CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Owning a motorcycle comes with responsibilities, and having third-party bike insurance is among them. Indian law requires two-wheeler third-party insurance to protect against damages to others in an accident. Riding without it could lead to legal penalties, financial burdens, or even suspension of your license.
The two-wheeler third-party insurance gives peace of mind and ensures law compliance. With online third-party insurance for two-wheeler riders, securing the coverage takes more or less a few minutes. Knowing the consequences of riding without these two-wheeler third-party insurance policies will enable you to make a well-informed decision.
Consequences of Not Having Third-Party Bike Insurance
Biking without third-party bike insurance can cause severe legal and financial implications. Here is what you risk by not having third-party insurance for bike owners:
Legal Penalties for Uninsured Riding
Indian law requires all two-wheeler riders to insure themselves against third-party liability. Riding without one can attract fines, prison sentences, and license suspensions. The Motor Vehicles Act of 1988 prescribes a fine of ₹2,000 for first-time offenders and ₹4,000 for repeated offenders.
In some extreme cases, authorities can suspend your driving license or seize your vehicle. Avoid these unwanted run-ins with the law by getting third-party two-wheeler insurance to comply with legal requirements.
Financial Burden in Case of Accidents
Accidents can be costly, especially regarding efficacious compensation, such as when others stand injured, or property damage occurs. In the absence of third-party motorcycle insurance, you will have to pay the medical fees as well as repair costs.
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