Insurance for Your Two-Wheeler

Make it comprehensive

For every 1,000 Indians, more than 100 own two-wheelers. Not surprisingly, two-wheelers constitute more than 80 per cent of all vehicle sales in India. Now brace up for this statistic: about 13 per cent of these vehicles are stolen every year. The question is: are all these vehicles covered by insurance? Perhaps not, if you have simply forgotten to renew the existing insurance on time. It is ironical indeed that while the number of two-wheelers is growing exponentially, the number of vehicles falling out of the insurance net is also very high. Apparently, more than a two-third of old two-wheelers goes uninsured. A long-term insurance is definitely one of the points to consider. Apart from this, there are some other basic pointers that a two-wheeler owner should know with regard to insurance, which he or she can neglect at their own peril. If you are one of those for whom insuring your bike is the last thing you think about (fixated as you are about affordability, make and model, brand value, mileage and other technical details), this is definitely a wake-up call. Enough to know that being involved in an accident can mean that you spend a fortune on not just yourself but also on expenses concerning the other party whom you may have harmed or who may have suffered losses.