Benefits of bike insurance


By Ritik Bhagat

Some people hesitate to insure two-wheelers (bikes, scooters, etc.) in order to save some money. They do not know that driving a vehicle without insurance can sometimes put them in big trouble. Bike Insurance protects you from a lot of accidental problems. In this article, we will know what are the benefits of getting Bike Insurance?

Avoidance of penalty and legal action

According to the Motor Vehicles Act, 1988, it is mandatory to have vehicle insurance. It is also mandatory to have a copy of this while driving. Action can be taken if you are caught driving without insurance. Penalty can be up to 1000 rupees or imprisonment for 3 months. Or both punishments can also be given simultaneously. Due to constant negligence, your driving license may also be canceled.

Compensation for injury or damage to someone else

The first benefit of getting Bike Insurance is that it protects you against third-party liabilities. Any other person, vehicle or property damage that your vehicle has to pay for compensation, etc., is subject to third-party liability. The expenses for the treatment of that person, the case of the court case and the expenses of the lawyer, etc., are also under this third-party liability. If you have not got Bike Insurance done then you have to bear all these expenses. This type of compensation is given by the Insurance Company when there is bike insurance.

Note: Compensation of loss to other person is determined according to that person’s financial status. In such a situation, it can be very heavy for you.

Compensation for damage, theft or damage to your bike

If you have taken comprehensive insurance, besides third party liability, you also get the benefit of Own Damage Cover (First Party Insurance). Own Damage Cover also compensates for damage to your bike in an accident. In addition to road accidents, losses are also covered in incidents of man-made calamities, natural calamities, or fire etc. The insurance company pays damages even if the bike is stolen or completely destroyed.

Help you / your family when you hurt yourself

Now it has become mandatory to take a personal accident cover of Rs 15 lakh with insurance for any vehicle. Whether you have just got Third Party Insurance, or have taken a comprehensive plan. With this, you or your family can get help of up to 15 lakhs if you (rider or driver) are harmed in an accident. 50 percent or 100 percent helps depending on the level of damage. If you do not have bike insurance, you or your family cannot get this help.

Note: With the help of Addon Personal accident cover, you can also increase the limit of 1.5 million. You can also take insurance cover for your co-passenger.

Cashless repairing and cashless treatment facilities

Some insurance companies, through Add On Cover, offer cashless repairing in their contracted garages without spending a penny. Later the insurance company pays it. Similarly, with the help of Add On Cashless hospitalization, you can also get the facility of treatment without spending money in case of injuries to the bike driver. Similarly, with Zero Depreciation, No No Claim Bonus and so on, there are also options to further strengthen your insurance.

A feeling of mental security and peace

Dealing with post-accident situations requires considerable thoughtfulness. The technical aspects of this are quite complicated, for which you may need a lawyer, insurance specialist, etc. All these things take a lot of time and mind. These problems are dealt with by the Insurance Company when there is Bike Insurance. You just have to deal with some basic processes. In this way Bike Insurance also gives you a sense of mental peace and security.

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