Why do I need Two Wheeler Insurance | Bike Insurance?
Under the Motor Vehicles Act, 1988 it is mandatory to insure your motorcycle with a third-party insurance policy. This type of plan provides compensation for any damages or injuries caused to others in an accident you are part of.
However, besides this mandatory form of protection, you should also get bike insurance to protect you from financial losses caused to your bike due to accidents, theft and other unfortunate events. However, this sort of protection, you will have to purchase comprehensive insurance – it will cover both the third-party and own damage.