Is Third-Party Insurance Cover Enough for an Electric Two-Wheeler?

livemint.com:

Third party bike insurance is a type of two-wheeler insurance coverage where you get coverage for all third-party liability expenses. The covers under this type of policy include: If you happen to damage a third-party vehicle with your vehicle, you will have to compensate the owner for the damages incurred. This can be quite expensive.

A third-party bike plan helps at such a time as it compensates the other party on your behalf and you are spared the financial troubles. This helps to protect your money and also gives you a lot of mental peace. At times, a person travelling in another vehicle or standing on the road may be seriously injured due to an accident caused by you.

In such cases, you will have to pay for their medical bills. When you have a third-party two-wheeler insurance plan, the insurer takes care of these expenses and you are not required to pay any bills from your own pocket. It is not uncommon to see scooters and bikes being driven into gates and boundary walls of houses.

At such times, the owner of the property undergoes a huge financial loss and you are expected to pay for the damages. A third-party two-wheeler insurance cover takes care of this liability and pays for the repairs to the third-party property. Road accidents can often get ugly.

If things get really bad, the third party involved in the accident can drag you to court. Legal expenses, as you know, can be quite high and paying for them may not be the easiest thing to do. Thankfully, a third-party vehicle insurance plan covers all legal expenses and this proves to be a major benefit.