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Bike Insurance - Two Wheeler Insurance - MoneyBloom
If you own a two-wheeler, either bike, scooty or scooter, it is mandatory by law to have two-wheelers insurance. It provides protection against financial liability arising out of incidences such as theft, damage or third party damage or death caused by your vehicle.
Third Party Liability Cover
Third party cover is mandatory by law for every two-wheeler plying on road. Third party Two-wheeler motor insurance policy compensates you for the loss against physical damage, theft and third party liability.
Comprehensive Cover
comprehensive cover is optional. Comprehensive two-wheeler insurance policy provides cover for the liability arising out of the third party as well as the loss or damage to your own two wheeler.
Enhance Your Two-Wheeler's Coverage With Add-On Covers
Insured Declared Value (IDV)
Premium for two-wheeler motor insurance policy is ascertained by taking into account Insured Declared Value of the vehicle, manufacturer, cubic capacity, zone of registration, age of the vehicle and taxes.
No-Claim Bonus (NCB)
If you have not made a claim, then you can enjoy No-Claim Bonus in the form of discount on the premium at the time of renewal. This policy not only saves your money in cases of extensive repairs or loss of vehicle.
Long Term Policy
Two-wheeler insurance policy is valid for one year and needs to be renewed annually. But now insurers have started offering two-wheeler insurance policies with longer tenure of two or three years.
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