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Universal Sompo Third Party Bike Insurance
Universal Sompo General Insurance helps protect people from unexpected problems in life. The Universal Sompo third-party bike insurance policy is a low-cost way to meet the legal requirement for bike insurance. It also helps cover losses or damage caused to another person or their property by your bike. Universal Sompo has made its processes digital to give customers a smooth and easy experience. The company offers strong support through its helpful customer service team. This third-party bike insurance covers legal and financial responsibilities related to third parties at an affordable price.
Features of Universal Sompo Third Party Bike Insurance
It is mandatory by law to have this insurance for your bike.It protects you from legal and financial problems if your bike causes damage to someone else.It covers injury or death of another person in a bike accident.It covers damage to another person's vehicle or property.The compensation for injury or death is decided by the court.It is a low-cost insurance plan compared to full bike insurance.It gives you peace of mind while riding your bike.
This insurance helps in these cases:Damage to someone else's property or vehicle If your bike damages another person's vehicle or property, the insurance will pay for it. It covers up to Rs. 1 lakh.Injury or death of another person If someone else is injured or dies because of an accident involving your bike, the insurance will pay compensation. The amount is decided by the court.
This insurance has limited coverage. It does not cover:Damage to someone else's property or vehicle If your bike damages another person's vehicle or property, the insurance will pay for it. It covers up to Rs. 1 lakh.Injury or death of another person If someone else is injured or dies because of an accident involving your bike, the insurance will pay compensation. The amount is decided by the court.
What Does Universal Sompo Third Party Bike Insurance Cover?
What Is Not Covered in Universal Sompo Third Party Bike Insurance?
Bike Insurance Plans By Universal Sompo
FAQs
It is a bike insurance policy that covers damage or injury caused to another person by your bike.
No, damage to your own bike is not covered.
You should buy it to follow the law and to stay protected from legal and financial trouble.
Yes, third-party bike insurance is more affordable than comprehensive insurance.