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Which One is Better - Bike Warranty or Bike Insurance

Writer: YashJYashJ

It's critical to understand the difference between bike insurance and bike warranty if you own a bike or two-wheeler. When an unpleasant scenario arises, both bike insurance and bike warranty come in helpful.


As a bike owner, you should be aware that bike insurance is required, whereas a bike warranty is included with the purchase of the bike for a set length of time. Every vehicle on Indian highways is required by law to have third-party bike insurance, according to the Motor Vehicles Act. In a couple of minutes, you may acquire bike insurance online.


What is Bike Insurance and How Does It Work?


When you ride a bike, your chances of getting into an accident are higher, which can result in damage to both your bike and another person's vehicle or property. If you don't have an active bike insurance coverage at this time, it could put you in a financial bind. Aside from that, your bike may be damaged or destroyed as a result of unanticipated catastrophes such as floods, theft, or fire breakouts, all of which are covered by your bike insurance policy. However, you'll need a comprehensive bike insurance policy to acquire all of this coverage. According to government regulations, you must have at least a third-party bike insurance policy that only covers third-party property damage, third-party injuries, and personal accident coverage.


What is the meaning of a bike warranty?


In a bike warranty, the manufacturer guarantees that any defective element of the bike will be replaced. The bike warranty is valid for a set length of time, during which time the manufacturer's specified parts can be replaced if the bike breaks down before the expiration date. With the purchase of a new bike, a bike warranty is included.


Bike Warranty Types


Bike warranties are divided into two categories:


1. New Limited Warranty:


A new bike usually comes with a guarantee period of three to five years, which is supplied by the manufacturer and varies by bike.


2. Warranty Extension:


You can purchase an extended warranty when your bike's warranty expires. It includes coverages that are not included in the new warranty.


Is it better to get a bike warranty or bike insurance? Which is more practical?


Depending on the situation, both a bike warranty and a bike insurance policy can be beneficial. Bike warranties are included with new bike purchases and are valid for three or five years, depending on the manufacturer.


During the guarantee period, if any mechanical or electrical component of the bike fails, it can be replaced without difficulty. When the bike is destroyed by a flood, an accident, or theft, however, the bike insurance policy has the upper hand because it provides comprehensive coverage.


Not only that, but bike insurance also covers damage to other people or property in the event of an accident or collision. While riding on the road, it is also required to obtain at least a third-party bike insurance policy.

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