Third Party Bike Insurance
Two wheeler insurance safeguards you and your bike against the damages and injuries caused by any adverse event on the road.
Under a bike insurance contract, the different relevant parties are defined in the following way:
The first party: The owner-driver of the bike is the first party.
The second party: The insurance provider is the second party.
The third party: Any person or property that is not the first party or the second party is considered the third-party.
About Third Party Bike Insurance
Third party bike insurance is a basic bike insurance policy that is legally mandatory for all bike owners in India. A third party insurance policy for your bike provides you financial protection against the damages caused to a third-party person, vehicle, or property due to an accident involving the insured bike. It is important to understand what third party insurance for a bike is since this type of insurance policy specifically covers the damages sustained by a third-party person or property.
Coverage &
Policies
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What risks does your policy cover?
It depends where you live, but standard thier party bike insurance
policies will typically help pay to repair damage caused by
certain risks, or perils, including:
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