Bike Insurance in Green Park

We are doing Bike Insurance in Green Park. Weather you are looking a Comprehensive bike insurance or third party bike insurance in green park we are here for you. Cashless Bike insurance policy and no inspection is required. Complete online process with personal support. We are working in pan India for all types of insurance and our is located in Delhi. Take Third Party Bike insurance in Green Party at affordable price.

Why Bike Insurance in Important?

Bike insurance is important for several reasons, some of which are:

Protection against financial losses: Bike insurance provides protection against financial losses that may arise due to damages or loss of the insured bike. This includes damages caused by accidents, natural calamities, theft, and more.

Legal requirement: As per the Indian Motor Vehicles Act, 1988, it is mandatory for all bike owners to have at least third-party liability insurance. Without it, bike owners may face legal penalties, including fines, imprisonment, and cancellation of their driving license.

Personal accident coverage: Bike insurance also provides coverage for accidental injuries or death of the owner/driver of the insured bike. This can be particularly important in case of serious accidents that may result in significant medical expenses or loss of income.

Peace of mind: With bike insurance, bike owners can have peace of mind knowing that they are protected against financial losses and legal liabilities in case of any unfortunate events.

No-claim bonus: As mentioned earlier, bike insurance policies also offer a no-claim bonus (NCB) if the policyholder does not make any claims during the policy period. This can result in a significant discount on the premium during policy renewal, making it a financially wise decision.

Overall, bike insurance is an important investment that can help bike owners protect themselves against financial losses, legal liabilities, and personal injuries or loss of life.

Difference in third party bike insurance and full bike insurance?

Third-party bike insurance and full bike insurance (also known as comprehensive insurance) differ in the coverage they provide.

Third-party bike insurance is a mandatory type of insurance as per the Indian Motor Vehicles Act, 1988. It provides coverage only for damages or losses caused to a third party due to an accident involving the insured bike. This includes bodily injury, death, and property damage. However, it does not cover damages or losses to the insured bike itself. Therefore, if the insured bike is damaged or lost due to an accident, natural calamity, or theft, the policyholder will have to bear the financial burden of repairing or replacing the bike.

On the other hand, full bike insurance provides coverage for damages or losses caused to both third parties and the insured bike itself. In addition to third-party liability coverage, it covers damages or losses due to accidents, natural calamities, theft, and more. The policyholder can also opt for add-on covers such as zero depreciation cover, pillion rider cover, roadside assistance, and more, to enhance the coverage provided by the policy.

In summary, the main difference between third-party bike insurance and full bike insurance is that the former provides coverage only for damages or losses caused to third parties, while the latter provides coverage for damages or losses caused to both third parties and the insured bike itself. While third-party bike insurance is mandatory, full bike insurance is optional, but highly recommended for comprehensive coverage and protection against financial losses.