Are you buying a two-wheeler? Well, getting a bike insurance policy is essential. It does not only protect your bike but also saves you from various issues. No matter if you are buying a second-hand model or a new Yamaha Lexi, you have to get a policy.
If you have some doubts, you have to read this article completely. In the following, we are sharing the top advantages of bike insurance. You see, it can help you a lot. So, before getting the insurance, make sure you consider these factors.
What is Bike Insurance?
In simple words, bike insurance or two-wheeler insurance is a safeguarding policy that can prevent financial losses. A person can get the facilities when an unfortunate event occurs.
Most bike companies advise customers to get the policy as soon as they purchase the bike. Hence, you can have several legal problems if your bike doesn’t have insurance. That’s why we are sharing the top benefits of getting a two-wheeler policy in the next section.
Top Advantage of Bike Insurance
Now, you know the basics of the two-wheeler insurance policy. The best thing is there are so many advantages to getting this policy. In the following list, we have handpicked the top advantages of bike insurance:
- Protection Against Natural Disasters
One of the best advantages of getting this policy is it can give protection against natural disasters. You see, we can’t predict natural disasters. It can affect your vehicle. In this case, an insurance policy can be your savior. It can prevent financial losses from natural disasters such as earthquakes, cyclones, or floods.
- Legal Liability Protection
When a third party gets affected by an accident that your bike is involved in, you have to pay for legal liabilities. It can be very complicated in most cases. However, most two-wheeler policies provide legal liability protection. That means, the insurance company will pay for the legal liabilities.
- Cashless Claim
One of the best benefits of two-wheeler insurance is the cashless claim. That means you can take your damaged vehicle to any garage that is affiliated with the insurance company. The bill will be settled between the garage owner and your insurance company. You don’t have to pay anything.
- Coverage For Personal Accident
It’s not unknown that you are getting insurance coverage for bike accidents. Besides third-party liabilities, the policy provider also gives coverage for personal accidents.
Hence, it’s one of the most common features of a policy. Well, if you already have a separate policy for personal accidents, you can avoid this feature while purchasing the bike insurance.
Getting a bike insurance policy can make your life stress-free. You see, we can’t predict what’s happening next in our life. Most people are worried about the risk of buying a bike. Well, it happens because of the fear of unfortunate possibilities. In this case, the policy can reduce the stress by reducing the risk.
- Zero Penalties
Another good thing about bike insurance is it has zero penalties. Well, traffic police can ask you for your bike’s insurance papers alongside the driving license. If you can’t show them papers, they will charge a fine. Hence, they can also put you in jail.
- Long Term Insurance
Most two-wheeler insurance companies provide long-term policies. That means you can relax for at least three years after purchasing the policy. Moreover, you don’t need to pay a yearly premium. There’s no yearly deadline when it comes to a bike insurance policy.
- Comprehensive Protection
The best thing about a two-wheeler policy is it can cover everything including third-party liability, bike damages, and your personal injuries. On the other hand, you can also include some add-on features. For example, some policies can provide personal accidental coverage. Make sure you are reading all the benefits and features before purchasing.
Finally, you know the benefits of bike insurance. We have shared the top points in this article. So, make sure you get the policy while purchasing your bike. Most companies provide insurance. However, you can also do some research before buying. For more information regarding this topic, you can get some resources on the internet.