-18 °c
Thursday, May 19, 2022
  • Send An Inquiry
Artecreha
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Technology
  • Sports
  • More
    • Auto
    • Real Estate
    • Shopping
    • Travel
No Result
View All Result
Plugin Install : Cart Icon need WooCommerce plugin to be installed.
Artecreha
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • Technology
  • Sports
  • More
    • Auto
    • Real Estate
    • Shopping
    • Travel
No Result
View All Result
Plugin Install : Cart Icon need WooCommerce plugin to be installed.
Artecreha
No Result
View All Result
Home Finance

What Are the Advantages of Third Party Bike Insurance?

Anna Zach by Anna Zach
2 years ago
in Finance
0 0
0
What Are the Advantages of Third Party Bike Insurance?

Third party bike insurance protects the policyholder against damage to third-party property. It offers financial assistance in case of an unforeseen event such as an accident. If a policyholder gets into an accident, then the expense arising due to the damages to third-party property will be covered by the insurer. However, it doesn’t cover a policyholder’s bike. The insurer will cover a policyholder’s bike only when they purchase a comprehensive policy.

For example,a policyholder meets with an accident. The accident has caused damage to a third-party bike as well as the policyholder’s bike.

  • The cost to repair the damage to the third-party bike is Rs. 10,000.

  • The policyholder’s bike has suffered damages that will require Rs. 8,000 to repair.

  • If the policyholder has third-party insurance, then the insurer will only cover Rs. 10,000.
  • The insurer will cover Rs. 18,000 if the policyholder is insured with a comprehensive policy.

While comprehensive plan offers more benefits, one can’t deny third party insurance’s importance. Third party insurance for bike offers financial assistance against damage to third-party property, and the cover amount can provide a huge relief to a policyholder.

Here are some benefits of purchasing third party bike insurance-

  • If the third-party driver has bodily injuries due to an accident with a policyholder, then the insurer covers the medical expenses of that person. The hospitalisation cost, treatment expenses, etc. will be paid by the insurer.

  • In case of an accident, it covers the policyholder against damage to third-party property.

  • A policyholder can also buy personal accident cover with the policy. The benefit is extremely helpful as it covers the medical expenses of a policyholder if they meet with an accident.

  • The insurer can also cover the medical expense of the policyholder’s co-passenger. However, a policyholder will receive such a benefit only after paying extra premium.

Damages due to accidents can render high expense. Such costs can burn your savings in an instant. Hence, the protection of insurance becomes vital. Another advantage of third party insurance is its cheap cost. Compared to a comprehensive plan, third party insurance can be purchased at a lower premium price.Also, buying third party insurance is easy. You can purchase it offline as well as online.

To buy it offline, you need to visit the office of the insurer. You must submit the important documents and pay the premium price to buy the policy.

If you want to buy third party insurance online, then you need to visit the website of the insurer. You can compare different policies and pay the premium for the plan you like the most.

Buying a policy online is easier compared to purchasing one offline. It saves a lot of efforts as well as time.

Also, take a note of your policy’s expiration date. If your policy has expired, then you will have to pay for the damages to the third-party property as the insurer will not cover you. Hence, it is important to renew a policy before it expires.

ShareTweetShare
Anna Zach

Anna Zach

Related Posts

A stable trader can adapt to the Forex markets
Finance

A stable trader can adapt to the Forex markets

October 26, 2021
The Importance of ATM Monitoring and Management Systems
Finance

The Importance of ATM Monitoring and Management Systems

August 27, 2021
Next Post
Best men’s beaded bracelets

Best men’s beaded bracelets

  • Trending
  • Comments
  • Latest
A Career In Civil Engineering

A Career In Civil Engineering

May 30, 2020
What Are the Advantages of Third Party Bike Insurance?

What Are the Advantages of Third Party Bike Insurance?

May 14, 2020
How to Hire Cleaning Services within Your Budget

How to Hire Cleaning Services within Your Budget

May 6, 2020
How to choose the Right Gym?

How to choose the Right Gym?

April 27, 2020
Surprisingly Effective Ways to Watch movies online for free

Surprisingly Effective Ways to Watch movies online for free

0
Major Things Expected From Your Overseas Education Consultancy

Major Things Expected From Your Overseas Education Consultancy

0
Enjoy Shopping in Marbella

Enjoy Shopping in Marbella

0
Are Small Company Plans Really Needed?

Are Small Company Plans Really Needed?

0
Surprisingly Effective Ways to Watch movies online for free

Surprisingly Effective Ways to Watch movies online for free

March 16, 2022
Minutiae in regards to logging into Sbobet

Minutiae in regards to logging into Sbobet

March 11, 2022
Play Carefully By Knowing Web Slot Games:

Play Carefully By Knowing Web Slot Games:

February 22, 2022
VALUABLE TIPS FOR STARTING A WOODWORKING BUSINESS

VALUABLE TIPS FOR STARTING A WOODWORKING BUSINESS

December 23, 2021

Recent Posts

  • Surprisingly Effective Ways to Watch movies online for free March 13, 2022
  • Minutiae in regards to logging into Sbobet March 4, 2022
  • Play Carefully By Knowing Web Slot Games: February 5, 2022
  • VALUABLE TIPS FOR STARTING A WOODWORKING BUSINESS December 23, 2021
  • CLASS 10 MATHS : TOP 10 EXAM  November 24, 2021
  • Everything to know about English in class 1 November 24, 2021
  • How to clear NEET with these smart hacks November 24, 2021

2022

  • + March (2)
  • + February (1)

2021

  • + December (1)
  • + November (7)
  • + October (5)
  • + September (3)
  • + August (4)
  • + July (4)
  • + June (1)
  • + May (5)
  • + April (6)
  • + March (12)
  • + February (7)
  • + January (10)

2020

  • + December (9)
  • + November (15)
  • + October (13)
  • + September (5)
  • + August (7)
  • + July (6)
  • + June (3)
  • + May (11)
  • + April (2)
  • + March (4)
  • + February (2)
  • + January (4)

2019

  • + December (2)
  • + October (10)
  • + September (4)
  • + August (14)
  • + July (5)
  • + June (9)
  • + May (5)
  • + March (1)
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Mar    

Categories

  • Auto
  • Business
  • Education
  • Featured
  • Finance
  • Food
  • Game
  • Health
  • Home
  • insurance
  • Law
  • News
  • Pet
  • Real Estate
  • Shopping
  • Sports
  • Technology
  • Travel
Finance

A stable trader can adapt to the Forex markets

If someone has efficient strategies for currency trading, he will succeed in this profession. But without consistency, success will not ...

October 26, 2021
Law

Understanding legal aid for sexual misconduct with a minor

Sexual misconduct can happen to anyone at any time. It can cause more damage than is visible. This is so ...

September 2, 2021
Finance

The Importance of ATM Monitoring and Management Systems

As many banks and financial institutions close their physical doors and reduce staff to save costs, ATMs are becoming increasingly ...

August 27, 2021
Travel

Cabo San Lucas, The Ideal Place to Disconnect from The World

Mexico is the most loved location for many travelers regarding picking a seashore place to getaway. Los Cabos is an ...

August 5, 2021
Finance

A Payment Service Provider’s Must-Have Features

The availability of payment options has increased over the past decade, making online payments more convenient than ever before. Businesses ...

July 28, 2021

Recent News

Surprisingly Effective Ways to Watch movies online for free

Surprisingly Effective Ways to Watch movies online for free

March 16, 2022
Minutiae in regards to logging into Sbobet

Minutiae in regards to logging into Sbobet

March 11, 2022

Copyright © 2020 Artecreha. All Rights Reserved.

No Result
View All Result
  • Home 1
  • Send An Inquiry

Copyright © 2020 Artecreha. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In