Indore, with a population of approximately 2.2 million people is home to over 1.3 million registered vehicles, with two-wheelers accounting for 3/4th of all such vehicles. As of 2015, the city had a two-wheeler density of 471 bikes per 1,000 people. Given these numbers, accidents are commonplace in the city, with 424 deaths recorded in the year 2016 (according to data from The Global Safety Report). As such, a good two-wheeler insurance can help minimise any damage caused due to such incidents, with the government making it mandatory for all bikes to have them.
Indore, being the largest city in Madhya Pradesh is home to most of the big general insurance companies that function in the country, with the popular ones being:
Note that the insurers mentioned above are not listed in any particular order.
Being in an accident can be a traumatic affair, with no one wishing to experience it. Things, however, can continue to be traumatic, especially when the damaged vehicle needs to be fixed. Most insurers aim to reduce the mental anxiety and stress post an accident, offering the option of cashless garages in Indore. One can simply approach these garages to get the bike repaired, with it possible to locate them through multiple means.
Getting a damaged bike fixed at a cashless garage can be advantageous, offering some unique benefits to individuals.
Purchasing a bike insurance goes beyond meeting government requirements, for a good insurance policy can help protect oneself financially in the event of an accident. Given the number of options available in the market, it is smart to consider a few important points before buying the policy.
A number of people travel across the country in search of better opportunities, and as such might end up buying a two-wheeler from a different state. While there is no restriction on the sale of such vehicles, one should keep in mind to transfer the insurance from the original owner. Failing to do this could result in no cover being provided in case the vehicle is involved in an accident.
An individual looking to transfer ownership of the bike insurance can do so by following a few basic steps.
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