Owning a vehicle is a big responsibility. You are considering yourself as well as your vehicle. If you get sick, the vehicle might also get damaged. So, the same thing depends on how you are taking care of yourself, you must take care of your motorcycle as well. If people buy insurance plans for themselves, so as with the motorcycle. There are also different comprehensive insurance plans for them to choose from. As an owner, to protect your motorcycle from possible problems, an insurance plan can help you out from the mess. For example, you have bought a motorcycle for just a month, yet someone stole it from you. It could be a big headache on your end that you have lost one of your investments. Roojai Motorbike Insurance plans can help you from stolen or missing vehicles?
As a motorcycle owner, you have to know the advantages and benefits of buying an insurance plan for your vehicle. Others might think that it is just another expense that is not essential, but they are wrong.
The voluntary motorcycle insurance
Thailand offers voluntary motorcycle insurance, which is optional insurance. It means that it is not required by the law. However, if you are concerned with yourself as well as with your family, then you will not hesitate to buy motorcycle insurance online. Voluntary motorcycle insurance has different coverage types. It covers damage to the insured vehicle whether it is the driver’s fault or not. Motorcycle insurance plans will not just help you out from securing your vehicle’s unwanted incidents, but also helps you with finances as well. There are different categories of voluntary motorcycle insurance to choose from, such as:
- Motorcycle insurance plan 1
- Motorcycle insurance plan 2+
- Motorcycle insurance plan 2
- Motorcycle insurance plan 3+
- Motorcycle insurance plan 3
There are the types of motorcycle insurance plans that you can choose and enjoy each of their coverages. Buying a motorcycle insurance plan may not be compulsory, but it depends on the type of vehicle that you have. If you have a big bike, then it is considered a large vehicle that needs to have CMI (Compulsory Motor Insurance). CMI is required by the law in Thailand. It is also additional protection for both the owner and the vehicle for any possible unwanted mishaps. Buying voluntary motorcycle insurance is a big help.
What is CMI?
Compulsory Motorcycle Insurance is the mandatory insurance for all motorcycles around the state. The insurance provides coverage for everyone affected by motorcycle mishaps. Whether the person is a passenger, driver, or pedestrian. In unwanted situations like loss of body parts or loss of life, the deceased person’s beneficiary will also be covered. It is only applied in the case of death. It has basic insurance coverage, the driver will claim compensation once there’s an accident. The compensation can only be claimed if the driver is injured – it doesn’t cover the motorcycle damage. It covers the following:
- Permanent disability
- Loss of vital organ
- Medical expenses
All these coverages can be claimed if it is not the fault of the driver.