Comprehensive Two-Wheeler insurance is not the same as third party liability Two-Wheeler insurance. While a third party plan protects a third person or property involved in an accident with your vehicle, a comprehensive two-wheeler insurance policy protects you, your bike, third party and property from financial damages.
Reliance General Insurer
Amount Covered: ₹ 1 Lakh
Deal Price: ₹ 2,094 / Year
Waiting period: 4 yrs
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
What is Comprehensive Bike Insurance?
A comprehensive third party policy will protect your two-wheeler, motorbike, moped, scooter etc, 24x7 & 356 days a year against fire, theft, natural or man-made disasters and more. Plus, you can also avail of cashless repair facility across network garages across India.
As per the law (Indian Motor Vehicles Act, 1988), it is mandatory to have at least a third party liability two-wheeler insurance policy in India. But it is advisable to purchase a Comprehensive bike insurance coverage policy. Here is why:
Indian roads are not at all rider-friendly
A single accident can leave you impaired; financial and emotionally
You might end up in jail, combined with a strict penalty
Legal obligations will add further stress to your daily life
The cost of medical treatment and hospitalization is expensive
Below is the list of events covered under a comprehensive two-wheeler insurance policy:
Damage Caused by Natural Calamities: Any damage due to natural calamities, such as thunder-lightning, flood, earthquake, cyclone, hurricane, cyclone, typhoon, storm, tempest, inundation, hailstorm, landslide, and rockslides, among others will be covered.
Damage Due to Manmade Calamities: It offers coverage against various man-made disasters, such as riots, inland waterways, terrorist activity, malicious acts, and any damages caused in transit by rail, lift, road, elevator, or air, among others.
Own Damage Cover: This cover protects the insured vehicle against any loss or damage caused by the means of natural calamities, man-made calamities, fire & explosion, or theft.
Personal Accident Coverage: This cover of Rs. 15 lakh is payable on death or temporary or permanent disabilities. You can also avail of optional personal accident cover for the co-passengers.
Theft or Burglary:Two-wheeler insurance company will provide the IDV to the owner in case the insured two-wheeler, bike or scooter is stolen.
Third-Party Liability : It provides cover against any legal loss of money that may occur due to injuries to a third party which may have even led to his demise. Likewise, it also protects against any damage caused to any third-party property.
Fire & Explosion: It covers losses or damage caused due to self-ignition, fire, or an explosion.
What is Not Covered in Comprehensive Bike Insurance?
Below is the list of exclusions under a comprehensive two-wheeler insurance policy:
Loss from mechanical/electrical breakdowns.
Any damage to the tyres and tubes in the normal course of running.
Damage caused due to normal wear and tear of the vehicle.
Any loss occurred while the bike was being used beyond the scope of coverage.
Any consequential loss from regular use.
Any damage caused due to the driver who is driving under the influence of drugs or alcohol.
Any loss incurred due to war or mutiny or nuclear risk.
Damages that take place when the bike is driven without a valid driving license.
Benefits of Comprehensive Two-Wheeler Insurance
Here is a list of key features and benefits of having a comprehensive bike plan:
Own Damage Cover
Complete protection against damage to your own motorbike.
Covers damages against third party and property due to their death, disability and property destruction from an accident.
Personal Accident Cover
Rs. 15 lakh cover in case of death or disability due to an accident.
Zero depreciation, No Claim Bonus Protection, Engine Cover, Return to Invoice, etc.
No claim bonus is applicable only if no claims are made within a policy term. This rider option allows you to recollect your NCB and get a discount at the time of premium renewal. You can avail of an NCB of up to 50%.
Why Should Buy Comprehensive Two Wheeler Insurance Policy Online
You may feel that buying comprehensive two wheeler insurance would take so much of your time and effort, and you keep delaying this one day after the other. Well, it just takes 5 minutes. Yes, you read it right. 5 minutes and that’s it! Worry not, you wouldn’t have to pay a single penny extra for buying comprehensive two wheeler insurance online . At the same cost, you will be able to compare, buy and renew your insurance.
Comprehensive two wheeler insurance protects the policyholders from incurring financial losses when faced with undesired events and risks.
Along with Third-Party Liability Only Insurance, motorbike owners can also buy a Comprehensive Two Wheeler Insurance Policy - both of which are available on Coverfox.
you can purchase the best comprehensive two wheeler insurance online, which fit your needs without any documentation or inspection of your bike.
You will receive your policy directly into your inbox within just a few minutes.
The premium payment done toward buying your new two wheeler insurance policies is fully secured.
We at Coverfox also ensure 100% claims assistance in the case an unfortunate event occurs.
You can avail of Cashless claim facilities throughout all the network garages of the insurer spread across the country.
Why wait anymore? Buy bike insurance online in India