Much like cars (and almost everything you own, including your life), bikes and scooters need insurance as well. Protecting your Two Wheeler with proper Insurance gives you a sense of security, and protects your hard earned money from getting wasted; like in case of a total loss of vehicle, you may not be able to buy another one immediately. We can help you choose right insurance cover. Before anything else, let’s take a look at the types of two wheeler insurances: • Liability Only Insurance Policy: Mostly referred to as the Act Only Policy, this is a policy that is mandated by law in India. It covers third party property damage, loss, death or bodily injury to a third party. Comprehensive Insurance Policy: Sometimes referred to as a Package Policy, this is nothing but an addition of damage cover or theft cover added to a Liability Only policy. • But wait… before you proceed and choose the policy of your choice, keep in mind that the following things are not covered by two wheeler insurance: • • • • • Depreciation Wear and Tear Electrical Malfunctions Mechanical Malfunctions Theft of parts not covered

2. • • • • • Loss/damage under the influence of alcohol Loss/damage if driver does not have valid license Loss due to nuclear war Loss/damage due to usage for purposes not listed in the policy Loss/damage that occurs outside of geographical location specified Now that we have that out of the way, it brings us to our next point, which is – why do you even need two wheeler insurance? Let’s just take a look at some of the reasons… • • Mandatory by Law: Let’s face it – if it is mandated by law, then it needs to be followed. FinancialSafety: Nobody is perfect. Accidents are mostly caused by someone’s mistake on the road, and that someone could be you or any other people on the road. A comprehensive two wheeler insurance cover offers you the following. 1- Repair costs if your vehicle gets damaged in an accident 2- Third Party Liability (property damage, injury, death) arising on account of an accident with your vehicle 3- Theft 4- Medical expenditure • Cashless Facility: One of the many benefits of modern day insurance, one of the obvious is the cashless facility. Many insurance companies have tie ups with garages across the country. Cashless facility helps the insurance company settle the claim directly with the garage. Medical Expenditure: A comprehensive two wheeler insurance plan covers all your medical expenses up to a certain limit, if you sustain serious injuries due to an accident. • Now that you have this information, the next step is choosing the right policy. That’s where Policies365 steps in as your expert! When choosing a two wheeler insurance policy, keep the following things in mind: • • • • • Type of Insurance Sum Insured Comparisons (you can compare two wheeler insurance here) Buying Online (much easier, if you ask us!) The Finer Print (make sure that you go through all the terms in conditions) Now that we’ve told you what two wheeler insurance is, and how the policy covers work, why don’t you compare some on our website?