The rate of accidents in two-wheelers is higher than any other vehicle on Indian roads. Hence, one should buy a comprehensive bike insurance policy to get coverage on accidental damages and injuries. In that case, it is good news that GIBL is providing bike insurance up to an 80{6a7eb58d4af33cb9621943d0580a039908480ffd99dc0e840bc0e6e09d3a9f4d} discount for two-wheeler owners thinking of buying coverage for their bikes.
Kolkata: The most popular vehicles that you will see on the Indian roads are none other than the two-wheelers. Riding a two-wheeler is always an amazing experience when you breeze through the traffic without any hindrance. However, it cannot be denied that two-wheelers are also exposed to high risks of injuries and fatalities.
When buying a two-wheeler, one must check the mileage, design, and price among others. At the same time, it is equally important to check what facilities you will be receiving when buying an insurance policy. In such scenarios, it is great news that GIBL is providing personalized bike insurance that is offering up to an 80{6a7eb58d4af33cb9621943d0580a039908480ffd99dc0e840bc0e6e09d3a9f4d} discount to two-wheeler owners. So if you are wondering why you should get two-wheeler insurance, check the facts given below.
Importance of a Two-wheeler Insurance
The rate of accidents is much higher in two-wheelers than four-wheelers which itself explains the importance of a comprehensive bike insurance policy that provides security from accidental damages and injuries. Moreover, motor insurance is compulsory according to the Motor Vehicles Act 1988.
On the other hand, only third-party insurance is mandatory by law, and people buy the third-party policy to save on premiums. It needs to be understood that having insufficient coverage is similar to having no insurance at all. Hence, one should always try to buy a comprehensive insurance policy that offers protection to the owner as well as to the third-party at the same time.
Tips to Choose the Best Two-wheeler Insurance
It is advisable to purchase comprehensive two-wheeler insurance as it offers an all-inclusive cover. However, one should take a well-researched decision when buying bike insurance after evaluating the following factors:
- Determine your coverage requirement
- Know your bike’s cubic capacity
- Choose a reputed insurer
- Understand Insurance Declared Value (IDV)
- Compare bike insurance online
- Never forget to read online reviews
If a two-wheeler owner considers the above points when buying bike insurance or renewing a policy, they will surely find themselves benefiting in the end. At the same time, it would be wise to evaluate your requirements when renewing your policy to ensure that the coverage satisfies your needs perfectly.
