Honda Sp 125cc Insurance

Honda Sp 125 has already managed to attain sizable popularity amongst Indian buyers with its refined and high-performing fuel injected 125 cc engine. The bike has a fuel-efficient engine and is available in over five attractive colors.

The Government of India has made it mandatory for every bike owner to have an two wheeler insurance policy.

Not buying Honda Sp 125cc Insurance can cost you a penalty up to Rs. 2,000 or imprisonment up to 3 months. Earlier, this fine applicable was Rs. 1,000/- and/or imprisonment of up to 3 months.

By Following the easy steps given below, you can buy or renew Honda Sp Insurance online on Coverfox.com.

• Visit official website of coverfox.com
• Click on bike
• Enter your bike number and policy expiry date
• If you are not sure of bike number, enter the bike name, bike registration RTO and previous policy expiry date
• In case if you have bought a new bike, click on bought a new bike and enter bike model and variant
• Click on view quotes
• Check on premium, coverage and other details
• Enter bike owner details like name, email address, nominee name, date of birth, etc
• Enter communication address and vehicle details
• Make the payment and get policy instantly

With Coverfox, you can choose Honda Sp 125cc insurance at an affordable price.

Honda CRF1100L Africa Twin scooter can be insured online with the below types of bike policies

Third party bike insurance

As the name suggests, third party insurance provides coverage against damages caused to third party or property. This type of insurance is mandatory as per the Motor Vehicles Act, 1988. The premium for this type of policy is determined by the IRDA.

Comprehensive bike insurance

A comprehensive insurance cover provides coverage in case of damages caused to your own vehicle as well as to a third party. This is an ideal plan for all vehicle owners as it provides 360 degree protection. The premium for this type of insurance is decided based on the add-ons and the coverage opted for.

• Zero depreciation:No depreciation is deducted at the time of claim
• No claim bonus protection: NCB benefit is retained even in case you make a claim
• Engine protection: Cost incurred towards replacement or repair of engine are covered
• Passenger cover: In case of death or disability, coverage is provided for co-passengers
• Return to invoice: Full amount mentioned in vehicle’s invoice is given in case of theft or complete damage
• Roadside assistance cover: In case of vehicle breakdown or emergency, assistance is provided. Also includes taxi support, fuel support, etc.

Third party two wheeler insurance claim for Honda Sp 125cc?

Step 1: In case if the vehicle owner causes third party damage then the police as well as the insurer should be informed. In case if the vehicle owner is the victim, insurance details of the third party which has caused damage to the vehicle has to be taken down and information about the damages has to be passed on to their insurer.

Step 2: the insurance company then transfers the matter to the motor insurance tribunal who decides the compensation amount.

Own-damage two wheeler insurance claim for Honda Sp 125cc?

Step 1: In case of damages caused to the two-wheeler, the vehicle owner has to inform the insurance company and the nearest police station.

Step 2: A surveyor is appointed by the insurance company to examine the extent of damage. The surveyor prepares a report and sends the same to the garage.

Step 3: The insurer then pays for the damages subtracting the deductible amount.

Two-wheeler insurance claim in case of theft of Honda Sp 125cc?

Step 1: In case if the bike owner’s bike is stolen then the police and insurer both need to be informed immediately.

Step 2: Required documents like PUC certificate, license, and registration certificate have to be submitted. The insurer may also ask for original keys of the bike.

Step 3: Non-traceable certificate is issued by the police if the bike is not traceable. The claim is then settled as per the policy terms and conditions.