Why you should have a Two-Wheeler Insurance?

 In India, if you own a Two-Wheeler, it is mandatory to insure your vehicle. As per the Government norms, you should at least have a Third Party (TP) insurance for your vehicle. Providing the required aid at the time of risk, the insurance company plays a vital role in our during uncertainty. Under the umbrella of insurance, calamities like theft of vehicles, third party insurance, natural disaster, personal accident insurance etc. are covered. . If we will talk about insurance then there are two types of insurance: -

· Third-party liability insurance

· Comprehensive insurance

 




Third-party liability insurance

Third-party liability insurance offers a basic cover, it protects you against the damages caused to the third-party injuries and damages to their vehicle. For example-, you met an accident, and a third person is wounded as well as the vehicle is also damaged, here comes the role of your insurance company. Financial and legal concerns will be overseen by the insurance company. In case the TP lost his life then the financial responsibility of his/ her family’s will also be covered by the insurer. The insurer will compensate the family according to the norms.


Comprehensive insurance

This policy is also known as the Own Damage Policy. It covers both third party and own damage. Natural calamities like Flood, Lighting, Earthquake etc. or Man-made calamities like Burglary, Theft, Riots, Strike, Malicious act, Accident etc. are covered in this insurance. As the comprehensive or package policy covers both third party and own damage, the premium is comparatively higher which is worth it.



Benefits

· Get rid of financial problems.

· Get rid of legal problems.

· Hassle-free ride.

· Get compensation for mishappening on your two-wheeler.

· Covers you with of Personal Accident.

· You can also 50% of NCB (no claim bonus).

Conclusively

In the end, we suggest you to buy Two Wheeler Insurance policy. Although this is important according to the government norms, as well as it helps you to compensate at the time of mishappening. No one knows what will happen in future, so precaution is better than cure. A wise man once told “hope for the best and prepare for the worst”. So are you prepared? If no then insure your two-wheeler as soon as possible.

 

For More information you can Visit Here:- http://mannsgi.website2.me/



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