Buying insurance for your two-wheeler? Here's what you must know

New Delhi [India], April 20 (ANI): With two-wheelers fast becoming popular across the age groups, ignoring insurance for the vehicle could be at one's perils only. The insurance for the two-wheelers isn't just for the financial security of the riders, but also a legal requirement in the event of mishaps.
With roads in India full of vehicles, two-wheelers become the preferred choice of millions of commuters, helping them manoeuvre through traffic grid-locks and save time in reaching their destinations.
The automobile industry offers a range of two-wheelers from high-end sports bikes to average ranged daily commuter bikes. Despite the price range, insuring your vehicle becomes crucial and knowing what benefits a bike insurance policy is offering, even more.
Here are some lesser-known facts one must consider while buying insurance for a two-wheeler:
Your two-wheeler insurance policy is customizable
Didn't know this right? Well, now you do! Your two-wheeler insurance policy is customizable as per your needs with the help of add-ons. A two-wheeler insurance policy depends upon various factors like the engine capacity of the vehicle, manufacturing year, model and geographical location among other things. You can get a list of all the add-on covers and compare different insurance companies online.
Raise a cashless claim for your bike insurance policy
Damaged your two-wheeler? No worries! Your insurance policy allows you to raise a cashless claim for your two-wheeler. All you have to do is, send the vehicle to a garage that has a tie-up with the company. This allows you to not pay a single penny except for the costs that are not covered by the insurer.
Lost your key? You can claim it with an insurance policy
With the daily hassles hazing the minds of the people, losing a key is normal and unavoidable at the same time. Any rational buyer would not like to spend extra bucks on getting a new key. Your insurance policy has a 'Key Protect' add-on that covers the cost of a lost key in cases of theft or damage. Moreover, the lock and key of your two-wheeler can also be exchanged by the company.

A basic insurance policy does not cover the engine
An important and expensive component of the two-wheeler, the engine, is not covered in a basic insurance plan. However, you can surely customize the policy by buying the 'Bike Engine Protect' add-on cover to get it insured.

With an insurance cover, one gets legal protection
A striking feature of the insurance policy is that it gives you legal protection. In the event of a mishap and consequential legal issues with the third party, the insurance policies come to the rescue of the owners of the two-wheelers. In such a case, a third-party insurance policy provides you with a legal safety shield.
Insurance cannot be claimed outside geographical limit in India
Your insurance policy does not cover damages to the vehicle outside the geographical border of India.
Head to another ANI story on 'Why is it mandatory to have bike insurance in India?' (ANI)