Looking at the context of current Motor Vehicles Act of India the minimum insurance cover that is mandatory for two wheeler owner is to have is a third Party cover.A third party cover insures one against third party liabilities. In case any damage to a third party property or a death of a third person caused due to acts of driving can lead to legal liability arising on the owner of the two wheeler and if your policy has a third party cover , all these legal liabilities can be taken care by the same. Any comprehensive two wheeler policy always has inbuilt third party cover attached to it.
The premium rates of third party cover are generally set by the transport authority of the state and it varies as per the current location. People riding the two wheeler in category one metro need to pay a higher premium for third party cover. Now the problem lies in choosing the right third party two Wheeler Insurance .Every insurer generally offers third party insurance in two formats .The first format is independent policy which offers only third party cover and the second format is combining a third party cover with a comprehensive policy.
Though the third party two insurance is not complex as a comprehensive plan but is is always advised to look for the right product that suits one’s need perfectly .The most correct mode for buying the right third party two wheeler insurance is to buy it online.Online buying opens better opportunities for the policyholder to make a better decisions. There are lot of benefits associated with buying a third party two insurance online which are as listed below
a. There are a whole list offerings that exist in the market today. buy two wheeler insurance plans online lets you do a more smarter comparison of plans offered by various insurers in one go.You can easily sort out the right plan based upon right features.
b. Doing comparison of third party insurance plans offline can always be a cumbersome process. It can sometimes turn tricky and you may miss out some important features.Online makes the process more easy which empower the policyholder largely.
c. Buying a third party two wheeler insurance online can also help a policyholder save a lot of money.Though the preliminary rates are generally set by the transport authorities but insurer based upon it ability to takes risk do offer discount. Online comparison of third party plans can give you advantage of getting the right price and can help you choose the cheapest with the most advantage.
d. Another important factor of buying third party plans online is that the process is always very fast. It is always a two steps .You can renew your insurance anytime even if it is going to expire within 12 hours and thus safeguarding you from going uninsured.
So the overall benefits attached with buying a third party two wheeler insurance online actually select the right add on and Compare two wheeler insurance onlinevarious plans. gives more leverage to the policyholder in terms not just buying a new policy but also renewing an older one.It also assures that you don’t end up going uninsured at any point of time making your driving risk free
