Edelweiss Third-Party Bike Insurance Policy

Edelweiss Third-party Bike Insurance

Third-party bike insurance is a basic policy that you need to ride legally on the roads. It provides financial compensation to the policyholder in case of an accident or a mishap. In that case, the insurance company is liable to pay for the loss or damage incurred. With third-party bike insurance, a person is saved from various legal conflicts.  The details regarding Edelweiss third-party bike insurance policy.

Edelweiss Basic Comprehensive Insurance vs. Edelweiss Third-Party Bike Insurance

The comparison between the Edelweiss Third Party bike insurance and comprehensive bike insurance is given below:

What is covered under Edelweiss Third Party Bike Insurance?

Edelweiss third-party bike insurance policy covers damages incurred by the third party, whether to the property or life. Even if the third party suffers any sort of injury, they are covered by the insurance. The policy also covers the riders and the insured against legal troubles while riding the bikes or scooters. Check out the coverage benefits as given below:

• Third-Party Injury or Death: If the bike of the policyholder and the vehicle of the third party gets involved in a collision that causes damage or death to the third party, the hospitalization expenses and the various other medical costs will be borne by the insurance company.  The compensation to be provided to the third party or to the nominee, as decided by the court of law, even under the pretext of permanent or partial damage or death, will also be covered by the insurance company.

• Third-Party Property Damage:  If and when a third party is involved in a mishap, the third party can sustain property damage, whose financial liability could be huge. The third-party insurance covers such liabilities for the policyholder.

What is excluded from Edelweiss Third-party Bike Insurance?

Although it is mandated to carry third-party insurance as per the Motor Vehicle Act, it has limited coverage benefits. Some of the benefits that are not included in this policy are as follows:

• Claims filed for own damages are not covered
• Add-on covers like zero depreciation, roadside assistance, etc. are not available
• Injuries caused to the rider