It is simply not possible to keep your bike covered in the backyard and not buy insurance for it. No matter how much you love it, it has to be driven on the roads. Besides being a compulsion by the law, bike insurance is absolutely essential to be purchased.
Recent studies indicate that around 75 per cent of the vehicles, especially two wheelers driven on the Indian roads have a insurance or do not own it. With a scenario where accidents are a frequent sight, it makes it even more mandatory for bike owners to purchase a two wheeler insurance plan.
While there are a few who may forget to renew their insurance policy, there are many who deliberately choose to not do so in order to save some money. However, they do not realise that doing so is as good as increasing the bill in the face of being fined or an unforeseen circumstance.
Those who believe in being efficient riders and hence not purchasing bike insurance - the answer is being practical and ensuring protection in advance. It is better to be safe than regret later. If you do not have bike insurance, here are the hurdles that may come your way.
You will be required to pay penalty if you are caught by the traffic authorities or police officials on the road without a proper insurance of your two wheeler. The punishment for this can either be a huge sum of fine or even imprisonment up to a period of 3 months. This is enforcement by the Motor Vehicles Act of India.
Those with a comprehensive two wheeler insurance policy never have to worry as they are covered for threats due to natural calamities as well as human beings. In case you meet with an accident during a time when your policy stands lapsed, you can be charged for reasons such as negligent driving as well for lapsed policy.
The other things that may accrue with an inactive policy include loss of no-claim bonus as well as time consuming process of renewal. With the presence of two wheeler insurance companies online, you can now purchase your bike insurance online. You can also find your two wheeler online through the websites of various . There are so many insurance providers that offer smart two wheeler in India.