Two Wheeler Insurance in Lucknow

Lucknow, the City of Tehzeeb (Etiquettes), is growing daily. With growing opportunities in the city of Nawabs, the population is increasing day by day and along with it, the hustle on the road is also increasing. Lucknowis prefer bikes and scooters to commute around the daily traffic of the city, or just for casual riding.

Rising traffic, uncertain weather conditions and potholes pose a major risk to two-wheelers in the city, causing problems for the riders. Well, bike insurance comes right to the rescue; protecting your finances from accidents, thefts and third-party damages. Also, the Motor Vehicle Act 1988 makes it mandatory to have a third-party bike insurance to ride on Indian roads.

While riding in Lucknow is a daily thing for many commuters, there are ample number of challenges faced by them. From traffic congestion in Aminabad to theft risks in areas like Kapoorthala, getting a coverage plan that covers all your needs is essential. While choosing an insurer, consider the risks and challenges that is faced by riders in Lucknow:

Traffic Congestion and Accident Risk

Areas like Aminabad, Charbagh, and Hazratganj are infamous for traffic congestion. While a bike is optimum to cruise through traffic, it also increases the risk of accidents and mishaps happening. Having a personal accident cover and third party insurance will help you safeguard your bike from these mishaps.

Bad road conditions

Potholes, uneven roads, metro constructions are just the tip of the iceberg. In Lucknow, especially the outskirts, the road conditions increase the risk of skids and damage to your bike. A two-wheeler insurance is optimum to make sure your repair costs don’t take a toll on your wallet.

Monsoon and flood risks

The uncertain weather in Lucknow surely makes a bike ride chaotic. Constant waterlogging and potholes during monsoons increase the risk of accidents especially for two-wheelers. Also, rain can do significant damage to your bike’s engine. Having an engine protection cover as an add on sounds like a smart decision.

High theft risk

Areas like Charbagh Railway Station and Kapoorthala have seen a large number of unsecured parked two-wheelers. This has increased the risk of theft significantly, and bike theft reports are increasing as well. An insurance policy will cover your bike with at least IDV in case of a theft.

Network garages

One must consider the network garages around their travels or where they live. Network garages have tie ups with insurers and provide cashless and smooth transactions. Opt for insurers that have a large network of garages or one with easy accessibility to you.

RTO rules and regulations

As per the Motor Vehicle Act 1988, a third-party bike insurance is mandatory to ride on public roads. Also, the Lucknow RTO has become stricter over the past years. If a rider is found riding a bike with no insurance, a heft ₹2000 fine can be levied if caught. (₹4000 on subsequent offences).

Claim process

Worrying about the claim process should be the last thing on your mind when in times of need. Having a simple and fast claim process along with excellent support like Coverfox will make your life a lot easier during times of need.

Comparing prices

While there are a lot of options for insurance for your bike, consider comparing prices for each insurer through Coverfox. Select the best insurer that provides coverage for your bike through Coverfox today.

There are 3 types of insurance available in Lucknow, out of which a third-party insurance policy is mandatory to ride on the public roads. Here are the types of insurance in Lucknow along with what is covered and what is not covered:

1. Third-Party Two-Wheeler Insurance

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 Lucknow can lead to hefty fines.

Inclusions:

• Only third-party damage is covered. (vehicle and Individual)

Exclusions:

• Own vehicle damage
• Personal injuries
• Drunk or illegal riding

2. Comprehensive Two-Wheeler Insurance

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:

• Third-Party damage cover
• Own bike damage cover
• Protection against theft
• Protection against natural/man made calamities
• Protection as per add-ons (Zero depreciation, engine protection, accessories protections, etc.)

Exclusions:

• Normal wear and tear
• Riding illegally or under influence
• Unapproved bike modifications
• War effects
• Mechanical or electrical breakdowns

3. Standalone Own-Damage Insurance

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:

• Own bike accident damages
• Natural calamities
• Man-Made hazards
• Theft
• Fire

Exclusions:

• Third party liability
• Damages that have been caused to the bike consequently and not during an accident
• Drunk riding or illegal riding

Coverfox is the easiest way to buy and get quotes for bike insurance online in Lucknow. You can do this at the comfort of your home by:

1. Head over to the Coverfox website
2. Enter your bike’s registration number in the field given
3. Click on the button “Bought a new bike?” in order to purchase a new insurance policy
4. Fill in the RTO registry details
5. Click on “Get Quotes”
6. You will be redirected to a page where you will be presented with different quotes from reputable insurance companies
7. Select the policy that best fits your needs
8. Pay online through the secured payment gateway
9. Your policy will be e-mailed to you on your registered address.

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:

1. Head over to Coverfox website
2. Enter your registration number
3. Enter your previous policy details
4. Click on "Get Quotes"
5. Select the new policy that fits your needs
6. Pay online through the secured payment gateway.

If your old policy is from Covefox then:

1. Head over to Coverfox website
2. Click on Renew here
3. Enter your mobile number to login or use your old policy number
4. Select the new policy that fits your need
5. Pay online through the secured payment gateway.

Your policy will be renewed after the payment and verification of documents.

Documents Required to Buy/Renew Insurance Policy in Lucknow:

• Proof of purchase of the two wheeler (In case of new vehicle)
• Registration Certificate (RC)
• ID proof
• Address proof
• Driving Licence (DL)
• Previous Insurance policy (Incase of Renewals)

In order to have a hassle free claim process, follow these steps:

1. Contact your insurance company at the earliest and inform them about the incident
2. Lodge an FIR if required (In case of theft or severe accidents)
3. Evaluate the damage done through a garage (preferably an authorized garage by your insurance company)
4. Pay the service centre and apply for reimbursement
5. After filling in the necessary forms, submit the required documents
6. After proper verification, you will be reimbursed for the claim amount decided
7. Coverfox also offers excellent customer support if required.

Documents Required for Filing a Bike Insurance Claim in Lucknow

• Duly signed claim form
• Copy of valid vehicle Registration Certificate (R.C.)
• Copy of valid Driving Licence (D.L.)
• Copy of first two pages of policy document
• FIR for accidental damage
• Original repair bill, cash receipt, and proof of release.

Having insurance is mandatory and advised to safeguard yourself from unseen financial distress. But, a non-structured insurance policy can become expensive really quickly. To avoid that, follow these simple tips to reduce your premium costs:

• Maintain NCBs (No claim bonuses), and renew insurance policies on time
• Select for longer term insurance plans
• Maintain a good driving record
• Compare different insurers online
• Have proper safety gears installed
• Select high voluntary deductibles
• Bundle Policies (Third party and Standalone Own Damage insurance)
• Select only add-ons that you need.

Whether you're riding through Hazratganj or cruising through Gomti Nagar, make sure your ride is protected. Bike insurance is essential to protect yourself from financial burden during the time of need. Get quotes for insurance from Coverfox today, and ride safely.