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Benefits of Comprehensive Two-Wheeler Insurance

Published on May 19,2020. EST READ TIME: 5 MIN

The number of two-wheelers on Indian roadsis increasing day by day and so is the number of accidents. Due to this, it is highly essential to have two-wheeler insurance. The two-wheeler insurance will be your safety token while you enjoy a ride on your bike or scooter. It will ensure the safety of your vehicle and help in providing financial cover in case of an accident.

Two-wheeler insurance is one of the categories of motor insurance by which an insurance provider compensates for the damages or injuries caused due to accidents, natural/manmade disasters such as floods, earthquake, hurricane, theft, vandalism, etc.According to the Motor Vehicle Act, 1988, third party two-wheeler insurance is mandatory for any two-wheeler before it hits the road whereas comprehensive two-wheeler insurance is optional. Though, the latter is a choice, it is always better to have one for the vehicle.

What is comprehensive two-wheeler insurance?

A comprehensive two-wheeler insurance can be defined as the combination of third-party liability insurance and own-damage cover. The comprehensive two-wheeler insurance provides financial coverage against any damages caused to the vehicle and for any bodily injuries or disability caused to the rider/owner of the vehicle. You can enhance the coverage provided by a comprehensive two-wheeler insurance by including add-on into the base insurance plan.

The coverage provided by a comprehensive two-wheeler insurance policy is listed below.

a. Damage caused to your two-wheeler due to natural calamities

b. Covers damages/injuries caused to third party vehicle or third party person

c. Provides coverage against theft, robbery, fire or other malicious acts

Advantages of Comprehensive Two-Wheeler Insurance

a. Cover against third party liability

With comprehensive two-wheeler insurance, you can obtain coverage against any claims damages caused to third party vehicles or any bodily injuries, disability or death caused to third party persons during the accident in which the insured two-wheeler was present. The expenses incurred in repair of the third party vehicle or the hospitalization and treatment of third party person is covered.

b. Cover against the injuries of rider

If during an accident, the rider or the owner of the two-wheeler gets injured or suffers from a physical disability then the expenses incurred in the treatment or hospitalization are covered under the comprehensive two-wheeler insurance.

c. Personal Accident Cover

By comprehensive two-wheeler insurance, the owner/driver of the two-wheeler can avail of a personal accident cover. By personal accident cover, your two-wheeler insurance will cover or compensate for the expenses incurred during any physical injuries, disabilities or death of the owner/driver. The limit of the coverage provided by this personal accident cover is Rs. 15 lakhs.

d. Protection against cost incurred due to damages

Any damage, which is caused to the insured two-wheeler due to either natural calamities like floods, cyclones, hurricanes, earthquakes, etc. or due to manmade disasters like theft, robbery or any malicious acts will be covered under the comprehensive two-wheeler insurance.

Conclusion

Hence, with so many benefits provided by two-wheeler insurance it is necessary to have one but it is advisable to do detailed research on the benefits provided and the scope of the policy.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

This blog has been written by Mukesh Kumar | Motor Insurance Expert | 36+ years of experience in insurance industry

A veteran in the insurance industry, Mukesh Kumar has the expertise of handling various functions like Business Development, Underwriting, Claims, Human Resources, Quality Management and Marketing. With rich knowledge of the industry, he loves to share his views on topics of insurance sector and takes special interest in educating people on advantages of having insurance.

Mr. Mukesh Kumar recommends "getting your two wheeler insured from HDFC ERGO, a brand serving more than 1 crore+ customers. With overnight repair services and more than 6,800+ network garages, you can be assured of help in event of any damage to your vehicle


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