Kotak Own Damage Bike Insurance

Standalone own-damage two-wheeler insurance offers coverage for own-damage costs in the event of a mishap. The insurance provider will compensate the cost to the policyholder in such a situation and thereby protect both the rider and his two-wheeler in times of crisis. Moreover, the own-damage cover for two-wheelers provides this compensation in several scenarios including natural calamities, theft, situations of total damage and road accidents. It is advisable to always purchase this type of cover along with compulsory third party insurance as it offers enhanced coverage.

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

What is Covered Under Kotak Standalone Own-Damage Two-Wheeler Insurance Policy?

Kotak standalone own-damage two-wheeler insurance offers coverage for the following aspects:

• Cases where road accidents cause damage to the two-wheeler.
• Cases where the two-wheeler is damaged due to a fire or some form of explosion.
• Cases of theft for the two-wheeler or cases where it is damaged beyond repair.
• Damages caused to the two-wheeler due to a natural or man-made calamity, eg. earthquake.

What is Not Covered Under Kotak Standalone Own-Damage Two-Wheeler Insurance Policy?

Kotak standalone own-damage two-wheeler insurance does not offer coverage for the following aspects:

• Mishaps that cause damage to the two-wheeler but occur outside India’s borders.
• Depreciation of the two-wheeler.
• Electrical or mechanical breakdown of the two-wheeler.
• The illegal riding of the two-wheeler or misuse of any kind.

Following are the benefits of the Kotak standalone own-damage two-wheeler insurance:

• A standalone own-damage two-wheeler insurance offers a variety of add-on covers to further strengthen the standard insurance policy.
• A standalone own-damage cover for two-wheelers also offers coverage in a variety of situations protecting both the two-wheeler and the insurance holder.
• For every claim-free year, the standalone own-damage cover offers policyholders NCB as a reward for good safe riding habits. Additionally, the insurance reward is cumulative in nature, reaching 50% in the fifth consecutive year.

How To Purchase Kotak Standalone Own-Damage Two-Wheeler Insurance Policy?

The following are the steps you need to take to purchase a Kotak Mahindra standalone own-damage two-wheeler insurance policy:

Step 1: Visit our website InsuranceDekho and select the two-wheeler insurance tab, it is the second option from the top left corner of the page. From the drop-down menu select ‘Standalone Own Damage option.

Step 2: Enter the two-wheeler’s registration number. If for some reason you do not have this information you can also enter the two-wheeler’s make, model and year of registration.

Step 3: Also enter your personal details,i.e. name and mobile number. Once all the required information has been entered select ‘Submit and Get Quotes’.

Step 4: All the quotes for standalone own-damage policies for two-wheelers will be visible on the screen. Select the offer by Kotak Mahindra and choose any add-ons you would like to purchase as well.

Step 5: Make the payment for your selected Kotak Mahindra standalone own-damage two-wheeler insurance policy and the policy document will be sent to your registered email ID.