Two wheeler insurance is a must and mandatory for every bike owner in the country. This helps in safeguarding and protecting the owner of the vehicle from road accidents and other such perils associated with motor vehicles. Being involved in a bike related incident can mean that you may have to spend a fortune on the treatment of not just yourself but also pay for the other party as well whom you might have harmed or have suffered losses.
Most people try to avoid buying two wheeler insurance, but given the adverse outcome of not having one is scarier. For those who find two wheeler insurance financially burdensome but still want to remain on the right side of the law, third party two wheeler insurance is only option. Basically, a third party two wheeler insurance policy comes in to play in case any third person or property is damaged as a result.
Usually the liability is unlimited according to the Indian government. The basic conditions under which the third party two wheeler insurance policies are liable to provide are
The person who is the occupant of the two wheeler vehicle (not hired) dies or suffers from bodily injuries
Any government property or any property apart from the vehicle gets damaged or destroyed. For the properties the liability is limited.
Third party two wheeler insurance policies are not valid if the accident occurs outside the geographical area or limits as mentioned in the policy document. The other condition under which the policy becomes invalid is, if the two wheeler vehicle is driven by someone other than the owner of the vehicle or the driver at the time of the accident.
Similar to other policies even the third party two wheeler insurance policies can be bought online. The online way which is also referred to as the ‘E - way’ is simpler and faster. This is because when opting to buy the third party two wheeler insurance policies online one need not fill long and tedious questionnaires and also need not conduct various meetings with the agent of the company representative.
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