Cholamandalam MS Own Damage Bike Insurance

Being on the road comes with certain uncertainties, these are further aggravated when one rides a two-wheeler regularly. Hence, your safety can be a source of constant worry for your near and dear ones. With insurance, you can have a layer of protection in times of crisis. The two-wheeler insurance will provide compensation in the event of a mishap and thereby provide the policyholder with financial stability in times of crisis. Moreover, a standalone own-damage cover will take care of you in several scenarios including cases of theft, total damage, fires, explosions, natural or manmade calamities. If you purchase it alongside your compulsory third party insurance it is sure to give you holistic coverage and peace of mind.

Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance

What is Covered Under a Cholamandalam MS Standalone Own-Damage Policy?

Following are the aspects that are covered under a Cholamandalam standalone own-damage two-wheeler insurance policy:

• If there is an accident that damages the two-wheeler.
• If there is a fire or an explosion that damages the two-wheeler.
• If the two-wheeler is stolen or is damaged beyond repair.
• If the two-wheeler is damaged by a natural or man-made calamity.

What is Not Covered Under a Cholamandalam MS Standalone Own-Damage Policy?

Following are the aspects that are not covered under a Cholamandalam standalone own-damage two-wheeler insurance policy:

• Breakdowns of the two-wheeler caused by mechanical or electrical failures.
• Illegal driving that causes damage to the two-wheeler.
• Depreciation of the two-wheeler.
• Mishaps that occur outside the mentioned geographical boundaries of the country.

Following are the benefits of purchasing a Cholamandalam Two-Wheeler Insurance Policy:

• It provides protection to both the two-wheeler and the insurance holder in case of a mishap. Moreover, the compensation is offered in several possible scenarios.
• The insurance provider gives a reward, i.e., the No Claim Bonus for every claim-free year.
• Many add-on covers are available to be purchased alongside the insurance policy.

How To Purchase a Cholamandalam MS Standalone Own-Damage Policy?

Following are the steps you need to take to purchase a Cholamandalam Two-Wheeler Insurance Policy:

Step 1: Visit the InsuranceDekho website and select the two-wheeler insurance tab from the top left corner of the page.

Step 2: Next enter your two-wheeler’s registration number. In case you do not have the registration number there is an option to enter other details such as the make, model and year of registration of your two-wheeler.

Step 3: Enter your personal details, i.e., phone number and name. Select the ‘Submit and Get Quotes’ tab once you have filled in the required information.

Step 4: The quotes for two-wheeler insurance policies in your category will be visible on the screen. Select the one offered by Cholamandalam and any add-ons you would like to purchase with it.

Step 5: Lastly, pay for your Cholamandalam two-wheeler insurance policy and the policy document will be sent to your registered email ID.