Gurgaon also known as Gurugram is the cyber city of Haryana. This growing metropolis has been an attractive hotspot for employment. With rising urbanisation, two-wheelers in Gurgaon face various challenges such as rising pollution levels, traffic congestion, poor road infrastructures, lack of dedicated lanes, etc. As per the data, there has been a total of 4,024 accidents between 2020-2024"leading to 1,854 deaths and 3,391 injuries.
You should buy bike insurance in Gurgaon for the following reasons:
Below are the types of two-wheeler insurance in Gurgaon:
It is the most basic form of insurance, and is mandatory under the Motor Vehicles Act of 1988. It covers financial liabilities arising from injuries to third-party individuals caused by your two-wheeler. This type of policy is typically the most affordable because it offers limited coverage.
This insurance focuses solely on covering damages caused to your two-wheeler, offering flexibility to those who already have third-party insurance. It includes protection against accidents, theft, fire, and natural or man-made disasters. The coverage is subject to change as per the intermediary and the insurer, thus it is advisable to read it before buying any policy.
Comprehensive insurance provides extensive coverage, ensuring all-around protection for both third-party liabilities and damages to your motorcycle. It includes the benefits of third-party bike insurance by covering damages or injuries to third parties. Additionally, it protects your motorcycle against accidents, theft, fire, natural calamities (floods, earthquakes), and man-made events (riots, vandalism).
You can buy two-wheeler insurance online with the help of the steps below:
Renewing the two-wheeler insurance policy is very quick and easy with Coverfox with the help of the following steps:
Filing a claim with Coverfox makes the process more seamless and hassle-free. You need to take the below actions to claim two-wheeler insurance in Gurgaon:
Delayed contact and communication between the claim applicant and the insurer might lead to repercussions thus it is advisable to contact the insurer at the earliest.
If your motorcycle has been stolen or it has been in an accident, it is necessary to file an FIR to speed up your claim process.
It is preferred that the garage that you choose is authorised by the insurer’s company.
Pay the service centre to initiate the claim process, fill out the relevant form and submit the required set of documents to ensure a quick intimation of the claim.
To reduce two-wheelers insurance premiums, you should consider the following factors:
Buying motorcycle insurance in Gurgaon is necessary to minimise the risk of potential accidents, theft, break-down or wear and tear. The exclusions of the policy should be noted and the add-on must be subscribed wisely.
A comprehensive policy serves better in the long run if your motorcycle is new. A Stand-alone bike insurance policy is preferable to cover personal damages to the motorcycle. Third-party insurance is mandatory as per law. Further, claims should be avoided for minor repairs so that you can use a No Claim Bonus.
The best bike insurance in Gurgaon depends on your budget, insurance period, IDV value and type of insurance.
If your claim is rejected, you can have an expert opinion in this case and re-submit the documents to the insurer after knowing the reason for rejection.
You can save on bike insurance premiums by choosing the policy that fits your budget, comparing various policies and negotiating the premium.
Cashless garages in Gurgaon enable you to get your two-wheeler repaired without any upfront payment, as the insurer directly settles the repair costs with the garage.
It is mandatory to have third-party insurance in Gurgaon.
