Bike insurance is a crucial step in being road-ready, for a
policy mandates that the insurance company will be liable for any sort of
damage in case of an accident or even theft.
With the increasing number of two wheelers accidents on the
streets, getting your bike insured has never been more important. Even so, a
number of bike owners remain unconvinced of the importance of owning such an
insurance policy. It is not at all a redundant outflow, but instead, it is what
you need to safeguard your interests each time you set out for a drive. Read on
to know of the usefulness of such a policy so you can get 2 wheeler insurance
online.
Obliging When you Damage a Third party
Accidents can be unpredictable and you never know the extent
of damage that can be caused in a split second. If by some miracle, you as well
as your vehicle remain undamaged, you may have badly hurt another individual or
their ride. When this happens, you have to pay for their damages, which could
cost you a lot especially if they have been extensively harmed. In such cases,
a third party policy can be invaluable when you cause a dent or any sort of
harm to another commuter.
A Cost-Effective Option
Many times, accidents not only damage another party, but
also cause substantial harm to your own vehicle. Upon gauging the extent of
damage and receiving a high repair estimate, you are often tempted to opt for
cheap repairs or go to a sub-standard garage so that you can save some money.
The only other option is to pay a high repair cost, if not abandon hopes of
driving the two wheeler again at all. Due coverage can help you circumvent such
a crisis as you can depend on the insurer in case of a road mishap.
They can pay for the expenses because you have been paying
them a monthly, yearly sum to ensure that your bike
insurance has been covered.
The Handiness of a Comprehensive Cover
Well, this is the coverage that most commuters opt for as it
not only takes care of your vehicle but the harm caused to third party as well.
Since it is useful in instances of robbery or individual mishaps as well, you
can be sure that you are secured against most misfortunes that include your
bike. What is more is that such policies are flexible and permit you to include
any lavish accessories or upgrades to your ride at a fractional increase in the
charge.
Also, if you wish to include the harm to self when you
drive, you can do that as well and ensure that the company pays for injuries,
loss of life or even disabilities stemming from the mishap.
Mandatory in Nature
If you thought that you could save some cash by not
purchasing a policy, you couldn’t be more wrong. Driving around without a
policy can get you penalized as these policies have been mandated by the
authorities. You simply must have third party insurance for your bike and
maintain a copy of it with you whenever you drive.
[Source: http://articles.abilogic.com/129016/incredibly-useful-nature-bike-insurance.html]
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