Two Wheeler Insurance in Mangalore

The “Ice Cream” capital of India, Mangalore, is the only city in Karnataka with all 4 modes of transport (air, water, road, railways). Mangalore is also a trade centre and a major coastal part in the state, making it a very busy city. With a population over 7 lakhs, and a continuous increase in the number of vehicles on the road, a bike owner must have a good bike insurance plan in order to safeguard his wallet. The uncertain and strong monsoons definitely add to the risk and having a two-wheeler coverage plan for your bike is a must. Let us understand how a two wheeler insurance policy plays a vital role in Mangalore and where you can get the best, easiest and hassle free quotes for insurance.

Riding a two-wheeler on the streets of Mangalore is a task in itself. Especially due to heavy rains, dodging potholes while maintaining balance and not getting into an accident is a difficult challenge that a rider faces. Similarly cases of thefts, heavy traffic, especially during peak hours are a few problems that a two-wheeler rider has to face daily. You know what can protect you from these difficult yet unavoidable situations? A good bike insurance plan! Let us see the challenges faced by two-wheelers in Mangalore and how insurance policy can help you out with them:

Traffic Congestion

Mangalore is the hub for traders as it is a major coastal port in the state. Riding during peak hours at Hampankatta, Kankanady Junction, Pumpwell Circle and other traffic congested areas gives bikers a huge headache. Also, with increasing traffic there is always a risk of accident or mishap. An insurance policy makes sure you do not suffer at least financially during an accident.

Theft Risk

With little to no parking spaces, bikes are often parked, unguarded in congested areas, and thieves eye for such vehicles. Areas like Hampankatta & State Bank Area have spiked up two-wheeler thefts over the recent years. A well covered insurance policy makes sure you get some value of your motorcycle back in case of a theft (IDV).

Monsoon and Flood Risk

Mangalore is blessed with heavy rainfall every year during monsoons. Although a blessing, many times these heavy pours create havoc in the city. Waterlogging and potholes are a constant threat to riders in Mangalore creating accident risks and damage to their bikes. Having an add-on during monsoons like Engine Protection Cover makes repair cost a lot less heavy.

RTO Rules and Regulations

A third-party motor insurance is mandatory as per the Motor Vehicle Act 1988. Similarly, in the city of Mangalore, not carrying insurance while riding can lead to fines (₹2000-₹4000). So, make sure you have a valid insurance policy before going on the public roads.

Network Garages

It is advisable to have easily accessible garages (Ones that are near to you or are at your daily route) that are covered by your insurer. This makes cashless claims easy, and fast, smooth repairs whenever needed.

Claim Process

Worrying about the claim process after a mishap or an accident should be the last thing on your mind. Make sure your insurer has a hassle free claim process and provide excellent support service like Coverfox.

Insurance policies are of 3 types, and a mix of the 3 are called hybrid policies, but among them, having a third-party insurance plan is mandatory. Here are the types of insurance in Mangalore along with their inclusions and exclusions:

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 Mangalore 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.

Get the best quotes from insurers across Mangalore through Coverfox, and buy insurance online by following these steps:

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 Two Wheeler Insurance Policy in Mangalore:

• 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)

The claim process in Mangalore is simple, easy and fast. Just make sure you 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 Two Wheeler Insurance Claim in Mangalore

• 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.

Mangalore receives heavy rainfall, and has a heavy traffic of vehicles. These challenges make it difficult to ride with 100% safety on the road. But, an insurance policy makes sure your financial burden is lightened. A good coverage plan makes sure you do not suffer at the time of need, at least not financially. You can compare up to 20+ insurers through Coverfox and get the best quotes possible. Get insured today, and ride safe!