Consequences Of Driving Two Wheeler Without Insurance
Published On Jan 14, 2022 10:00 AM By InsuranceDekho
Is it obligatory to carry insurance? What will happen if you don't have one? Find out more in this article.
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More than 70% of two-wheelers on the road are uninsured, according to estimates. This is due to the fact that many consumers are ignorant of the benefits of bike insurance plans or neglect to renew them on time. Whatever the cause, you will be fined if you are discovered riding without valid motorcycle insurance coverage on Indian roads.
Consequences of Driving a Two-Wheeled Vehicle Without a Policy
The penalty for not possessing a third-party liability motorcycle insurance coverage has been increased from Rs. 1,000 to Rs. 2,000, and/or imprisonment for up to three months, according to the revised Motor Vehicles Act. Other Penalties for Violations of the Highway Code Not only does the law make it illegal to ride without bike insurance coverage, but it also makes several traffic violations illegal. Among them are:
- In a motor vehicle accident lawsuit, a compensation of Rs. 5 lakh for death and Rs. 2.5 lakh for serious injuries is awarded.
- Overspeeding carries fines ranging from Rs. 1,000 to Rs. 2,000.
- For driving recklessly, a fine of Rs. 5,000 is imposed.
- For driving without a helmet, a fine of Rs. 1,000 is imposed, as well as a three-month license suspension.
Expenses for Third-Party and Own-Damage
If you accidentally hurt another person or his property in a collision or incident, you will be held accountable for the damages or losses caused by the individual, which is known as third-party responsibility. If you have a third-party liability insurance coverage on your two-wheeler, it will cover any damages caused by you to a third party; otherwise, you will be responsible for the losses, and if the person dies, your financial burden may be too great to bear. In the absence of standalone or own-damage two-wheeler insurance, you may be responsible for damages to your own vehicle in addition to losses to third parties. As a result of driving without a bike insurance plan, you are responsible for paying for repairs and owing to the high cost of automobile repairs, a financial crisis is unavoidable.
To ride lawfully on Indian roads, it is therefore a prudent decision to get at least third-party bike insurance coverage.
What Kinds of Two-Wheeler Insurance Are There?
It is preferable to purchase insurance online. You may compare several two-wheeler insurance providers, their pricing, and their network of cashless garages in only a few clicks. With so many options available online, it's crucial to understand the basics of two-wheeler insurance so you can make an informed selection. One of the most important things to understand is that there are three primary forms of two-wheeler insurance in India, each with its own set of benefits:
This is the form of insurance indicated above, without which you might be punished. It covers third-party liabilities such as physical injury, death, and property damage in the event of a tragedy.
Own-Damage Insurance on Its Own
In the event of a mishap, this sort of insurance pays for damages to the policyholder's two-wheeler. It is not a required coverage.
Insurance that Covers Everything
In the event of an accident, this sort of insurance covers both third-party liability and own-damage expenses, as the name implies. Furthermore, it offers both for a single fee, making it the least complicated of the three.
To avoid the numerous losses and problems that come with riding without bike insurance coverage on Indian roads, you should get a suitable policy and renew it before it expires. It is now quite simple to obtain bike insurance coverage. All you have to do is take advantage of technology and get your bike insured online in a matter of minutes.
Also read - Some Myths Busted About Buying Bike Insurance Online Vs. Offline
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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.