Why Do You Need Two Wheeler Insurance?

While having two-wheeler insurance entitles you to multiple benefits, it is also mandatory to have two-wheeler insurance in India. Under the Motor Vehicle Act, the Indian Government has made it compulsory for all two-wheeler owners to buy an insurance policy. Moreover, looking at the dire conditions of the road and the number of accidents being reported daily, buying two-wheeler insurance is a good idea in India.

Buying two-wheeler insurance protects you in multiple ways. In case of an accident, you would be liable to pay for the damages caused to any third person. However, having two-wheeler insurance can protect you from this hassle. The insurance company will pay for the damages in such a case. Moreover, it also spares you from financial expenses if your vehicle is damaged. The insurance company will also pay for the damages caused to your two-wheeler and take care of all the expenses. However, the insurance company will only cover these expenses according to the terms and conditions of the policy.

It would be best to keep a few things in mind while purchasing a two-wheeler insurance policy. Firstly, understanding your requirements for the insurance policy can help you narrow your search while selecting an insurance policy. Once you have chosen the two-wheeler insurance policy, check the premium price, coverage, features and add-ons (if any) in detail before purchasing the policy.

You can compare and buy two-wheeler insurance policies from the official GroMo application that enables you to purchase and refer insurance policies and earn commissions. With a unique business model, GroMo is one of the leading fintech organisations that allows you to buy two-wheeler insurance policies while comparing the available options in the market. You can do all of this with the help of a single application platform.