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A Complete Overview About Third Party Insurance For Bike

By Author: Rahul Singh
Total Articles: 1

The policy covers you from all the risks and general liabilities that your bike is exposed to. The foremost benefit of getting this coverage from a trustworthy company is that you can reap the advantages of money saving measures. If you have-

• Are a trained and experienced driver.

• Have installed security devices on your two-wheelers.

• Have a clean driving record.

How to Choose a Reliable Insurer?

Prior to buying the third party liability cover for your bikes, it is important for you to conduct a thorough online research work, get quotes from the various insurance companies, read the testimonials, get referrals. This will help you choose an insurance agency that you can rely on.

Apart from that, you need to visit the websites of the insurance companies that you have zeroed on. After that, have a close look at the various aspects for which you are covered and then choose the policy as per your requirement and budget.

What is covered under Third Party Insurance for Bike?

The motorcycle rider or the policy holders are covered for the bodily injuries, for the property damage of the third party, for the physical damage like fire, theft, natural calamities like flood and cyclone etc., for the death of the third party and for the disability of the third party. The policy also takes care of any legal liabilities arising due to the collision of vehicles. If the third party claims for the loss of earnings due to inability to work then the insurer is bound to pay that claimed money also.

What are the Advantages of This Policy Cover?

• It covers the third party against the damage of life and property.

• It also covers the driver or the owner for the disability or death of the driver.

• It has a low premium when compared to the other policies.

• As it does not include the insurance of the vehicle’s owner, the documentation process is easy.

What are the disadvantages of the policy?

The policy has certain disadvantages also because of which comprehensive cover is recommended. It has certain exclusions like it does not cover any kind of compensation for the damages sustained by the insured person, it does not cover the loss incurred to the vehicle of the owner due to theft, robbery, fire or any natural or man-made calamities. It does not have any scope of add-on cover and hence it is not flexible.

Third party insurance for bike is made mandatory by the Government and hence it is a necessity rather than just a matter of choice. Normally, it is available for a year and has to be renewed. If you are renewing the policy from the same insurance company online, the process will be simple, quick and easy.

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