The article emphasizes the significance of insuring a Royal Enfield Classic 350, highlighting its sentimental value and legal necessity. It outlines the benefits, such as comprehensive coverage, third-party liability, personal accident cover, and cashless claim settlement.
If you are a proud owner of a Royal Enfield Classic 350, you know that it is more than just a bike. It is a symbol of style, power, and heritage. As a classic bike enthusiast, you understand the importance of protecting your prized possession. That's where a Royal Enfield Classic 350 insurance policy comes in.
In this article, we will discuss the best benefits of a Royal Enfield Classic 350 insurance policy and why it is essential for every Royal Enfield owner.
Why Do You Need Royal Enfield Classic 350 Insurance?
Protect Your Classic Bike
The Royal Enfield Classic 350 is not just any bike; it is a classic bike that holds sentimental value for its owners. It is a bike that has been passed down through generations and is a part of many family traditions. As a Royal Enfield owner, you understand the importance of protecting your classic bike from any unforeseen circumstances.
A Royal Enfield Classic 350 insurance policy provides financial protection in case of any damage or loss to your bike due to accidents, natural disasters, or theft.
Mandatory Requirement
As per the Motor Vehicles Act, 1988, it is mandatory for all vehicles to have a valid insurance policy. Riding a Royal Enfield Classic 350 without insurance can lead to legal consequences, including hefty fines and even suspension of your driving license.
Third-Party Liability Coverage
A Royal Enfield Classic 350 insurance policy provides third-party liability coverage, which protects you from any legal liabilities arising from damages or injuries caused to a third party by your bike. This coverage is especially crucial in case of accidents involving pedestrians or other vehicles.
Personal Accident Cover
A Royal Enfield Classic 350 insurance policy also provides personal accident cover for the owner-driver. In case of an accident, this cover provides financial assistance for medical treatment and even compensates for any loss of income due to temporary or permanent disability.
What Are the Best Benefits of Royal Enfield Classic 350 Insurance?
Comprehensive Coverage
A Royal Enfield Classic 350 insurance policy offers comprehensive coverage, which includes both third-party liability coverage and own damage coverage. This means that your bike is protected from any damages or losses due to accidents, natural disasters, or theft.
Cashless Claim Settlement
One of the best benefits of a Royal Enfield Classic 350 insurance policy is the cashless claim settlement facility. This means that in case of any damage or loss to your bike, you can get it repaired at any of the network garages of your insurance provider without having to pay any cash upfront. The insurance company will directly settle the repair costs with the garage.
No Claim Bonus (NCB)
If you do not make any claims during the policy period, you are eligible for a No Claim Bonus (NCB) at the time of policy renewal. This is a discount on the premium amount and can go up to 50% for consecutive claim-free years.
Add-On Covers
A Royal Enfield Classic 350 insurance policy also offers various add-on covers that you can opt for to enhance your coverage. These add-ons include zero depreciation cover, engine protection cover, roadside assistance, and more.
Affordable Premiums
Contrary to popular belief, a Royal Enfield Classic 350 insurance policy is quite affordable. The premium amount depends on various factors such as the age of the bike, your location, and your driving history. With the right insurance provider, you can get a comprehensive policy at a reasonable price.
How to Choose the Right Royal Enfield Classic 350 Insurance Policy?
Compare Policies
Before purchasing a Royal Enfield Classic 350 insurance policy, it is essential to compare policies from different insurance providers. Look for the coverage, add-ons, and premium amount offered by each policy to make an informed decision.
Check the Claim Settlement Ratio
The claim settlement ratio of an insurance provider is an essential factor to consider while choosing a policy. It indicates the percentage of claims settled by the insurance company in a particular year. A higher claim settlement ratio means that the insurance provider is reliable and has a good track record of settling claims.
Read Reviews
Reading reviews from other Royal Enfield owners can give you a better understanding of the insurance provider's services. Look for reviews on the company's website, social media, and other online platforms to get a well-rounded view of their services.
Opt for a Comprehensive Policy
While it may be tempting to opt for a basic third-party liability policy to save money, it is always advisable to opt for a comprehensive policy. A comprehensive policy offers better coverage and protects your bike from various risks.
Meet Rohit, a proud owner of a Royal Enfield Classic 350. He had recently purchased his dream bike and was excited to take it out for a ride. However, on his way back home, he met with an accident due to a sudden brake failure. His bike was severely damaged, and he had to be hospitalized for a few days.
Fortunately, Rohit had a comprehensive Royal Enfield Classic 350 insurance policy. He immediately informed his insurance provider and filed a claim. The insurance company arranged for the bike to be towed to the nearest network garage and settled the repair costs directly with the garage. Rohit was able to get his bike repaired without having to pay any cash upfront.
Conclusion
As a Royal Enfield owner, it is your responsibility to protect your classic bike from any unforeseen circumstances. A Royal Enfield Classic 350 insurance policy offers comprehensive coverage, cashless claim settlement, and various other benefits that make it a must-have for every Royal Enfield under 350 owner.
So, if you haven't already, get your Royal Enfield Classic 350 insured today and ride with peace of mind.
Recommended Link: Tips to Maintain Your Bike For a Long Drive
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