What are the types of two-wheeler insurance that I can buy?

Three types of insurance are available to you: own damage coverage, third-party two-wheeler insurance, and comprehensive insurance. However, it is mandatory to have the third-party insurance in India.

Is two-wheeler insurance compulsory?

Every two-wheeler must have legal third-party bike insurance, according to the Motor Wheelers Act of 1988.

What about filing a claim in the event that my two-wheeler is taken?

You must register a FIR at the closest police station if you believe your bike or scooter has been stolen. After that, you must submit a copy of the aforementioned FIR along with any other paperwork needed to support your claim.

Can I change my two-wheeler insurance company?

You can, indeed! At least 45 days before your coverage expires, you must notify your current insurer. After that, you can select a new insurance.

Which Add-on Cover is Best for Two-wheeler Insurance?

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A two-wheeler insurance coverage protects the policyholder from any legal or financial difficulties brought on by harms done to a third party's person, vehicle, or property in the event of an unfortunate event.

So it becomes not only vital but mandatory to buy. However, only third-party insurance is necessary but not comprehensive two-wheeler insurance. So, the chances are that you might miss on some important coverages if you got the third-party two-wheeler insurance only. To cover the coverage benefits, insurance companies introduced Add-on covers. In this article, we will discuss the add-on covers in detail.