Bike Insurance

Riding a bike needs a lot of alertness and care from constant wear and tear, theft and accidents. Bike insurance guarantees safety of both the motorcyclist and the bike, wich makes your ride a joyride.

Need of Bike Insurance:

Without the bike insurance, motorcyclists and their bike are prone to the damage which is quite heavy on the pocket. But with a bike insurance policy, bikers can compensate the cost of any damages done to vehicle and repair works.

Bike Policy Coverage:

Bike Insurance policy is governed by the Indian Motor Tariff. Here's a list of bike insurance policy coverage:

• Loss or Damage: The bike insurance covers against any loss or damage caused to the bike due to the following.
• Natural Calamities - Fire, explosion, earthquake, flood, typhoon, hurricane, storm, cyclone, frost, landslide etc.
• Man made Calamities - Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, damage in transit by road, rail, inland waterway, lift, elevator or air.
• Personal accident cover: The personal accident cover of Rs1Lakh is available for the individual owner driver of the vehicle. Personal accident cover for passengers is a also optional.
• Third party legal liability: Third Party legal liability protects against the legal liability caused due to accidental damages: Permanent injury or death of a person and damage done to the property.
  Bike Insurance Discounts:

It's beneficial to stay longer with the insurer as they provide lucrative offer discounts like the no-claims-bonus. Many insurers offer bike insurance policies during the summer or winter seasons for those motorcyclists who don't use it all year round.

Key Benefits

• Cashless claim facility at Cashless Garage Network is available all across India.
• Claim charges of up to Rs1,500 in the accidental damage or loss of vehicle is specified under the policy.
• Avail cashless claim settlement at network garages all across India.
• There are a number of bonuses and discounts -
• No Claim Bonus- If you don't make a claim over a period of time, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%.
• Transfer our NCB: Transfer your benefits of No Claim Bonus when you shift motor insurance policy from one company to another.
• Voluntary Excess Discount: Discount on the premium available in addition to the Compulsory Excess.
• Additional discounts: Being a member of Automobile Association in India is quite beneficial as one can 5% discount.

Remember:

Before riding your bike it is necessary to take safety measures like wear helmet. If at the time of accident occurs motorcyclist is not wearing safety gear, their bike insurance policy may not fully cover injuries or damage. Therefore it's a must to wear one. If something happens to your motorcycle, you will only receive the market value so over insuring will not help you get a higher price for your bike.