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Motor Cycle Insurance – Providing Financial Cover During Unwanted Mishaps

Motor cycle insurance or 2 wheeler insurance India plan can also provide you with essential support when you are out and about and you face some problems with your motorbike.

Understanding facts about insurance can help a great deal in lowering the premium cost for motor cycle insurance and finding some of the best 2 wheeler insurance India policies for you.
If you are caught riding a motorbike without proper motor cycle insurance then you could face serious consequences. You can get bad points on your license or an immediate ban and you may also have to pay heavy fines. If you are uninsured and involved in an accident then there could also be legal complications.

Insuring a motorbike is very similar to ensuring a van or car. You can choose from the three main types of vehicle insurance policies available:

1. Third Party Only – if you do have an accident you will only be covered for costs for the third parties involved. This means if you sustain personal injuries or your bike is damaged the costs will come out of your own pocket.

2. Third Party Fire and Theft – if you do have an accident the coverage will be identical to third party only insurance. However you will also get extra fire and theft cover.

3. Fully Comprehensive – if you do have an accident then this insurance will cover damage and personal injury to both you and any third parties involved. This will also cover your motorbike for fire damage and theft.

The cheapest form of vehicle insurance is typically third party only. This is because there is less cover available from the policy. You need to be careful when choosing between third party fire and theft and fully comprehensive. Fully comprehensive insurance is usually the most expensive as it offers the most cover. However with the many great deals and discounts available you could get a fully comprehensive policy just as cheap as one of the most expensive third party fire and theft ones. This would mean you would get more cover for your money.

This is why it pays to shop around and compare deals. You could find some great discounts and offers available that could save you money without cutting any of the coverage you need on your bike insurance.
Bike equipment such as helmets, boots gloves and leather jackets are an important safety requirement. This equipment can be costly to replace if it is lost, stolen or damaged. It is a good idea to look out for bike insurance policies that can also offer cover for your equipment.