IFFCO Tokio Third Party Bike Insurance

A third party insurance cover is meant to cover third party damage caused by the insured vehicle. It is exclusively designed to protect the legal liabilities of the third party resulting out of property damage, death or disability. IFFCO Tokio third party bike insurance is a cost effective plan which helps you mitigate third party liabilities. It provides you coverage against hefty financial expenses, thus, saving you from legal liabilities and unwanted stress.

IFFCO Tokio Third Party Bike Insurance vs Comprehensive Bike Insurance

Third party insurance policy provides coverage to the policyholder against damage, loss or injury caused to the third party in an unfortunate event. It also protects against several legal as well as financial liabilities. IFFCO Tokio third party bike insurance provides the following coverages to the policyholder:

• Damage Caused to The Third Party Property - In case the property of a third party got damaged during an accident, the liability arising out of the situation can be unlimited. Therefore a third party insurance policy provides protection to the policyholder against such liabilities.
• Injury or Death of The Third Party - If the insured’s vehicle is involved in the damage or loss of life caused to a third party, the insurance company will bear all the hospitalization as well as medical expenses. It also provides compensation to the third party and their nominee in case of partial or permanent damage or death. The amount is decided by a court of law.

What All Is Not Covered Under IFFCO Tokio Third Party Bike Insurance Plan?

A third party insurance plan is essential to be owned by every bike owner, but offers limited coverage. Here are a few points that are not covered under the third party insurance policy:

• No coverage for injury suffered by the policyholder.
• Damages caused to the insured bike will not be covered.
• Optional personal accident cover for policyholder is not offered.