Two Wheeler Insurance in India:

The Two wheeler Insurance policies normally provide protection from any damage or loss to a two wheeler due to natural calamities like fire, burglary and protection against third party injury, etc.

The amount insured usually depends on the present showroom value multiplied by the depreciation rate which is fixed by the none other than Tariff Advisory Committee at the beginning of the policy period. Under these policies Motor cycles, scooters, autocylces, mopeds and pedal cycles are insures.

These vehicles are insured against Loss or damage to the vehicle accidents caused due to fire, lightning, external explosion, housebreaking or theft or burglary, riots and strikes, earthquake, cyclone or any other natural calamity, when the vehicle is in shipment by rail, road, air or elevator.

The Two wheeler Insurance policies pay for the amount spent on vehicle repairs, replacement done for depreciation, garage parking up to certain limit, 50% of cost replacement in case of damage caused to tyres, in case of total loss there will be payment incurred according to the market value at the time of loss or the sum insured whichever proves to be less.

These policies do not pay in case of consequential loss, wear and tear, mechanical and electrical repairs, failure of breaks, when the vehicle is used outside the insured area and driven by a person other than the owner or driver, war perils, drunken driving and so on.

While selecting your policy make sure that you have your vehicle documents in hand. A vehicle which is not registered under a state transport department cannot avail Two Wheeler Insurance. Since different companies quote various prices for their policies research on the available deals and get in contact with people who have taken policies from these companies.

Organizations working with these insurance companies can also help in making the right decision. The best way to protect your vehicle is by getting it insured for safety reasons and avoid being in a soup at a later stage when you will have to worry about shelling out the huge amount.