Third party losses coverage safeguards you from unexpected legal claims if your bike causes injury, death, or damage to someone else’s property. In such situations, the insurer handles the compensation amount and related legal expenses as per policy terms. This ensures you remain financially protected and legally secure while riding on the road.
Third Party Losses
Third party insurance covers legal and financial liabilities if your bike causes injury, death, or property damage to another person. It protects you from heavy compensation costs and legal expenses arising from accidents. This coverage is mandatory and ensures you stay legally compliant while riding on the road.
Third party policy is a mandatory insurance policy that protects you from legal liabilities. If you cause damage or injury to a third party while driving.
Third party policy validate for 5 years.
Riding without a TP policy can lead to heavy penalties and even the suspension of your driving licence.
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What’s Covered Under Third Party Losses
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Is accidental damage covered in bike insurance?
Yes, bike insurance covers damages caused by road accidents, collisions, skidding, or overturning. It helps pay for repair or replacement costs, reducing your financial burden after an unexpected incident.
How can I claim bike insurance?
You can file a claim easily by informing the insurer immediately after the accident. Submit the required documents, and once approved, repairs can be done through cashless network garages or reimbursement.
Does bike insurance cover theft?
Yes, comprehensive bike insurance provides coverage against theft. If your bike is stolen and not recovered, you receive compensation based on the insured declared value (IDV).