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What Do We Understand By The Term Bike Insurance, And Why It Is Necessary?

Two-wheelers consist of all the vehicles which ride on two wheels. So, two-wheeler vehicles mainly include bikes and scooters. The term bike insurance means an insurance policy that financially protects your bike or scooter against unforeseen events.

Because of the millions of vehicles traveling on the roads of our country at the same time 24*7, it is obvious that accidents will happen. Therefore, the government of India has made it mandatory to carry an insurance policy when you are running your vehicles on the roads.

The latest Motor Vehicle Act (2019) states that you have to pay a penalty of Rs2000 in the absence of carrying a two-wheeler third-party insurance policy, and your license could also be sized if you repeat this unlawful practice.

Furthermore, an bike insurance policy not only helps you reduce the financial burden but is also a companion on your journey. In shorter words, it protects an asset that is high-priced and of uncalculated worth to you.

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