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Why Is It Important to Have a Motorbike Insurance in Sri Lanka?

If you are someone who is interested in buying a motorbike, well then, the first thing you must ensure is that you invest in motor insurance, as this can help protect your bike from any unforeseen financial losses that could incur due to accidental damages or theft.

We’ve compiled a list of why it is important to own motorbike insurance in Sri Lanka:

Mandatory Rule of the Country

First off, every country has a mandatory state law that requires any motor owner to own an insurance policy for their vehicle. According to Sri Lanka’s Motor Traffic Act, No.14 of 1951 and its subsequent amendments, owners of motor vehicles need to be insured or secured against third-party risks. At Continental Insurance, we provide the best competitive premiums and full range of insurance policies for motor bikes available to you.

Comprehensive Cover

Most policyholders prefer purchasing a comprehensive insurance policy as it provides various add-on covers including personal accident covers. This type of insurance policy provides you with both third-party cover and own damage cover.

If you are looking to buy a motorcycle to ride on the road, ensure that you invest in the right insurance which is important for you. The Continental Insurance Motor Policy protects you and provides a well-cushioned ride every time you’re on the road.

Third Party Fire and Theft

Third party fire and theft cover is a different type of insurance. If you obtain Third party fire and theft insurance policy, you are covered following areas:

So if you're a victim of vehicle theft, a third party, fire and theft policy, your insurance should pay for its replacement cost.

Third-Party Cover

A Third-party motorcycle insurance is the most common type of vehicle insurance. It covers only the damages and losses caused to a third-party vehicle, property, or person in the event of an accident.

Benefits of Buying Motor insurance:

If you are in the market for a new motor insurance policy, there are many reasons for choosing Continental Insurance as your insurance provider:

Buy your bike or motorcycle insurance online today from us and protect yourself and your vehicle from damages and losses. Talk to our insurance experts to get the best bike insurance policy quotes to cover your requirements. Reach out to us via our 24-hour hotline on 0115 200 200 or visit any of our branches for more information.