Why Buy Two-Wheeler Own Damage Insurance for a Road Trip?

Published By: CNBC TV18

Published Date: 01-09-2022

Motorbikes offer exciting experiences, whether for both long journeys or short rides while exploring places. However, it is important to consider the possibility of risks, such as an accident that can lead to extensive financial losses during your trip.

Our CEO, Rakesh Jain, highlights the importance of having a two-wheeler insurance policy. Unexpected events like accidents, thefts or natural disasters can happen at any time. They can damage your bike and result in significant expenses. Ensuring financial protection can help you manage these unfortunate incidents without incurring much expense.

He also points out that while third-party bike insurance is mandatory by law, it only covers third-party injury, death or property damage. It does not cover damages to your own vehicle.

With an own-damage cover in bike insurance, you can ensure financial protection for your vehicle against loss or damage due to accidents, theft, natural disasters and more. You can also benefit from cashless repairs and receive coverage up to the Insured Declared Value in case of total loss.

In addition, you can opt for add-ons, such as Roadside Assistance, Emergency Hotel Accommodation, Hospital Cash, and more for additional protection.

Purchasing a two-wheeler insurance plan is a wise decision. But, getting an own damage cover with a few useful add-ons is highly advisable.