Two-wheeler insurance is required in India, many vehicle owners regard it as only a formality to be fulfilled rather than a need, despite the fact that it may save lives. As a result, they purchase two-wheeler insurance with the same casualness with which they would purchase, say, helmet insurance. Worse, there is a general lack of understanding of two-wheeler insurance coverage and what it covers and does not cover.
What are the myths about two-wheeler insurance should you avoid
Here, we attempt to debunk five two-wheeler insurance misconceptions that create confusion on your’s mind before buying the Policy. So, the followings myths are :-
A) Myth 1 :- Why spend money on a complete coverage when only third-party bike insurance is required? Although the Motor Vehicles Act requires two-wheeler owners to get third-party insurance, this does not imply that comprehensive insurance is useless or a waste of money. In reality, only a full two-wheeler insurance policy covers own-damage coverage, which most consumers only discover the significance of after a disaster. In addition, the complete coverage covers damages caused by personal injury, natural disasters, fires, and theft.
B). Myth 2 :- A prevalent myth is that pillion riders are protected by two-wheeler insurance policies. This could not be further from the truth. Pillion rider insurance is an add-on that must be purchased individually because it is not covered by the comprehensive policy.
C) Myth 3 :- One prevalent myth is that two-wheeler insurance is too costly, which is why many vehicle owners refuse to get it. The truth is that it may save you a lot of money in the long run, especially if you are involved in an unfortunate accident. It may save you money on medical bills, repair charges, and even legal fees. In comparison to these expenditures, your bike insurance is a bargain. However, seek quotations from as many insurance providers as possible, double-check that all of your needs are covered, and then choose the policy that you believe is the most affordable.
D) Myth 4 :- Many individuals believe that two-wheeler insurance cannot be purchased online. In today’s tech-savvy world, you may simply get your two-wheeler insurance online by visiting the website of the firm from whom you desire to purchase your two-wheeler insurance online, just like most other things. Purchasing two-wheeler insurance online is simple and comes with several benefits. You may compare the policies of several providers from the comfort of your own home, which is incredibly handy and saves you a lot of time. Most businesses also feature an online premium calculator that you may use to calculate your cost-benefit ratio.
E) Myth 5 :- Another prevalent myth regarding two-wheeler insurance is that you can’t switch insurance companies without losing your no-claims bonus. This is just not true, and if you move your policy to them, they would gladly present you with the appropriate no-claim benefit.
So, go ahead and purchase your two-wheeler insurance to protect your safety and peace of mind when riding your bike.
