Piaggio Two Wheeler Insurance

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Piaggio & C. SpA is a motorcycle manufacturing company found in 1884 which is based in Pontedera, Italy. The company initially focused on manufacturing aircrafts, but after the World War II, the company has only focused on two wheeler manufacturing. Piaggio manufactures compact commercial vehicles and two wheelers and distributes it across various countries. Its subsidiaries are Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi and Scarbeo.

The response to the two-wheeler vehicles were remarkable when Vespa was first launched post the war and soon it concentrated solely on building an empire that is popular in the world today. In 2004 it launched the very first of its kind hybrid scooter that is capable of running on both gas and electricity. Piaggio is a popular automobile brand in India both for two wheeler and Ape three-wheeler and four-wheeler commercial vehicles. Ape is one of the most convenient and popular transport vehicle that is used by every other store for transport of goods, shifting houses, etc. They are compact, affordable and durable for people who would want to utilize it for business purpose. In India the company operates under the name Piaggio Vehicles Pvt Ltd which is a wholly-owned subsidiary. Their two wheeler star vehicle Vespa, is the most popular and preferred choice for people who want their bike with an edge and retro feel.

Piaggio has its manufacturing unit in Baramati, Maharashtra. Piaggio models available for Indian Market:

1.Aprilia:

• Aprilia SRV 850 ABS
• Aprilia Caponord 1200 ABS
• Aprilia Mana 850 GT ABS
• Aprilia Dorsoduro 1200 ABS
• Aprilia Caponord 1200 ABS Travel
• Aprilia Tuono V4 APRC
• Aprilia RSV4 R APRC ABS
• Aprilia RSV4 Factory APRC

2.Vespa:

• Vespa SXL 150
• Vespa SXL 125
• Vespa VXL 150
• Vespa VXL 125
• Vespa Elegante

3.Moto Guzzi:

• Moto Guzzi Griso SE
• Moto Guzzi Bellagio
• Moto Guzzi Sports 8V
• Moto Guzzi California 1400

Piaggio Two Wheeler Insurance, Is It Necessary?

Yes, it is absolutely necessary. These scooters will cost you a maximum amount of Rs. 1 lakh. If the vehicle is uninsured and a huge damage is caused to the vehicle, the entire expense has to be borne by you, the policy holder personally. Getting vehicle repaired also means the insurer will calculate depreciation for whichever part repaired or replaced along with the age of the vehicle and other factors. This will reduce the market value of the vehicle if you decide to sell the vehicle. In case you have caused damage to a third-party, person or property, the liabilities are plenty. The third-party may file a legal case on you, he/she may be severely injured, their property may be damaged, etc. To cover all these instances and for you to be tension free, a two wheeler insurance is a must.

A two wheeler insurance is a mandatory document that the owner of the vehicle has to own if he/she has purchased a vehicle. Two wheeler insurance is majorly classified into two types available in two terms.

• Third-party policy - Annual or long-term
• Comprehensive policy - Annual or long-term

A third-party policy is a must purchase if you are not buying a comprehensive policy. It provides cover against the legal liabilities and financial expenditure if the owner of the insured vehicle causes damage or injury to the third-party. A comprehensive policy provides cover for both the owner and the vehicle for accident, third-party liability, natural calamities, man-made calamities, theft, burglary, etc.

There are a number of riders or optional covers available for comprehensive policy. Since riding on two wheeler is risky especially on Indian roads, a pillion rider cover can be purchased to ensure their safety as well in case of an accident. Other rider options are anti-theft device cover, zero-depreciation cover, roadside assistance cover, no-claim bonus cover, personal accident cover, key replacement cover and return to invoice cover.

Today, everything is digitised ad technology has made work easier and faster, while making humans lazy and physically inactive (in most cases). While you can buy insurance online, compare different insurers etc. the insurer also provides cashless claim facility which you can avail at any point in time day or night, if you have met with an accident or need mechanical assistance for the vehicle. The insurer will have tie-ups with a number of hospitals and garages in various locations where upon intimation can send assistance to your location.

The premium for two wheeler insurance is very affordable and for a small amount, the coverage provided is vast and beneficial. If you want to ride tension free and fines for not owning an insurance, purchase insurance today and secure your bike from unwanted damages and expenses.