subject: Motorbike Insurance And Its Necessity [print this page] One of the common misconceptions that people have all over the world is that just because a bike is cheaper, smaller and easier to maintain than a car or, for that matter, any four wheeler, it does not really need to be insured. On the contrary, a bike needs insurance as much as any other thing in life. The reason for this is that a motorcycle faces the same threats that four wheelers do when they get down to the road. In different words, the unpredictability of driving on roads is equally potent for motorbikes as it is for four wheelers.
Furthermore, when it comes to the laws of the country, the Road Traffic Act of 1988 was created for both four wheelers and two wheelers. Effectively, this means that you are required by law to insure your motorcycle before you actually take it out for a spin. Failing your conformation to the law, if you get caught, you can be punished quite severely by the law enforcement authorities. For example, the minimum that you can expect from the officer who catches you are some penalty points on your licence and this can go up to a fine of 5,000 pounds and even complete disqualification of your licence. Therefore, as you can see, the stakes are pretty high which is why you should always insure your bike.
Even if you set aside the requirements of the law, you will still see that insuring your motorcycle is actually in your best interests. There are multiple benefits that insurance policies provide to the policy holder as their main purpose is to take into account and provide protection against all types of contingencies related to driving on the road. The following are some benefits.
1. Your motorcycle insurance policy would make sure that you do not suffer the worst consequences of some natural disaster damaging your bike badly. Protection against natural disasters is a major part of most insurance policies.
2. Simultaneously, since man-made threats are more likely, your policy would also cover you against the financial ramifications of you repairing the damage on your bike that is man-made.
3. Motorbikes, as any bike owner would tell you, need to be specifically protected against the threat of theft because they are easier to steal. There is no better way to protect your bike from this threat than you purchasing a motorbike insurance policy.
4. Finally, the law of the land states that you need to have a policy that takes care of your third party liability or you cannot drive your vehicle on the road. This law is nothing but the aforementioned Road Traffic Act. Third party liability can be defined as you being liable for injury or damage to someone else's property resulting from your mistakes or negligence. In practical terms, this means that should you have an accident with someone else's vehicle, he would be entitled to sue you for damages. Fortunately, almost every motorbike insurance policy that you will come across will carry a clause catering to this contingency.
by: Christopher Reinhold
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