Universal Sompo Third Party Bike Insurance

Universal Sompo General Insurance has been shielding thousands of people against the unforeseen events of life. Universal Sompo third party bike insurance policy provides a cost-effective solution to the policyholders for fulfilling the mandatory requirement of the law as well as dealing with the liabilities towards the third party.

Universal Sompo General Insurance has digitalized its procedures in order to ensure a better experience for the policyholders. It provides maximum assistance to the policyholders through its efficient support team. Universal Sompo third party bike insurance policy covers the financial and legal liabilities of the insured’s bike towards the third party at an affordable premium.

Universal Sompo Third Party Bike Insurance vs Comprehensive Bike Insurance

The Universal Sompo third party bike insurance policy provides coverage for the following:

• Financial liabilities of third party property damage: The Universal Sompo third party bike insurance policy provides coverage for any property or vehicle damage of the third party caused due to the insured’s bike. The insurer provides compensation up to Rs. 1 Lakh for third party property damage.
• Bodily injuries/loss of life of third party: The insurer takes care of any bodily injuries, disability or loss of life of the third party caused in any mishap involving the insured’s bike. The compensation amount, however, is decided as per the court of law.

What All Is Not Covered Under Universal Sompo Third Party Bike Insurance Plan?

The third party insurance cover offers limited insurance coverage which every policyholder needs to be aware of. Here are the points which are not covered under the third party bike insurance policy:

• Damages sustained by the insured bike are not covered
• No compensation for injuries suffered by the policyholder
• Optional personal accident cover is not available with the third party cover.