Two Wheeler Insurance: Things To Know

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Two wheeler insurance policy provides protection from any liability or damage to an individual or property by your two-wheeler. The two-wheelers include the scooter, motorcycle, moped, etc.

A two-wheeler insurance policy protects and covers the cost of damage to your vehicle due to unforeseen incidents such as accidents, natural calamities, theft, etc. Two wheelers insurance save the owner from paying a significant amount of money in the event of any incidents and damage affecting the insured two-wheeler.

Liability Only Insurance

Liability only insurance provides insurance coverage in case of damage caused by the insured vehicle to a third party. All two wheelers are required to have this form of insurance in India.

Comprehensive Insurance

Comprehensive two wheeler insurance provides coverage for third party liability as well as protection for the insured two wheeler and rider. overs damage to the vehicle arising out of natural and man-made calamities as well as coverage for the owner and rider.

Damages covered

The damages covered by a comprehensive two wheeler insurance policy are listed below:

Natural calamities

Partial or total damage arising out of the following are covered:

  1. Flood
  2. Fire
  3. Earthquake
  4. Lightning strike
  5. Self-ignition
  6. Landslide
  7. Cyclone
  8. Storm. 

 

Man-made calamities

Man-made calamities: partial or total damage arising out of the following are covered:

  • Theft
  • Burglary
  • Riots
  • Aggressive acts by an external force
  • Wilful damage
  • Malicious acts

 

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