You probably already know – to participate in road traffic, your motorcycle needs valid MTPL insurance. It is your responsibility to others on the road. Riding without it can lead to a fine – and that is not something you want to add to your journey, right?
Every road user has a responsibility toward others, and MTPL insurance helps uphold that responsibility. What does this mean? If you accidentally cause a traffic accident that injures someone else, like another motorcyclist, or damages their belongings, you are responsible for covering those costs. In these situations, MTPL insurance is very helpful because you will not have to pay for the damages out of your own pocket – MTPL insurance takes care of them for you.
It is common for many motorcyclists to get MTPL insurance only for the riding season, not realizing that it can also be useful during the winter months. Imagine this – you have parked your motorcycle in an underground garage for the winter. Then, something unexpected happens – your motorcycle tips over and scratches a neighbor’s car. Even though this did not happen on the road, MTPL insurance would still be helpful. It would cover the damage your motorcycle caused to the neighbor’s car. However, if your motorcycle also got damaged, MTPL would not cover the repair costs – that is where casco insurance comes in, and we will tell you more about it soon.
If you have not done it yet, be responsible and check how much MTPL insurance for your motorcycle costs!