The first planned city of India, “Chandigarh” was designed by Swiss-French architect Le Corbusier. The capital of 2 states of India, Punjab and Haryana, has a vast network of roads where riding a motorcycle is convenient. Considering it is a shared capital, roads of Chandigarh are busy. This signifies the importance of a bike insurance plan. Let us understand why you need two-wheeler insurance in the green city and where you can get the best coverage plan for your motorcycle.
As the roads get busier, the traffic on the road starts taking a toll. More vehicular movement leads to higher risk of accidents, thefts, and mishaps. Here is why buying bike insurance in Chandigarh is important:
Having a bike insurance policy (at least a third-party insurance) in Chandigarh is mandatory as per the Motor Vehicle Act 1988. Riding without insurance can lead to hefty fines (up to ₹4000). Make sure you have a valid insurance policy before riding on the public roads.
With heavy traffic, comes high risk of accidents. Mishaps can happen at any time and it is necessary to safeguard you and your bike to avoid unforeseen financial trouble. A comprehensive policy will make sure you and your bike are protected financially during an accident.
On an average, 3 vehicles are stolen daily in Chandigarh, with over 1382 reported stolen vehicles in the year 2024 itself. Public markets and unattended parking at unauthorized parking lots are the major hotspots for thefts in Chandigarh. If you have bike insurance, it can cover the IDV of your two-wheeler in case of a theft as per policy.
Most insurers have a network of garages tied up with them. Servicing your bike for repairs at these network garages makes sure a cashless transaction and direct, seamless insurance claim process.
Chandigarh is prone to earthquakes, as it comes under seismic zone IV. It also faces uncertain floods, storms, heat waves and cold waves. All these factors are a threat and make your vehicle susceptible to damages; damages which can be easily covered with insurance.
A comprehensive insurance policy can cover multiple aspects of your bike. A personal accident cover safeguards you in an accident, 24x7 roadside assistance comes in handy if you are stranded. Overall, it ensures complete financial protection of your bike in Chandigarh.
In Chandigarh, we offer 3 types of insurance that include:
A third-party two-wheeler insurance covers damages done to the third party (vehicle, individual or property) during an accident. This type of insurance is mandatory as per the Motor Vehicle Act 1988 and not having it whilst riding the streets of Chandigarh can lead to hefty fines.
Inclusions:
Only third-party damage is covered. (vehicle and Individual)
Exclusions:
A comprehensive insurance covers third-party damages and damage done to your own bike. As the name suggests, comprehensive insurance can cover every aspect of your bike that needs to be insured by customising the insurance policy with add-ons. Things like natural calamities, theft, engine protections, etc are covered in comprehensive two-wheeler insurance (Depends on the customisation).
Inclusions:
Exclusions:
Standalone own-damage insurance focuses solely on covering damages to your bike. This type of insurance is only available if you already have third-party insurance from the same or other insurer. This policy is best for those who already have third-party insurance and want to further protect their bike or two-wheeler.
Inclusions:
Exclusions:
Get the best quotes from insurers across Chandigarh through Coverfox, and buy insurance online by following these steps:
Renewing your policy is essential and timely renewal makes sure you do not lose your NCB (No Claims Bonus). Coverfox ensures fast and simple renewal of insurance online:
If your old policy is from Covefox then:
Below are the list of documents required when buying insurance policy online:
The claim process in Chandigarh is simple, easy and fast. Just make sure you follow these steps:
You can reduce your bike insurance premium costs with a few simple tips like:
Hustling through the roads of Chandigarh whilst enjoying your ride is a pleasure. But to have peace of mind while doing that is through bike insurance. A two-wheeler insurance policy makes sure the financial security of you and your bike. Get the best insurance quotes from Coverfox and get your insurance today!
You can get the best insurance quotes from Coverfox, and compare each insurer policy, premium costs and select which insurer suits best for you.
First, understand why the claim got rejected. If a document is missing the claim can get rejected, make sure you have all the documents correctly and file for a claim. If you feel you claim rejection was unjust, you can go to an Insurance Ombudsman to help you out. You can also contact the Coverfox support team to assist you with your claim process.
Insurance prices vary depending on the type of insurance selected, add-ons, NCBs, bike’s price, etc.
Yes, a third-party two-wheeler insurance plan is mandatory in Chandigarh.
