Short Term Vs Long Term Two Wheeler Insurance Policies

Renewing your two wheeler insurance can be a pain. You have to keep track of the date of renewal and ensure that you pay the policy premium on time. Miss the date and you leave your two wheeler uninsured and vulnerable to accidents. What if I told you that you don’t have to worry about renewing your two wheeler insurance for a period of three years at a time?

A recent study indicates that close to 50% of vehicles plying on the road do not have insurance. More and more people fail to renew their policy and hence their vehicles become uninsured. To combat non-renewal, insurance companies offer long term two wheeler insurance that covers your two wheeler for a period of three years as opposed to short term two wheeler insurance that requires you to renew your two wheeler insurance annually. To know what to expect from these two policy types and to make an informed choice on your two wheeler insurance, read on!

PROS

CONS

PROS

CONS

Now that we have compared the two types, it is up to you to decide what insurance suits your needs the best! No matter what you choose, the two wheeler insurance experts at HDFC ERGO are trust-worthy and reliable and can sort out all of your two wheeler insurance needs. Consult the policy brochures and documents available on the website for a detailed description of policy details and coverage options. Choose HDFC ERGO for the best two wheeler insurance in the market.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the purchase.

This blog has been written by 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

Few other articles