Are you Buying Two-Wheeler Insurance Blindly? Take a Quiz to Find It Out!

A two-wheeler insurance consists of various clauses, each covering you and your vehicle against various losses or damages. While we know how important it is to read the two-wheeler insurance policy document before buying, unfortunately, there are only a few people who ‘actually’ implement this thought and read their policy beforehand.

How would you define yourself? Take this quiz to test your knowledge about a two-wheeler insurance policy.

More number of your correct answers, the closer you come to the genius level! So, let’s play=

  1. One night when you are riding down the roadon your bike, a dog appears from nowhere and hits your vehicle. What type of two-wheeler insurance policy would pay for the repairs to your bike?
  • Third-party liability
  • Comprehensive bike insurance
  • Insurance, why? I think, Municipal Department should pay me compensation
  1. While returning home on your bike from one of your friend’s birthday party, you hit a car under the influence of alcohol. As you have a valid license, would your two-wheeler insurance company pay for the damages caused to your bike and the third-party?
  • Yes, because my license was valid at the time of the accident
  • No, because accident happened when I was under the influence of alcohol
  1. Unscramble the Word: ILYATIBLI (Hint: It is that kind of insurance, which pays for the losses or damages caused by your vehicle to the third-party)
  1. Yesterday, you had a bike accident, can you purchase insurance for it today?
  • Yes
  • No
  • May be, it depends on the insurer

 

  1. Which of these factors do not help in deciding your premium rates?
  • Profession
  • Geographical region
  • Religion
  1. Is it legal for you to insure your father’s scooter?
  • Yes
  • No
  1. Fill in the blanks with the correct answer= If you were riding your friend’s bike when you met with an accident, (i) insurance company will come forward to pay for damages, and (ii) will be mad.
  • His/Your
  • He/You
  1. Can you transfer your bike insurance from your old bike to a new two-wheeler?
  • No
  • Yes
  1. One fine morning, when you are on a highway, you collide with a scooter coming from the other side. The accident causes damages both to your bike and the scooter. Now, would your third-party liability insurance cover damages cause to your bike?
  • Yes
  • No
  1. You recently do an engine swap and modify your motorcycle with a new powerplant. Would your two-wheeler insurance policy automatically cover new engine as well?
  • Yes
  • No
  1. Fill in the blank: In case you are not satisfied with the claim settled by your two-wheeler insurance company, you can approach _mb_d_m__n and file a complaint?

Check Your Answers

 

  1. B, comprehensive bike insurance would pay for the losses or damages caused to your vehicle. Such type of insurance policy not only pays at the time of damages caused by your vehicle to another vehicle/property, but it also pays if a loss/damage happens to your own vehicle as well.
  1. B, even if you have a valid driving license, a two-wheeler insurance would reject your claim if you were under the influence of intoxicating liquor or drugs at the time of the accident.
  1. Liability
  1. B, there is no provision of issuing a retroactive bike insurance and therefore, the policy that you have bought today will not cover any previous damages.
  1. C, your religion can’t influence your bike insurance premium rates in any way. Some insurers give discounts on premium rates if you are the Member of RecognizedAutomobile Similarly, if you live in a place which is more prone to accidents, your two-wheeler insurance company can increase your premium rates.
  1. B, a two-wheeler insurance can be issued only in the name of the owner who has an insurable interest in the vehicle. However, the owner doesn’t need to have a valid driving license or be the sole rider of the vehicle. It means, if your father doesn’t have a valid license, he can still get the policy issued under his name.
  1. If you were riding your friend’s bike when you met with an accident, (his) insurance company will come forward to pay for damages, and (he) will be mad. Note, if you were under the influence of alcohol or drugs, your friend’s insurer can refuse to settle the claim.
  1. B, yes you can transfer your bike insurance from your old bike to a new one. However, the premium would be adjusted on a pro-rata basis, and your new two-wheeler should be of the same value. Also, you can’t transfer your two-wheeler insurance policy to a car.
  1. B, as you only have a third-party liability insurance, your two-wheeler insurance would only cover losses or damages caused by your vehicle to another vehicle, which is a scooter in this case. Any expenses that you would incur in repairing your bike would be paid by you.
  1. No, your two-wheeler insurance will not extend coverage to new engine automatically. You would have to inform the insurer and pay additional premiums to get the coverage for your new engine.
  1. Ombudsman

It’s Time for Results

It is calculatedon the basis ofthe number of your correct answers

  • 0-4 right answers= You are the one who buys two-wheeler insurance just for the heck of it. It’s time to get rid of this habit and read your policy document carefully to understand what you are buying.
  • 5-7 right answers= Not bad, but consider reviewing your two-wheeler insurance policy in depth. It’s about your insurance, so little information is as bad as no information.
  • 8-9 right answers= You have a good understanding of your two-wheeler insurance policy with a complete understanding of its clauses. A little more understanding would make you a genius.
  • 11 right answers= You are simply a genius as you have a complete understanding of your two-wheeler insurance policy.

 

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