Second Hand Two Wheeler Insurance

Second hand bike insurance, also known as second hand two-wheeler insurance, is one of the essential purchases one has to make when owning and maintaining a bike in India. We, as customers, chase value and opt for products that offer the most of it. Second hand bikes are a great example of that, offering both utility and a medium of fulfilling a biker’s passion, all at a reasonable cost. So, to protect your cherished second-hand two-wheeler from unforeseen damages and losses, having it covered with proper second hand bike insurance is necessary. There are many reasons why people buy a second hand bike, like getting habituated with the art of riding before switching to a new, more expensive motorcycle, operating it as a secondary vehicle, using it as a cheaper means of transport, etc. No matter the reasons, having the right two-wheeler insurance coverage for it is just as important as getting a brand-new bike insured in India. Also, the Motor Vehicles Act 1988 makes it mandatory for every motor vehicle owner to get their vehicles, both brand new and second-hand, insured against third-party liabilities.

But moving beyond the legal requirement of bike insurance second hand, having this policy is highly advised due to its other benefits. It not only provides peace of mind to a used bike owner against theft but also acts as a financial safety net against damages or losses sustained by the bike in an accident. You can also tweak the plan per your coverage needs by option for add-ons with comprehensive used bike insurance. Find feature-packed and affordable second hand bike insurance policies on HDFC ERGO, starting from just INR 538/year.