3 Reasons Why You Must Purchase Bike Insurance

1. Bike Insurance Plan

2. Introduction Motorbikes and scooters are very popular in India due to their functionality and cost-effectiveness. The streets of most Indian cities are filled with two-wheelers, and they are one of the primary modes of transportation of the common people. However, many owners of two-wheeler vehicles in the country neglect to buy or renew their bike insurance policy. Purchasing a good bike insurance plan from a reputed insurance company is very important for a number of reasons. Some of the reasons why you should purchase two-wheeler insurance as soon as you have bought the vehicle have been mentioned in the following slides.

3. Legal Necessity Buying a two-wheeler insurance policy is mandatory for bike owners in India. This is because if a bike meets with an accident on the road, it may cause injury or loss to a third party. If the victim does not have the financial wherewithal to pay for his own treatment or to repair his damaged property, then the owner of the bike must compensate the third party for any loss, damage, or injury caused by the accident. A two wheeler insurance policy ensures that the bike-owner is able to meet this financial liability. It also protects the owner from financial setback, as the insurance company pays the compensation to the third party.

4. Financial Security If your bike is stolen or lost, or if it sustains damage in a riot, strike, natural disaster, accident, etc. then the insurance company will compensate you for your loss. It will also pay for any repairs required by your bike in order to fix the damage. Therefore, you and your family will be shielded from the financial blowback of any unpredicted external adversity.

5. Health and Wellbeing If you are injured in an accident involving the insured bike, then the insurance company will be liable to pay for your treatment, hospitalization and surgical costs, ambulatory charges, physiotherapy, follow-up visits, and other expenses related to your recovery. This will enable you to avail the benefits of state-of-the-art medical technologies, without putting a dent in your savings. You will also be able to focus on getting better without worrying about money.

6. The Best Insurance Provider Liberty Videocon is one of the most reputed insurance companies offering two-wheeler insurance plans with extensive coverage and reasonable premiums. They also have a wide network of partner hospitals and garages spanning the country. You can easily compare bike insurance policies online to fully understand the many benefits offered by Liberty Videocon’s two-wheeler insurance plans.

7. Contact US Address: 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Boardline: 022-6700-1313 Fax: 022-6700-1606​ Toll Free No: 1800-266-5844 Email:care@libertyvideocon.com Website:https://www.libertyvideocon.com Facebook: http://www.facebook.com/libertyvideocon Twitter:http://www.twitter.com/LibertyVideocon Google+:https://plus.google.com/+LibertyvideoconIndia