Two wheeler insurance or bike insurance covers you from the damages owing to accidents, natural calamities, theft, and burglary.
What is Two Wheeler Insurance?
Two wheeler insurance or bike insurance covers you from the damages owing to accidents, natural calamities, theft, and burglary. It acts as a safety net for your valued bike or two wheeler and protects you from the financial loss and liabilities as consequences of an unfortunate event such as an accident with a third-party vehicle, person, and property. Two wheeler insurance covers all types of two wheelers such as motorcycles, moped bikes/scooters, electric bikes/ scooters, and more.
Buying two wheeler insurance online from HDFC ERGO is very simple and can be bought in no time. With our vast range of plans, you can buy a bike insurance policy that best suits your need. Isn’t that convenient in today’s time!
Why Do You Need Two Wheeler Insurance Policy?
In the last decade, India has witnessed a tremendous sale of Two-wheeler units where the sale reached 21 million units in the year 2019. The numbers are quite descriptive for the volume of Two-wheelers in the country.
With so many two-wheelers on the streets of the city will certainly create chaos and accidents so accidents are bound to happen and that is the reason why the Indian government has mandated the purchase of Third-party bike insurance at the time of purchase so that you and your damage is covered financially in case you run into a third party vehicle or someone bumps into you.
Types of Bike Insurance Plans
HDFC Ergo offers 4 types of two wheeler insurance that Comprehensive third-party insurance, Third Party insurance, and Standalone own damage car, and cover for a brand new bike. You can further enhance the protection of your bike by adding add-on covers to your comprehensive bike insurance.