MOTORBIKE INSURANCE – RISKS IN OWNING A MOTORBIKE

Risks are a part of life. But what if you can limit these risks. Motorcycles just like any other vehicles are prone accidents. When accidents occur, the damage may not be limited only to the cyclist but also a third party. It may be costly for an individual to cover the compensation cost. Motorbike Insurance Thailand comes in to hedge this type of risks. Let us see the risks involved in owning a motorcycle.

Theft

Unless something is valueless, someone will attempt to steal it. In a scenario that your motorcycle is stolen, you will look for avenues to replace it. What better way than to get compensated immediately by your insurer?

Accidents/Collision

Accidents or collisions come with a whole lot of other problems. First, you may need to pay for the damage caused to the third party for example, injuries, destruction of property and in the worst case death.

In addition to that, yourself as the cyclist you may need compensation for the damage to your motorbike. You might need someone to bail you out in case you are arrested for causing an accident.

Natural Disasters

Your motorbike may be damaged as a result of disasters such as floods and earthquakes. These natural disasters are hard to prevent but can be mitigated.

Fire

Just like the natural disasters, your motorbike might also be damaged by fire. Take for example a scenario where your garage catches fire and your bike is damaged. It will be quite expensive to repair your garage and the same time repair the damage to your motorbike.

Due to the inevitability of these risks, you should consider getting an insurance cover for your motorbike. Motorbike Insurance Thailandinsures you against these risks and in addition you get personal accident coverage. Moreover, they have various plans for you to choose from.