If you are into bikes, you should also know that you cannot take your vehicle out for a ride without having a bike insurance policy.
However, while it is only mandatory for you to have a basic third-party insurance policy, there are many policyholders out there who opt for a comprehensive insurance policy.Now, why would anyone want to pay more premium when it is not even mandatory?
Third Party Bike Insurance A third-party bike insurance policy is the basic mandatory policy you need to have which covers injury/loss/damage caused to the third party.
Benefits of a Third Party Insurance PolicyHelps you stay within the law With this policy, you are in compliance with the law stating it mandatory for bikers to have third-party insurance.
Provides third-party liability cover In case of any injuries or damaged faced by the third party, your policy will have you covered for the expenses.
Makes sure you do not get hefty fines Your third party insurance will save you from fines you would have to pay if you are caught without coverage while riding your bike.