What is the Difference Between Two-Wheeler Own-Damage and Third-Party Insurance?

Are you unsure if you should buy third-party or own-damage insurance for your two-wheeler? We will clarify the differences between the two in this article. It’s crucial to understand that third-party insurance is required by the Motor Vehicles Act of 1988, but own-damage coverage is optional but highly recommended for protecting your precious item. Before purchasing Two-wheeler Insurance, read on to learn more about the differences between the two.

What is Own-Damage Bike Insurance, and how does it work?

Own Damage Bike Insurance, as the name implies, covers the vehicle against loss or damage caused by an accident. The Insurance Regulatory and Development Authority of India allowed all bike owners to get separate damage insurance from several insurers. Bike owners can purchase their own damage insurance for a year and then renew it as needed. Bike owners can also increase their coverage by paying a higher cost for add-ons. Own-damage provides more protection than third-party damage.

What is Third-Party Bike Insurance, and how does it work?

Bike owners are required by the Motor Vehicles Act of 1988 to cover their bikes with a Third Party Insurance policy. This sort of bike insurance protects the owner of the vehicle against damage, injury, or death caused by the vehicle.

Benefits of Third-Party Bike Insurance

A few of the advantages of purchasing third-party bike insurance are listed below.

Documentation that isn’t a pain to work with

There is no need to examine your bike because it is not covered by this sort of insurance. You also do not have to create a large number of papers. It is possible to select the level of coverage that you want.

A sense of calm

You won’t have to worry about losing money if you cause damage to someone else’s property or person since this sort of insurance covers the financial losses you may incur.

Legal Protection

In the event that a case is filed against you for causing death, disability, or property damage to a third party, all of your legal fees are covered.


The cost of third-party bike insurance is less than that of own-damage coverage.

Benefits of Own-Damage Bike Insurance

A few advantages of choosing personal damage bike insurance are listed below.

Online Insurance Comparison And Selection

You may choose own damage coverage from a variety of insurers by comparing rates and examining the scope of coverage available.

Enhanced Coverage

The vehicle is covered by own-damage bike insurance against the following events:

  • Damages caused by chance
  • Theft and vandalism are two examples of theft and vandalism.
  • Natural catastrophes caused by humans
  • Landslides, floods, and hurricanes are examples of natural disasters.
  • Theft and vandalism are two examples of theft and vandalism.
  • With the above comparison in mind, choose between your own damage cover and third-party insurance for your bike. To make an informed selection, consider your options, premium paying capacity, and the bike’s age, since the older the bike, the greater the premium, and vice versa.

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