What is a Bike Insurance?
The bike insurance policy is a contract between the bike owner and the insurance which provides financial coverage to the individual against loss or damage due to an accident. The insurance covers all the accidental damages caused while riding a motorbike.
Benefits Of Bike Insurance
Anything can happen while riding the motorbike, reason can be the absence of good roads, morning/evening rush hours, traffic jams are a part of our everyday life. However, rainfall or heat waves can also play a role such as slippery surfaces, muddy areas, sticky tar.
These all and many other situations can cause damages to the bike and the rider as well. To protect the policyholder from such accidents, it is financially it is imperative to have bike insurance.
The bike insurance provides financial covers that assist the rider to save a lot of money in case of accident/theft and coverage against third-party liability. Today even a small damage can cost up to thousands of rupees. The bike insurance policy protects you against financial loss and assists in repair without affecting your pocket.
The bike insurance does not only cover the damages to the vehicle but also provides financial assistance for the injuries of the rider.
A certain part of the cost of the spare parts would be borne by the insurance provider as mentioned in the policy document provided by the insurance provider
Any damage or injury at this age can lead to a huge loss. If you have bike insurance you can take care of these unwanted, unforeseen expenses. The policy gives peace of mind to the policyholder can make ride worry and stress-free.
What is covered under the Bike Policy?
When buying the bike insurance, the policy buyer must ensure what is included and what is not in the purchased policy.
Any loss caused to the policyholder of the vehicle (bike) due to natural calamities such as lightning, earthquake, flood, hurricane, cyclone, typhoon, storm, tempest, hailstorm, landslides, and all other mishaps would be covered.
The bike insurance policy covers the policyholder against strikes, riots, terrorist activity, and any other unforeseen calamity.
A personal accident provides cover to the policyholder against this injury a pre-determined amount set in the policy. The cover can also be availed if the policy faces any temporary or permanent disability.
This benefit will provide compensation to the policyholder in case the bike gets stolen.
This bike policy provides coverage against any loss of funds due to the third party. It also provides coverage to the third-party vehicle/ property as well.
This policy covers damages caused due to fire or explosion.
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