Now buying a policy has become a very easy and straightforward process but not all policies are according to you and not necessarily according to your needs. In such a situation, if you are buying such a policy which is not according to you, then there can be more loss. In such a situation, which customized policy will be best for you, we have brought information about it.
Let us know about different types of bike insurance policies.
1. Third-party cover
It is an essential insurance policy and covers the risk of loss to a third person. It is not legal to drive a vehicle on the road without valid third-party insurance. This is a limited insurance cover. However, it only compensates for damage caused to another’s vehicle and is not responsible for damages caused to your vehicle.
This is required under bike insurance and is known only as a rule. Third-party insurance also has its limits and covers only a certain extent for the damage caused to the person in front, and in this case, it only serves to protect against the traffic police. In such a situation, if you are also worried about your vehicle, then comprehensive insurance comes in handy.
2. Comprehensive Insurance
Comprehensive insurance provides complete coverage and also covers damage caused to your bike or other person or vehicle. Now since it covers your bike along with others, it is a bit expensive as compared to third parties. According to the new rules, it can be taken only for one year.
3. Additional Rider
You can also add additional riders to your bike insurance by paying a higher premium. This additional rider can be added at the time of taking the insurance or at the time of renewing it. These riders will get emergency assistance cover or 24-hour roadside assistance. In such a situation, if your bike breaks down at any time, you will get assistance to fix or tow it.
This includes general repairs at the scene, duplicate keys, tire replacement, jumpstart the battery, emptying the fuel tank and towing. If you own an expensive bike or are a frequent traveler, then it becomes very important to include it in your insurance. Along with this, you can add other things like engine protection, EMI protection, pillion rider expenses to your insurance.