What is Two Wheeler Insurance?
Two wheeler insurance, or bike insurance, is an insurance policy that helps you to cover against damages that may happen to both you and to your two-wheeler due to events like accidents, thefts, fires, or natural disasters. You will also get protection against liabilities arising due to damages to any third-party vehicle, property or person. A two-wheeler insurance covers different types of two-wheelers, like motorcycles, mopeds, scooters and more.
Why do you need Two Wheeler Insurance?
Two-wheeler sales in India reached an all-time high as of 2019, when India's auto industry sold some 21 million units. This figure is almost double the 2011 sales, when just 11.77 million two-wheeler units were sold in India. This data alone speaks for the volumes of two-wheelers in India!
With so many two-wheelers muddling across cities, accidents are prone to happen. Perhaps that’s why, at least having a third-party insurance is mandatory by law. This way, if you run into a third-party vehicle or someone bumps into you, you will be covered against any damages and losses caused.
Digit provides two-wheelers with three kinds of bike insurance policies. From the complete Comprehensive Cover to standalone Third-Party and Own damege bike insurance Policies as well.
The best part? Comprehensive Bike Policies can further be customized by opting for add-ons that help protect your bike in all possible situations. All this within just a few minutes to spare online, and we’ll take care of the rest!
What’s Covered in Two Wheeler Insurance by Digit?
Accidents
Damages and losses that may arise due to an accident or collision
2.
Theft
Covers for your losses in case your two-wheeler is unfortunately stolen!
3.
Fire
Damages and losses to your two-wheeler in case of an accidental fire!
4.
Natural Disasters
Damages caused to your two-wheeler due to nature’s many furies, such as due to floods, cyclones, etc.
5.
Personal Accident
Covers for your expenses in cases where you’ve hurt yourself too bad!
6.
Third Party Losses
When a person, a vehicle or a property is hurt or damaged due to your bike's actions.
What’s not Covered
It is equally important to know what’s not covered in your two-wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:
1. Own Damages for Third-Party Policy holder
In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered.
2 . Drunk Riding or without a Licence
Your bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.
3. Driving without a valid Driving v Licence holder
If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.
Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged,
5. Contributory Negligences
Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)
6. Add-ons not Bought
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
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