Insurance can be of three types:
- a. Car insurance: Car Insurance, the mandatory financial protection cover for your car that is availed to help safeguard the risk of any damage to the vehicle in all unanticipated circumstances, is a policy made compulsory in the country by the Government. Car Insurance covers all the monetary losses pertaining to a road accident, car theft or unknowing damage caused by any third party to the vehicle when stationary and any other consequent liabilities. When it comes to the premium of the car insurance policy, it is not static and can vary from high to low, depending on the Insured Declared Value (IDV) of the vehicle from time to time. Thanks to the existence of a number of renowned insurance companies in the market today, there are several different variants of policies to choose from.
- b. Two wheeler insurance: With the heightened level of dangerous road conditions, it has become imperative to safeguard one’s vehicles from the perspective of probable accidents with misplaced static elements or even the collision with other vehicles. More so, for two wheelers, the roads have been become alarmingly unsafe and while protecting oneself is critical, it is equally vital to look after the vehicles as well, being the heavy financial investments of a common middle class man. Two Wheeler insurance policy is the best way to cover for any impending damages that may take place in the future to your two wheeler vehicle due to unlikely events like accidents, any natural calamity, theft or fire etc.
There are a number of alternatives available for the two wheeler insurance online and we can pick out the best one suited to one’s specific requirements. The policy takes care of any liabilities caused from any wounds to one or more people during the incident. Online Bike insurance is the ideal way to provide cover in advance for any probable damages in the future that may occur later and unsettle one’s economic stance abruptly.
- c. Third party insurance: There is a lot in life that’s uncertain and moreover, on the roads these days, owing to the bad conditions and increasing level of traffic, situations are unpredictable and unmanageable at times. Accidents are significantly on the rise in comparison to the past few years, in particular and one really doesn’t know when the situation gets out of control. A little planning can go a long way as accidents can unsettle your life in a fraction of a second, leaving you and your loved ones in a difficult situation both emotionally and financially.