Hyosung GT 300 R Insurance

Hyosung GT 300 R is a successor of GT250R powered with a 275 cc engine that is faster than GT250R. The bike is one of the most stylish sports bikes that comes at an affordable price tag and excellent features. In its segment, the bike competes with Kawasaki Ninja 300, KTM RC 390 and Yamaha R3. If you are looking to purchase the Hyosung GT 300 R then it is important that you don't miss out on purchasing Hyosung GT 300 R insurance as it protects the bike against third party and own damage liabilities. Buying Hyosung GT 300 R gives you peace of mind as the insurance company covers the legal and financial costs associated with the damages that you may cause to a third party or your own bike.

Hyosung GT 300 R insurance can be easily purchased or renewed online on Coverfox.com. With us, you can also get a discount up to 85% and free claims assistance

• 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

You can buy or renew Hyosung GT 300 R insurance with the below types of insurance

Third party insurance

• Damages caused to third party person, vehicle or property
• Hospitalization cost of third party
• Coverage for legal liabilities
• Coverage for death or injury caused to third party person
• This type of insurance is compulsory under the Motor Vehicles Act, 1988.

Comprehensive insurance

• Coverage for own damage expenses as well as damages caused to third party person, vehicle or property
• Damages caused due to natural or man-made calamities or theft of the vehicle
• You can further enhance coverage by opting for additional riders like zero depreciation, no claim bonus, passenger cover, etc.

You can enhance coverage of your Hyosung GT 300 R insurance by choosing the below add-ons by paying additional premium

• Zero depreciation: Get full claim amount without any deduction on depreciated vehicle parts
• No claim bonus protection: You can lodge predefined number of claims without losing the NCB benefit
• Engine protection: Get coverage for repair or replacement of the engine
• Passenger cover: Provides coverage to the person sitting behind you on the bike
• Return to invoice: In case of theft or total loss of vehicle, amount mentioned in the invoice value of the vehicle is given
• Roadside assistance cover: Round-the-clock assistance is provided in case of breakdown of the vehicle or in an emergency situation

Third party two wheeler insurance claim for Hyosung GT 300 R

1. Step 1: Insurer should be informed in case the vehicle owner causes damage to the third party or property. If the vehicle owner is the victim, the insurance details of the third party policy are to be noted down. The issue should be reported to the insurance company of the third party vehicle.
2. Step 2: The matter is then transferred to the Motor Insurance Tribunal who decides on the compensation amount to be granted to the third party.

Own-damage two wheeler insurance claim for Hyosung GT 300 R

1. Step 1: Inform the insurance company about the damages caused
2. Step 2: Inform the nearest police station and file FIR report
3. Step 3: Insurance company will appoint a surveyor to check on the extent of damages caused,
4. Step 4: The surveyor will prepare a report and share with the garage
5. Step 5: Post the garage work is done, the insurance company will directly settle the bill with the garage if the repair work is done at a network garage.
6. Step 6: Insurance company will compensate for the damages after subtracting the deductible amount

Two-wheeler insurance claim in case of theft of Hyosung GT 300 R

1. Step 1: In case if the bike owner’s bike is stolen then the police and insurer both need to be informed immediately.
2. 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.
3. 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.