Why Is HDFC ERGO Two-Wheeler Insurance - A Must Buy For Every Bike Owner?
Accidents, natural disasters, theft, and burglary are all covered by two-wheeler insurance or bike insurance. It serves as a safety net for your prized motorcycle or two-wheeler, shielding you from financial loss and liabilities resulting from an unexpected incident such as a collision with a third-party vehicle, person, or property.
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The most basic insurance coverage offered by HDFC ERGO General Insurance for motorcycles and scooters is third-party bike insurance. According to the Indian Motor Tariff, a motorcycle owner must carry at least third-party insurance coverage when driving. It protects the policyholder against any third-party liability that may occur as a result of an accident or disaster involving the insured's motorcycle.
Third-Party Bike Insurance from HDFC ERGO
HDFC ERGO Two Wheeler Insurance is a comprehensive motorcycle insurance plan provided by HDFC ERGO General Insurance Company. HDFC Bank and the Munich Re Group's ERGO have partnered to form the insurance firm. Comprehensive two-wheeler insurance, standalone own damage, long-term comprehensive bike insurance, and third-party liability two-wheeler insurance are all available from HDFC ERGO. Jumpstarting your motorcycle is the newest service offered by HDFC ERGO. If your bike has been sitting idle owing to the lockout, you may use the HDFC ERGO JumpStart service to get it running again.
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Coverage
It is a policy that protects the policyholder from liabilities that may emerge as a result of an unanticipated incident like property damage, bodily injury, death, or loss to a third party. This is required by the Motor Vehicles Act of 1988. This coverage protects the policyholder from personal injury or property damage caused by others.
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Add-on Covers
There are no add-on coverage options available with a third-party insurance policy because it is the most basic kind of coverage.
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Nature of Requirement
According to the Motor Vehicles Act of 1988, this coverage is required for all two-wheeler owners.
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Cost
Because of the minimal coverage given, third-party insurance is cost-effective.
The Advantages of HDFC ERGO Third-Party Bike Insurance
Although every two-wheeler owner is required to have third-party bike insurance, it may provide limited coverage but can be highly advantageous. Some of the advantages of acquiring an HDFC ERGO Third-Party Bike Insurance coverage are listed below:
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Provides Legal and Financial Assistance
Third-party two-wheeler insurance covers the policyholder's legal liabilities in the case of a third-death party's or incapacity, as well as any damage to the third property. Third-party insurance coverage can assist alleviate the legal and financial strain in such situations. The beneficiary of this sort of insurance coverage is a third party, neither the policyholder nor the insurance provider.
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Simple to Buy/Renew
Two-wheeler third-party insurance policies are simple to buy and renew. You may quickly purchase or renew your policy online, which saves you time and effort. Any individual or at their leisure can acquire or renew the coverage.
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Cost-Effective
Because two-wheeler third-party insurance policies give limited coverage, they are cost-effective. The insurance coverage is reasonably priced and can give legal and financial support in times of need.
Take Away
Own Damage is covered by the HDFC ERGO two-wheeler insurance policy. Two-wheeler insurance and third-party liability insurance are available, as well as a long-term policy for two or three years, which can assist you as a two-wheeler owner when you need it most – in the event of an accident or catastrophe. HDFC ERGO is supported by excellent service and timely responses. The two-wheeler insurance plan provides comprehensive coverage to safeguard your vehicle in the event of an accident, with valuable add-ons on offer. You should select HDFC ERGO for your two-wheeler since it has a large network of cashless garages, rapid and smooth customer support, and claims to have a 94 percent claim payout rate for two-wheelers.
Also Read:
How IFFCO Tokio Insurance Helps You Protect Your Two-Wheeler?
List of Documents to Carry When Riding a Two-Wheeler
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
