Shriram Third Party Bike Insurance

Two-wheelers are the most common means of daily transportation in India. A two-wheeler is widely regarded as excellent in terms of mobility and convenience. In India, it is mandatory to have third-party two-wheeler insurance for bike owners. As the name implies, Shriram third-party two-wheeler insurance provides financial protection for two-wheelers such as bikes, scooters, and other similar vehicles against third-party liabilities. 

How does Shriram Third Party Two Wheeler Insurance Policy Work?

The most basic sort of two-wheeler insurance policy is Shriram third-party two-wheeler insurance. It covers all third-party obligations caused due to road accidents or other catastrophes involving the insured's bike. While a court in cases of third-party physical injury or death, decides the compensation amount, the same for third-party asset damage is limited to INR 7.5 lakh only. 

For example, if you get into a bike accident with another rider, your third-party bike insurance will pay for the other rider's losses. However, it would not be able to cover damages and losses to your bike.

Shriram Third Party Two Wheeler Insurance Vs Comprehensive Two Wheeler Insurance

How to Buy Shriram Third Party Two Wheeler Insurance?

Shriram two wheeler third party insurance online or buying two-wheeler insurance from Shriram Insurance is a straightforward process. Below are the steps to buying the best vehicle insurance with the company:

Step:1

Visit the official website of Shriram Insurance and provide information about your vehicle, such as its RC, make and model.

Step:2

Choose the two-wheeler insurance plan that aligns with your budget and requirements. Also, read the complete details, terms, and conditions properly.

Step:3 

Pay your policy amount online and receive your auto insurance document in your inbox immediately.

What All is Covered Under Shriram Third Party Two Wheeler Insurance Policy?

• Shriram third-party bike insurance policy covers death and bodily injury suffered to a third party due to an accident caused by the covered two-wheeler.
• Shriram two-wheeler third-party insurance covers any damage to third-party property or vehicle caused in an accident by the insured two-wheeler.

What All is not Covered Under Shriram Third Party Two Wheeler Insurance Policy?

Accidental Own Damages- In case of an accident own damages of an insured and his bike will not be covered by the insurance company. 

Riding Drunk - Because this is against the law, any claims made after you were caught riding while inebriated will be denied.

Riding a Two-wheeler without a Licence or Policy - A licence is mandatory for 18+ drivers by law. However, if it is discovered that you were without a valid licence or policy, your bike insurance claim would be denied.

Consequential Damages - These are any damages or losses that occur after the accident. As a result, such losses will not be covered by your bike insurance claim unless you've purchased a specific add-on that includes it.

Contributory Negligence - To put it another way, don't do things you shouldn't. If you file a claim for damage or loss caused by your negligence, your claim will be denied.

Add-ons not Purchased - You certainly cannot reap the benefits of an add-on if you have not purchased it. As a result, always choose useful add-ons before a crisis arises. You never know when you'll need anything.

Key Benefits of Purchasing Shriram Third Party Two Wheeler Insurance

• Coverage for liabilities on third-party
• Eliminate legal issues
• Protection against traffic fines
• Instant policy issuance
• Quick and easy claim settlement

Shriram Third Party Two Wheeler Insurance Review

Shriram Insurance is a dependable company when it comes to buying two-wheeler insurance for your most prized possession. The company always puts the interests of its customers first, providing round-the-clock help for emergency breakdowns and a simple claims process. Throughout your journey, you can expect the company to be supportive and dependable.