The internet is swarming with all kinds of insurance companies and firms providing a whole range of 4 wheeler and 2 wheeler insurance policies. Furthermore, the online market is especially competitive which results in any interested buyer getting the best possible quotes and cover.

Insuring vehicles is a very common act followed by people and it is mandatory by law in India to drive a vehicle only after insuring it. Insuring a vehicle is very important as you can never predict the time when your vehicle can meet with any kind of loss in the form of accidents, lost, repair and so on.

There are many companies offering insurance policies and most of them prefer the highest reputed companies in the sector. This can be considered as a reference to the financial institution owned by the government authorities of the country considering the security of the money you are depositing as insurance premium. Various kinds of vehicle insurance are available- 4 wheeler insurance, 2 wheeler insurance and even insurance for heavy vehicles.

Insuring a bike is important because of the high risk involved. A bike is not just known for its emotional rewards, but also the practical aspects. A bike, as most bike owners would gladly testify, not only saves time but also a lot of money. On the other side, there is only one major disadvantage to owning a bike. It is the higher possibility of accidents and theft. It is very easy to lose balance on a bike and some die hard bikers even believe that a person does not know how to ride a bike unless he has fallen off his bike once.

Even though this risk is part of the exhilaration, there are serious ramifications if something like this happens. This is the reason that one should get his two wheeler insured. A 2 wheeler insurance policy can protect a bike owner from the consequences of multiple things. The following is a list of them.

1. Accidents: It is easy for a person to lose balance and have an accident on a bike. If such a scenario does arise, then the financial implications of the bike repairs can break anyone's long term financial stability. Having one's motorcycle insured can protect the owner from any long term financial effects of a bike accident.
2. Theft: The majority of policies for two wheelers provide cover against the insured bike getting stolen. It should be noted that it is much easier to steal a bike than a car.
3. Third party: Many insurance policies also provide protection against any third party legal liability. For example, if a person has an accident with another bike, then he could very well expect to be slapped with a lawsuit demanding compensation for physical injury and property damage by the plaintiff.

These are hefty financial demands that can seriously affect that person's pockets. A 2 wheeler insurance policy can provide the vehicle owner with cover against any such events.