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5 Reasons Why You Should Prefer A Comprehensive 2 Wheeler Insurance Policy

By Author: bhargav baweja
Total Articles: 2

Two-wheelers are now the most common mode of transport in India. Their ease, cost-efficiency, and mobility have made them a go-to option in urban as well as rural areas. However, as compared to travelling by car or public transport, the risk involved in riding a two-wheeler is also higher. This makes it very important to ensure that your two-wheeler remains insured at all times.

While a 3rd party insurance is compulsory for every two-wheeler in India, an increasing number of people now prefer comprehensive insurance policies. While these policies are more expensive than a standard 3rd party insurance, they are known to offer better advantages too. Let us have a look at five reasons that make comprehensive insurance a preferred choice for two-wheelers-

1. Protection Against Damage to Own Bike

A 3rd party insurance only provides coverage for the 3rd party involved in the accident. However, with comprehensive insurance, even your own vehicle is protected. This ensures that your insurance provider will pay all the expenses of restoring your bike after an accident.
Moreover, in case if your two-wheeler is damaged beyond repair, the insurance company will pay the IDV (Insured Declared Value) to help you re-purchase a two-wheeler.

2. Your Medical Expenses are Covered Too

Apart from the two-wheeler, the rider too can get easily injured in a road accident. In this age where the medical costs are flying through the roof, such accidents can burn a deep hole in your budget.
However, if you have comprehensive insurance, even your medical expenses due to an accident while riding will be covered. In other words, this insurance works as a safety net to protect you against expensive medical bills.

3. Coverage for 3rd Party Property and Injury

If a 3rd party has suffered any property damage or injury in an accident involving you and your two-wheeler, the comprehensive insurance will handle all the expenses.

Even if the accident has resulted in the death of a 3rd party, your insurance provider will be responsible for paying compensation to the 3rd party’s family.

4. Disability and Death Coverage for You

It is not uncommon for a rider to suffer from temporary or permanent disability due to a road accident. Some of the accidents can also result in the death of the rider.

However, if your two-wheeler is insured with comprehensive insurance, the insurance provider will pay the medical expenses in case of disability and compensation in case of death.

5. Protection Against Damage Due to Natural or Man-Made Disasters

Apart from accidents, comprehensive 2-wheeler insurance will also protect your two-wheeler against natural and manmade disasters. This includes natural disasters such as earthquake, fire, explosion, lightning, landslide, and storm.

Damages caused due to manmade reasons such as terrorist attacks, strike, riot, malicious activity, theft, etc. are also covered.

Purchasing a Comprehensive Two-Wheeler Insurance

As you can see, there are several reasons to go for comprehensive insurance for your two-wheeler. But as there are now several insurance providers, it is essential to select a policy with the utmost care.
Prefer reputed insurance providers and go through the benefits of the policy before making the decision. Also, don’t forget to go through the policy wordings before paying for the policy. Use 3rd party insurance comparison portals to get instant quotes from top insurance providers and purchase insurance in a quick and hassle-free manner.

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