Zuno Third Party Bike Insurance

Zuno General Insurance offers third party bike insurance to shield bike owners against legal as well as financial troubles. In India, to own at least a third party bike insurance policy is compulsory for all the bike riders, therefore, in such cases, third party insurance saves the policyholders from legal conflict. On the other hand, if a policyholder gets involved in an accident or a mishap that ends up hurting the third party, then, this liability only insurance plan tends to provide financial assistance to the policyholder by offering compensation for the liability incurred towards a third party for their injury, death or property damage. The compensation amount in case of third party bodily injury or death is decided by a court of law, where the extent of compensation for third party property damage is limited to Rs. 1 lakh.

A third party bike insurance is a basic bike insurance package that compulsorily has to be carried by every bike owner as if caught without it, the rider shall be entitled to pay a fine of Rs. 2,000 and can even be jailed for up to 3 months. It is the best way to deal with unforeseen incidents in a cost-effective way and without any worries. The third party insurance is designed to provide serious and hefty coverage on the behalf of policyholders for bodily injuries, loss of life, and damage of property or vehicle of the third party. Basically, this basic insurance gives freedom from stress caused due to unpredictable events.

Zuno Third Party Bike Insurance vs Comprehensive Bike Insurance

Third party bike insurance policy gives coverage to policyholders against damages, losses, injuries or loss of lives sustained by the third party in an unfortunate incident. It also secures the policyholders against legal troubles while driving their bikes or scooters on road. Zuno third party bike insurance offers the below-given insurance coverages to policyholders:

• Third Party Injury or Death – If the vehicle of a third party bike insurance policyholder gets involved in a collision that causes damage or death to the third party, the insurance company will bear hospitalisation expenses and other medical costs. It also gives compensation to the third party and their nominee in the situation of partial or permanent damage or death, the amount which is decided by a court of law.
• Third Party Property Damage – If a third party sustains the property damage during an accident or a mishap, the financial liability arising out of that event could be huge and unlimited. Hence, a third party bike insurance plan covers such liabilities of policyholders.

What All Is Not Covered Under Zuno Third Party Bike Insurance Plan?

A third party insurance plan is mandatory to be carried by every bike owner but provides limited coverage. Here are some points which are not covered under the third party insurance policy:

• No coverage for an injury suffered by the policyholder.
• Damages caused to the insured bike will not be covered.
• Optional personal accident cover for policyholders is not offered.