Understanding the Importance of Insurance for Old Two-Wheelers

The Supreme Court of India has made it mandatory to have two wheeler insurance after 15 years in order to obtain a valid permit for riding your two-wheeler. Insurance companies typically offer third-party liability insurance or comprehensive insurance policies to cover vehicle and personal damages. Most two-wheeler policies require annual renewal. However, insurance companies have started offering multi-year insurance policies lately. The policy can be renewed by the vehicle owner at the end of the term. Insurance for Older Bikes : It is important to be responsible and properly maintain your two-wheeler if it is more than ten years old. The depreciation period for your motorcycle is calculated from the time of its initial purchase. Insurance for bikes older than ten years, with a depreciated value, is referred to as old bike insurance. Comprehensive and third-party insurance options are available for older bikes. Reasons to Choose Insurance for Your Old Bike : Even if your vehicle is ...