Third-Party bike insurance is fundamental type of two-wheeler coverage plan.
It is effective in event of an accident or collision. The equivalent is compulsory by law, without which you could be responsible for penalty of Rs 1,000 to Rs 2,000.
1 . Personal Loss to Third Party : If person is hurt in an accident by your bike, all medical expenses till restoration will be paid by Third Party bike insurance.
2 ) Property Injury Allowance :- If damage is caused to someone’s vehicle, house or other asset, owner will be embraced for damage.
3 ) Personal Harm to Owner: This protects you from losses that occur if you face any visible damages or death/lasting disability.
If you are insured under Third Party Bike Insurance, and you are in need to claim that benefit. There are certain things that you should consider.