CIN: U72900KA2018PTC110119

In India, third-party liability insurance is mandatory for all vehicles, including bikes. However, it’s important to remember that this type of coverage only protects you against financial liabilities if you cause damage or injury to someone else’s property or person with your bike. It does not cover damages to your own bike. That’s where own damage insurance comes in.

Own damage insurance, also known as comprehensive insurance, is not legally mandatory in India, but it’s highly recommended for several reasons. First and foremost, it provides financial protection against damages to your bike in case of accidents, theft, natural calamities, vandalism, or man-made disasters. This can save you a ton of money if something unexpected happens to your bike.

It’s also worth nothing that insurance companies often offer add-on covers with own damage insurance policies. These can include engine protection, zero depreciation, roadside assistance, and more. These add-ons can greatly enhance the coverage and benefits of your insurance policy, giving you even more peace of mind.

The cost of own damage insurance can vary depending on factors like the bike’s model, age, location, and any additional coverages you choose. While it may increase your insurance premium, the comprehensive protection it provides often makes it a worthwhile investment.

Ultimately, the decision to purchase own damage insurance for your bike in India is a personal one. However, considering the potential financial risks and the many benefits that comprehensive insurance offers, it’s definitely worth considering. It could end up saving you a lot of money and stress in the long run.

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