Why Do You Need a Motorcycle Insurance?

Many of us prefer a motorcycle above a car, due to many reasons. But, the chances of meeting with an accident brutally is more in a motorcycle than a four-wheeler. In case of an accident, two things you have to consider- liability and damages. Bike Insurance help us in such situations to tackled easily

Factors Involved in a Motorcycle Insurance:

Liability - Liability determines who was at fault during the accident. The person who claim has to prove that it was the other driver’s fault during the accident. Damages are the injuries and losses the plaintiff suffered due to the accident. If the person can prove it was other person’s negligence, he/she will get the compensation. But, if the plaintiff did not get hurt, no damage to the motorcycle or cannot prove the fault of other, there would be no compensation.

Settlement value- When a person wants to avoid the risk of losing the trial and losing everything, a middle ground is reached through settlement. The settlement amount is much lower than the amount one has to pay if the trial is own.

To Know More Read: How Does Motorcycle Insurance Work and What is its Value?

Special Damages- Special damages in motorcycle accident cases are calculated including employment benefits, medical bills and other financial losses that the plaintiff incurred as a result of the accident.

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of the

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before you in

Know Detailed Information About Acko Bike Insurance

If you’re a bike enthusiast, you know that it’s important to have the right coverage for your bike. Acko Bike Insurance provides comprehensive coverage for bikes, offering a range of plans to suit different needs. Acko Bike Insurance is an insurance product from Acko General Insurance, a digital-first insurance company based in India. It’s an innovative product that provides comprehensive coverage for two-wheelers, offering a range of plans and features to meet the specific needs of bike owners. Acko Bike Insurance provides coverage for a range of bikes, from standard models to high-end bikes. The coverage includes accidental damage, theft, fire, and natural disasters. It also covers legal liabilities, including for third-party property damage and bodily injury. The main benefits of Acko Bike Insurance are the comprehensive coverage and the flexibility of the plans. You can choose from a range of plans, each with its own set of features and benefits. You can also customize the co

All Insurance News and Plans

Search This Blog