Two Wheeler Insurance
About This Course
What Is Two-Wheeler Insurance?
Two wheeler insurance is an agreement between the policyholder (owner of the two wheeler being insured) and the insurer where in the insurer promises to provide monetary assurance to the policyholder in exchange for a premium amount. Two-wheeler insurance provides financial assurance to the owner of a motorcycle/scooter from own damage and/or third-party liabilities arising due to an unfortunate mishap. Third-party liabilities include liabilities towards injury of the third party, liabilities towards damages to a third-party vehicle and/or liabilities towards third-party property damage. Own damage liabilities include liabilities towards own injury and/or liabilities towards own vehicle damage. Mishaps that cause such liabilities include man-made calamities, natural calamities, theft, etc.