Is bike insurance mandatory for 5 years?

Posted by Ensured Future on January 20th, 2021

Nowadays, the circumstances which are run in-country give hands to many unethical things under which cases of theft two-vehicle increases day by day and it affects the middle-class person so by observing these things Supreme Court declared 5 years bike insurance must for new vehicles from November 14, 2020 bike insurance for five years became mandatory.

This rule is made for covering a maximum number of bikes under bike insurance Policy for a long time.

The rule for 5-year bike insurance is also helpful for reducing the burden of renewing bike insurance every year and it also useful for reducing the case which occurs when people forget to renew the bike insurance and they are not able to claim the money which a person makes the payment for repairing the bike.

Bike insurance Policy also gives protection to your vehicle for a long time from those accidents and natural activities that may cause damage to the bike. Such activities besides accident like a flood, an earthquake, etc. also help you to reduce your burden for making payment of damage.

 If we talk about other benefits of bike insurance is that if you met accident from any other person and that person also want compensation so it also covers under bike insurance so it will not be wrong to say that one bike insurance safe your money for the next five years which help you to keep you and your vehicle safe and make you wealthy.