Two-wheeler
insurance policy will be issued for a period of one year. In recent years, the
insurance companies are offering an insurance plan for 3-years and 5-years as
well. The multiyear insurance plan will cover third-party liability. The
insurance contract is applicable as long as the policy is in force. The
insurance carrier’s responsibility ceases as soon as the contract expires. If you met with
an accident or any risk factor after the expiry of the policy, you should incur
out of pocket expenses. Hence, timely renewal of the bike insurance will
protect your interests.
