3 min read
Updated on Aug 08, 2023
Two-wheelers are convenient vehicle options for short travels. But with conveniences come certain risks and uncertainties. You cannot negate the risk of road accidents. Maintaining a valid two-wheeler bike insurance policy provides a solid safeguard against such unfortunate circumstances. Not only because it is a legal compulsion, but it is necessary to maintain a bike policy for your own good. You can easily compare insurance online and avail yourself the best.
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There are two types of bike insurance policies:
The third-party plan covers the liabilities for all the injuries, loss and damages done to any property or person by someone else’s vehicle. But it does not offer any personal coverage. Therefore, it serves no good in respect of protecting the vehicle.
A comprehensive insurance plan covers personal damages, loss and even offers protection to your vehicle. In case of any damage or loss due to natural calamities, man-made incidents or loss, theft, this plan offers coverage.
However, you may or may not opt to buy a comprehensive plan, but maintaining a third-party policy is mandatory from the legal perspective.
Buying or renewing a comprehensive two-wheeler bike insurance is just a matter of minutes nowadays. Purchasing online bike policy has become the new trend. Moreover, the outbreak of pandemics has popularized it even further.
Although the online medium is simple, you have to keep an eye open for fraudulent messages and offers. After each payment, you have to ensure to keep the receipt for better tracking and avoiding any future obligations.
Also Read: Importance of Third Party Bike Insurance
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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Are you planning to buy bike insurance online? If so, you should have a good understanding of some jargons in the insurance sector, especially related.
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