Rules and types of motorcycle insurance

Rules and types of motorcycle insurance

Motorcycle insurance is a special type of insurance policy that provides financial protection to motorcycle riders. The insurance company pays compensation in the event of unforeseen events such as accidents, theft, natural disasters, or third-party damage. Below is a detailed discussion of motorcycle insurance: 1. Types of motorcycle insurance Motorcycle insurance is usually made up of different coverages. The main types are: A. Third-Party Liability Insurance Compulsory (in many countries including Bangladesh). It covers liability for bodily injury, death, or property damage to third parties. Example: The insurance company will pay compensation if someone's injury or car is damaged due to your motorcycle. B. Comprehensive Insurance Voluntary and comprehensive coverage. Coverage includes: Damage to your own motorcycle in an accident.  Theft, Fire, Natural Disasters (Flood, Cyclone). Third Party Liability. Personal Accident Cover (Driver/Passenger Injury). c. Collision Insurance Covers the cost…