Two-Wheeler Insurance is an insurance program designed to protect bikes. It covers repairs in the case of damage caused by an accident to the bike. In addition to incidents, it offers protection against financial loss due to theft, natural disasters, vandalism, and more. And third-party liability.
Comprehensive bike insurance is designed to protect against third-party liability, loss or damage due to theft or man-made as well as natural catastrophes, and personal accident protection for the bike's driver. But, the policy will not provide compensation if the bike owner is driving the vehicle while under the influence of alcohol or out of the pre-defined geographical zone. We suggest a Tata AIG comprehensive two-wheeler insurance policy that provides complete security for your bike.
A standalone Personal Damage Bike Insurance Policy is beneficial when an accident could cause damage to your bike. Although the Own Damage insurance policy cannot handle third-party liability, your bike will get financial protection from damages to your bike due to natural or man-made catastrophes and fires. This two-wheeler insurance policy also provides reimbursement in the event of the loss of your bike.
Third-party two-wheeler insurance is legally required for anyone who wants to take their bicycle out on the roads. The insurance policy, a standalone third-party policy, will assist you if, in the event of an accident, your vehicle causes damage to another vehicle or injury to an individual who is not a third party. However, your bicycle will not get the same protection as this policy. The bike's damage, as well as the loss of your bike, aren't covered by a third-party policy.