In­surance for Your Two-Wheeler

Make it com­pre­hen­sive

Consumer Voice - - Contents - Subas Ti­wari & Gopal Ravi Ku­mar

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.