Importance of Own Damage Cover Vs Third Party Bike Insurance Explained! | Own Damage Bike Insurance

Own Damage Bike Insurance:

He also talks about why people should opt for a comprehensive bike insurance plan because it covers their own damage and as well as third party liability cover.

After the Motor Vehicle Act 1988, it is compulsory for all two-wheeler owners to obtain at least third-party bike insurance before riding the vehicle on the roads. However, it does not
guarantee any financial protection against the damages or losses incurred to your own vehicle in any unforeseen mishap.

With the rising numbers of road accidents in India, no one can feel safe without having
extensive coverage for their rides. Therefore, it becomes necessary to have a comprehensive
bike insurance plan.

This insurance plan facilitates the safety of your precious possession from the several damages caused by accidents, unexpected natural disasters, man-made activities, theft, burglary, total loss, fire, etc. This plan helps to keep your worries aside by protecting your vehicle as well as the liabilities towards the loss or damage of third-party property or life.

Some perks of having a comprehensive bike insurance policy are as follows-

It protects your insured two-wheeler from the damages and loss caused by manmade activities like theft, riots, vandalism, etc. In India, 70 to 75% of claims on two-wheelers are raised because of theft.

As per a report by Delhi Police Data, 26,432 two-wheeler theft cases were reported in Delhi. Therefore, if you don't have standalone own-damage bike insurance, then it might create a hole in your pocket.

It covers all the loss or harm caused to the insured bike due to natural calamities like earthquakes, floods, cyclones, thunderstorms, etc.

It protects your own vehicle from the damage caused during an accident or crash.

It also covers legal and financial liabilities towards the third party in case of an accident.

It covers loss of third-party vehicle, property, physical injuries or death of the third party
in an accident caused by the insured two-wheeler.

Why should you Buy Insurance from Policybazaar Insurance Brokers Private Limited?

Compare multiple two-wheeler insurance plans offered by 20+ insurers and save up to 85%.

24x7 customer support to resolve all your queries and assist you whenever needed.

Enjoy a cashless claim facility with several network garages available across the country.

Transfer your NCB without any hassles.

Time stamp:

00:00 - Introduction about uninsured two-wheeler in India
00:33 - Two wheeler Third Party Insurance
1:49 - Importance of Comprehensive two wheeler insurance & coverage
2:45 - What happens if you don't have two wheeler insurance
3:12 - Why you must buy a comprehensive two wheeler insurance plan?

--------------------------------------------------------------------------------------------------------------------------------------------
➡️ Playlists to Checkout:

--------------------------------------------------------------------------------------------------------------------------------------------

Connect with us:

-------------------------------------------------------------------------------------------
Compare. Buy. Save.

#bikeinsurance #twowheelerinsurance #thirdpartybikeinsurance #owndamagecover #comprehensivebikeinsurancepolicy

[Ankhaunt]

Please spread this information to more people. There is a lack of information regarding this own damage insurance. That's why I'm here to learn about this. so many people like me don't know the difference between Third party insurance (5 years) and own damage insurance (1 year)

[angelenekaur]

Pritesh Kumar Jain PW33063 Resolved problem, efficient service

[SK-nujt]

Abhishek PW06064
Really satisfied with the service. Quick helping and thanks to policy bazar team for helping me to get my insurance done. Keep up the good work.

[miss.shatakshichoudhary]

Very good Kindly mention --PW33063 pritesh Jain

[anujgoel]

Pritesh Jain PW33063
Really satisfied with the service. Keep up the good work.

[sumitpanchal]

Really helpful and satisfied with the service and queries. Keep up the good work pritesh Kumar Employee id --PW33063

[PraveenKumar-qrmc]

Employee ID --PW33063
Pritesh Kumar Jain.

Very much satisfied with his service.
Helpful and professional.