Keeble Financial Advisors - Latest Stock Market Investment Ideas - Get Financial Advice
  • Home
  • Credit
  • Debt
  • Finance
  • Forex Trading
  • Investment
  • Loan
  • Mortgage
  • Tax Service
No Result
View All Result
  • Login
Keeble Financial Advisors - Latest Stock Market Investment Ideas - Get Financial Advice
  • Home
  • Credit
  • Debt
  • Finance
  • Forex Trading
  • Investment
  • Loan
  • Mortgage
  • Tax Service
No Result
View All Result
  • Login
UPLOAD
Keeble Financial Advisors - Latest Stock Market Investment Ideas - Get Financial Advice
No Result
View All Result
Home Finance
What Is Third-Party Liability Insurance For Bikes, And Why Is It Mandatory?

What Is Third-Party Liability Insurance For Bikes, And Why Is It Mandatory?

Jack Kanen by Jack Kanen
May 16, 2023
0 0
0
0
SHARES
29
VIEWS
Share on FacebookShare on Twitter

Comprehensive bike insurance allows you to extend your coverage beyond the primary benefits with various add-ons and covers. In contrast, third-party bike insurance only covers third-party-related liabilities. Everyone must know about these insurance types before they renew their motorcycle insurance.

What is it?

Comprehensive: This bike insurance policy combines own-damage coverage and third-party liability insurance to protect you against all risks.*

Third-party: According to India’s Motor Vehicles Act of 1988, third-party bike insurance is a legally required policy that covers third-party damages.

Coverage information:

Comprehensive: This policy provides total protection for your bike. Your bike will be protected from theft, loss, and harm. It offers financial assistance if your motorcycle or any other person, vehicle, or property is damaged.

Third-party: This policy provides limited coverage. A third-party liability bike insurance will only shield you from harm or loss incurred by a third party.

Add-ons:

Comprehensive: You can choose from various useful add-ons with this policy, including zero-depreciation cover, return to invoice cover, roadside assistance, and consumable cover.

Third-party: It only offers personal accident cover under this policy.

What should I purchase?

Comprehensive: Recommendable if you require comprehensive protection for your bike and add-ons. You can get all this information by downloading a bike insurance app.

Third-party: Recommended if you don’t ride your bike often or are too old. 

Premium costs:

Comprehensive: A comprehensive bike insurance policy has a higher premium than third-party coverage.

Third-party: This bike insurance is more affordable. 

Advantages of comprehensive motorbike insurance: 

Comprehensive: Only your own bike’s damage is covered. 

Limitations of comprehensive motorbike insurance:

  • It does not cover normal wear and tear on your bike.
  • It cannot stop the depreciation of your bike over time.
  • Your bike’s fibre and rubber components are typically only fully covered within standard bike insurance if you’ve added a specific add-on.
  • Any bike insurance will typically be unable to compensate for losses or damages brought on by a nuclear attack or war.

Check these points out in greater detail on a bike insurance check app.

Exclusions of comprehensive motorbike insurance:

  • Driving under the influence
  • Driving without a valid licence
  • Driving while intoxicated
  • Consequential damage
  • Contributory inattention
  • Add-ons not purchased 

Third-party bike insurance advantages:

  • Third-party liability coverage
  • Protects you in legal terms
  • Protects your wallet against penalties 

Limitations of third-party motorcycle insurance:

  • It does not cover losses or damages to your bike resulting from mishaps like collisions, fires, or even natural disasters.
  • You cannot add extra coverage or add-ons to your bike insurance policy.
  • In the case of third-party bike insurance, you cannot modify your IDV.
  • It doesn’t make up for your bike being stolen. 

Exclusions of third-party motorcycle insurance:

  • Vehicle damages
  • Riding under the influence of alcohol
  • Riding without a valid licence

If you are planning on bike insurance expired renewal, do understand the difference between these two insurance types and then take your final decision.

Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Previous Post

Travel Smarter, Not Harder: The Importance Of Travel Insurance

Next Post

Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

Next Post
Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

  • Trending
  • Comments
  • Latest
6 Financial Investments to consider This Latest Year

6 Financial Investments to consider This Latest Year

July 24, 2020
How Broad When Your Investment Portfolio Be?

How Broad When Your Investment Portfolio Be?

July 27, 2020
The Very Best Investment For Many Folks

The Very Best Investment For Many Folks

July 14, 2020
Ideal Time to take a position or Start Investing Money

Ideal Time to take a position or Start Investing Money

September 10, 2020
Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

0

3 Ways for Mentees to Give Back to Mentors

0

Creative Outdoor Ads

0

Utilizing Individual budget Programming to Deal with Your Finances

0
Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online

September 1, 2023
What Is Third-Party Liability Insurance For Bikes, And Why Is It Mandatory?

What Is Third-Party Liability Insurance For Bikes, And Why Is It Mandatory?

May 16, 2023
Travel Smarter, Not Harder: The Importance Of Travel Insurance

Travel Smarter, Not Harder: The Importance Of Travel Insurance

May 16, 2023
Why You Need A Real Estate Tax Advisor

Why You Need A Real Estate Tax Advisor

March 2, 2023

Recent Posts

  • Secure Your Investments: Step-by-Step Guide to Opening a Demat Account Online September 1, 2023
  • What Is Third-Party Liability Insurance For Bikes, And Why Is It Mandatory? May 16, 2023
  • Travel Smarter, Not Harder: The Importance Of Travel Insurance May 16, 2023
  • Why You Need A Real Estate Tax Advisor March 2, 2023
  • 5 Red Flags That Can Trigger IRS Tax Audit February 23, 2023
  • Why Should You Use Technical Indicators for forex Trading? January 13, 2023
  • What an Investor Wants to Know About Your IP December 10, 2022

No Result
View All Result

Archives

  • September 2023
  • May 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • October 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • September 2018
  • August 2018
  • May 2018
  • Let us help

© 2020 Keeble Financial Advisors- All Rights Reserved.

No Result
View All Result
  • Keeble Financial Advisors
  • Let us help

© 2020 Keeble Financial Advisors- All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist