Two-wheeler Insurance For Young Riders: Why is it necessary?

Most teenagers, when they turn 18, get excited to ride their first bike. When you learn to ride, you are filled with enthusiasm. However, it is important to remember the driving practices that ensure safety and security. Also, it is important to have two-wheeler insurance that provides financial protection against most uncertainties regarding your bike.

With two-wheeler insurance, there are two broad categories: third-party two-wheeler insurance, and comprehensive two-wheeler insurance. For riders who want to keep their bike insurance price low and do not need additional protection, they choose a third party bike insurance. It covers an individual from only third-party accidental liabilities. However, to protect their bike from any damage, it is important to have comprehensive two-wheeler insurance, too.* Standard T&C Apply

Here is why young riders must buy comprehensive insurance for their bike along with third-party two-wheeler insurance:

• Covers damages caused to the bike

When you buy any standard bike insurance policy, you get a cover against losses or damages caused by nature and manmade calamities. The insurance company covers manmade activities like riots or thefts are covered under the insurance. Also, the policy covers loss or harm that is caused to your bike because of natural calamities like tsunamis, earthquakes, floods, hurricanes, or thunderstorms. *

• Protects the two-wheeler

Comprehensive insurance bears the costs incurred in protecting your bike. This includes the funds one has to pay for the damages caused to the bike. This is the case when the bike is still in a state of repair. However, if the damage is severe and the bike cannot be repaired, one can claim the Insured Declared Value (IDV) of their two-wheeler. *

• Provides coverage towards death or disability of the rider

A bike insurance policy also covers the death or disability of the rider. Comprehensive two-wheeler policies have several inclusions and protect the life of the biker too. With an accident, the rider’s medical expenses are covered. Also, the insurance company provides financial assistance in case of partial or complete physical disability. *

• Provides coverage to the rider against personal injuries

A comprehensive plan aims to provide overall protection where the coverage is provided against personal injuries to the rider as well. This is provided at the time of the accident if the rider carried their valid driver’s license. The medical expenses incurred because of the injuries caused by the rider are covered in it. *

Above are the several perks that one can get when they purchase comprehensive two-wheeler insurance along with it, a third party bike insurance ensures that all your legal liabilities towards a third party in case of an accident are covered. It usually covers property damage, damage or loss caused to the vehicle parts of the third party, and any physical injuries or death regarding the third party. Having both the insurance ensures all-around protection for your bike and yourself as a rider. Do take your budget and needs into consideration and choose a bike insurance price that you can pay with ease. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.