Tuesday, July 8, 2025
  • Send An Inquiry
  • Login
Arte Creha - Creativity and Design Insights
  • 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.
Arte Creha - Creativity and Design Insights
  • 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.
Arte Creha - Creativity and Design Insights
No Result
View All Result

What Are the Advantages of Third Party Bike Insurance?

Anna Zach by Anna Zach
5 years ago
in Finance
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.

Anna Zach

Anna Zach

Related Posts

What are the Benefits of Electric Cars in India?
Finance

What are the Benefits of Electric Cars in India?

August 2, 2024
How Can a Term Insurance Policy Lapse Be Avoided?
Finance

How Can a Term Insurance Policy Lapse Be Avoided?

December 18, 2023
Next Post
Best men’s beaded bracelets

Best men’s beaded bracelets

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
The Long-Term Vision Powering Health AI at TriEdge Under Simcha Hyman

The Long-Term Vision Powering Health AI at TriEdge Under Simcha Hyman

June 19, 2025
Instant Checkmate Address Research: Bridging Information Gaps for Community Newcomers

Instant Checkmate Address Research: Bridging Information Gaps for Community Newcomers

June 19, 2025
Solaren Enhances Community Impact Through Local Partnerships and Law Enforcement Collaboration

Solaren Enhances Community Impact Through Local Partnerships and Law Enforcement Collaboration

June 13, 2025
Joseph Ritter Expands Access to Personalized Medicare Planning

Joseph Ritter Expands Access to Personalized Medicare Planning

May 17, 2025

Recent Posts

  • The Long-Term Vision Powering Health AI at TriEdge Under Simcha Hyman June 19, 2025
  • Instant Checkmate Address Research: Bridging Information Gaps for Community Newcomers June 19, 2025
  • Solaren Enhances Community Impact Through Local Partnerships and Law Enforcement Collaboration June 12, 2025
  • Joseph Ritter Expands Access to Personalized Medicare Planning May 16, 2025
  • Clients Emphasize Personal Support When Choosing Joseph Ritter May 9, 2025
  • Breaking Barriers: How Spin Studio Singapore is Making Fitness More Inclusive for Seniors and Special Populations April 30, 2025
  • Why You Should Option a Golf Launch Monitor for Your Game February 26, 2025
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    

Categories

  • Auto
  • Betting
  • Business
  • Casino
  • Education
  • Entertainment
  • Featured
  • Finance
  • Food
  • Game
  • Health
  • Home
  • insurance
  • Law
  • News
  • Pet
  • Real Estate
  • Shopping
  • Sports
  • Technology
  • Travel
What are the Benefits of Electric Cars in India?
Finance

What are the Benefits of Electric Cars in India?

Despite the exponential increase in electric car sales each year, some people still do not know all the advantages of ...

August 2, 2024
The Crucial Guide To Choosing A Reputable Healthcare Law Firm
Law

The Crucial Guide To Choosing A Reputable Healthcare Law Firm

When it comes to healthcare law, having a reputable law firm by your side is crucial. Whether you are a ...

February 2, 2024
How Can a Term Insurance Policy Lapse Be Avoided?
Finance

How Can a Term Insurance Policy Lapse Be Avoided?

A term insurance policy provides a lump sum payment to the nominees in the event of your untimely demise during ...

December 18, 2023
Understanding Stock Market Order Types: Market, Limit, and Stop Orders
Finance

Understanding Stock Market Order Types: Market, Limit, and Stop Orders

Are you a beginner investor looking to get started in the stock market? Knowing how to navigate different order types ...

November 17, 2023
The Art of Hedging: Safeguarding Your Portfolio with Option Chains
Finance

The Art of Hedging: Safeguarding Your Portfolio with Option Chains

In the ever-changing landscape of the financial markets, investors often seek strategies to protect their portfolios from potential downturns. Hedging, ...

August 24, 2023

Recent News

The Long-Term Vision Powering Health AI at TriEdge Under Simcha Hyman

The Long-Term Vision Powering Health AI at TriEdge Under Simcha Hyman

June 19, 2025
Instant Checkmate Address Research: Bridging Information Gaps for Community Newcomers

Instant Checkmate Address Research: Bridging Information Gaps for Community Newcomers

June 19, 2025

Copyright © 2020 Artecreha. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Arte Creha – Creativity and Design Insights
  • Send An Inquiry

Copyright © 2020 Artecreha. All Rights Reserved.