Bike Riding Tips for Teenagers
Teenagers and motorcycles are a heady combination of freedom and adventure. Most teenagers take to riding motorcycles at a young age as it offers them the freedom to travel wherever they want and adds the thrill of riding a bike. However, adventures usually come associated with risks and teenage bike riding is no different.
Factors to Compare Bike Insurance Online
When you purchase a two-wheeler, you are also required to get some documents in place to be able to ride it on the roads. These include a valid driving licence, registration certificate, pollution under control certificate, and a bike insurance policy. The Motor Vehicles Act, 1988, has made it compulsory for all bikes to have third-party insurance for 2 wheelers. However, since these policies do not offer coverage for damages to the insured vehicle, many bike owners opt for comprehensive insurance for 2 wheelers.
Factors to Compare Bike Insurance Online
When you purchase a two-wheeler, you are also required to get some documents in place to be able to ride it on the roads. These include a valid driving licence, registration certificate, pollution under control certificate, and a bike insurance policy. The Motor Vehicles Act, 1988, has made it compulsory for all bikes to have third-party insurance for 2 wheelers. However, since these policies do not offer coverage for damages to the insured vehicle, many bike owners opt for comprehensive insurance for 2 wheelers.
Ways in Which Your Bike Will Impact Its Insurance Cover
Bike insurance is an essential investment that can safeguard you from financial and legal liabilities during an accident or mishap. It is a mandatory requirement in India. According to the Motor Vehicles Act, 1988, every two-wheeler needs to have at least a third-part liability bike insurance policy to be registered in the country. This means that if you do not have two wheeler insurance, then you will not be able to register and use your bike in India.
Things to Check in a Two Wheeler Insurance
When you purchase a third-party bike insurance policy, the insurer offers coverage for third-party liabilities arising from an accident involving the insured bike. If you opt for a comprehensive bike insurance policy, then the coverage is extended to the insured vehicle too. Also, the insurer covers damages due to fire, theft, natural disasters, and man-made disasters apart from accidents. With a comprehensive policy, you can purchase add-on covers and choose a voluntary deductible to customise the policy as per your requirements and budget. On the other hand, the insurer specifies certain terms, inclusions, and exclusions of the policy that will be used as guidelines for settling claims in the future.
Zero Depreciation Affect Your Two wheeler Insurance Premium
A two-wheeler is a depreciating asset, which means bikes age and start losing value. This is primarily due to wear and tear. So, if you buy a new bike and try selling it after five years, you will receive a marginal amount of the sum paid for the purchase. The rate at which the bike loses its market value is called depreciation.
Bike Riding Tips for Teenagers
Teenagers and motorcycles are a heady combination of freedom and adventure. Most teenagers take to riding motorcycles at a young age as it offers them the freedom to travel wherever they want and adds the thrill of riding a bike. However, adventures usually come associated with risks and teenage bike riding is no different.
Factors to Compare Bike Insurance Online
When you purchase a two-wheeler, you are also required to get some documents in place to be able to ride it on the roads. These include a valid driving licence, registration certificate, pollution under control certificate, and a bike insurance policy. The Motor Vehicles Act, 1988, has made it compulsory for all bikes to have third-party insurance for 2 wheelers. However, since these policies do not offer coverage for damages to the insured vehicle, many bike owners opt for comprehensive insurance for 2 wheelers.
Factors to Compare Bike Insurance Online
When you purchase a two-wheeler, you are also required to get some documents in place to be able to ride it on the roads. These include a valid driving licence, registration certificate, pollution under control certificate, and a bike insurance policy. The Motor Vehicles Act, 1988, has made it compulsory for all bikes to have third-party insurance for 2 wheelers. However, since these policies do not offer coverage for damages to the insured vehicle, many bike owners opt for comprehensive insurance for 2 wheelers.
Ways in Which Your Bike Will Impact Its Insurance Cover
Bike insurance is an essential investment that can safeguard you from financial and legal liabilities during an accident or mishap. It is a mandatory requirement in India. According to the Motor Vehicles Act, 1988, every two-wheeler needs to have at least a third-part liability bike insurance policy to be registered in the country. This means that if you do not have two wheeler insurance, then you will not be able to register and use your bike in India.
Things to Check in a Two Wheeler Insurance
When you purchase a third-party bike insurance policy, the insurer offers coverage for third-party liabilities arising from an accident involving the insured bike. If you opt for a comprehensive bike insurance policy, then the coverage is extended to the insured vehicle too. Also, the insurer covers damages due to fire, theft, natural disasters, and man-made disasters apart from accidents. With a comprehensive policy, you can purchase add-on covers and choose a voluntary deductible to customise the policy as per your requirements and budget. On the other hand, the insurer specifies certain terms, inclusions, and exclusions of the policy that will be used as guidelines for settling claims in the future.
Zero Depreciation Affect Your Two wheeler Insurance Premium
A two-wheeler is a depreciating asset, which means bikes age and start losing value. This is primarily due to wear and tear. So, if you buy a new bike and try selling it after five years, you will receive a marginal amount of the sum paid for the purchase. The rate at which the bike loses its market value is called depreciation.
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