Two-wheeler or bike insurance policy is a special insurance that provides coverage for bikes and any damages caused by them to a person, another vehicle or thirdparty. It firstly covers all the expenses required for repairing and servicing the bike due to an accident, intentional damages (theft, collision, burglary, vandalism, etc.), natural calamities (floods, earthquake, storm, etc.), fire, or a sudden mishap. The insurance plan also helps you to compensate a third party for the losses faced by him or her. It includes the liabilities for the physical injury of a person, vehicle orproperty damage.

If you own a bike, it is highly recommended to buy a bike insurance policy to protect your bike as well as to get financial relief for causing any damages to a third party by your two-wheeler.

Bike owners need different types of insurance coverage depending on their needs and budget. These are the three main types of bike insurance that you can buy based on your requirements.

Comprehensive Bike Insurance

This insurance provides with complete 360-degree coverage. It covers all the costs required to repair your own bike damages caused by a road accident or any unfortunate incidentas well as third-party compensations. Third-party coverage includes thecosts for the damages faced by another person, his/her vehicle or a property due to an accidentcaused by your bike. Under this policy, one can also get add-ons which include nil depreciation cover, engine cover, spare parts cover and many more.

Third Party Bike Insurance

This insurance is made compulsory by law in India and so any bike owner must get a third-party insurance separately if he or she does not buy a comprehensive policy. As the name suggests, this insurance covers the losses caused to a third party by the insured’s bike. It covers the liabilities for bodily injuries, fatalities, temporary or chronic disabilitycaused toa person or third party. This insurance also covers the expenses for any property damage/vehicle damage caused by the bike of the policyholder.

Own Damage Insurance

This insurance covers only the damages caused to your own bike. This is beneficial to protect your bike from any kind of mishaps, starting from road accidents, natural calamities to man-made adversities. This policy gives options to the policyholders. They can either buy this policy and a third-party insurance policy from the same insurance company or buy themseparately from two different companies. Therefore, given such flexibility, a person can optimize the coverage of the insurances and also stick to the budget requirements.

Here’s what included and excluded in the bike insurance policy.

Inclusions

• Expenses required to repair the bike from damages caused due to natural calamities
• Expenses required to recover the bike from damages caused by man-made disasters or acts, and accidental damages caused during transit
• Personal accident coverage up to 15 lakhs for the registered owner of the bike
• Legal liabilities and compensations to be provided to the third party for any accidental damages, property damage, unfortunate death or disability

Exclusions

• Deterioration in the parts or wear and tear in the bike due to ageing
• Any types of consequential losses
• Any harm caused to a person or the insured bike rider due to an accident while being drunk or drugged
• Damages caused when the bike is used not in accordance with its limitations
• Wear and tear of tubes and tyres
• Mechanical and electrical breakdown
• Damages caused to the insured bike rider or a third party/person without a valid license

• Fast Policy Purchase Procedure
• Easy and hassle-free claim settlement online or offline
• A vast network of garages all over the country
• Affordable premiums and options for add-ons
• 24x7 assistance for claim settlement or other related queries

Having a bike insurance policy is a supreme necessity today. A reliable insurance policy provides all types of financial protection and help you to ride your two-wheeler stress-free. To buy the best Bike insurance plan today, reach us!