SBI Own Damage Bike Insurance

Driving a bike or a scooter comes with certain risks and this can be a source of anxiety for you and your family members. You can negate some of the risks of the road by purchasing insurance for your two-wheeler. It will give you and your two-wheeler a layer of protection by giving compensation for the cost of damages in the event of a mishap of some sort. Moreover, if you purchase an own-damage cover it will take care of own-damage costs for many possible circumstances including the damage caused due to a road accident, case of vandalism, theft, natural or manmade calamity or fires. If purchased alongside the compulsory third party insurance the plan is sure to provide all-round protection for the insurance holder in times of crisis. Additionally, you can also purchase add-on covers which will further enhance your standard policy’s coverage.

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

What is Covered Under an SBI Standalone Own-Damage Policy?

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

• Accidents that occur on the road and damage the two-wheeler.
• If the two-wheeler catches on fire or there is an explosion of some sort.
• If there is a case of total loss or a stolen two-wheeler cannot be traced.
• Natural or manmade disasters that damage the two-wheeler.

What is Not Covered Under an SBI Standalone Own-Damage Policy?

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

• Some form of mechanical or electrical failure that causes the two-wheeler to break down.
• Illegal driving or misuse of the two-wheeler that leads to an unfortunate event.
• Depreciation, i.e., the lowering value of the two-wheeler due to natural wear and tear.
• An unfortunate incident that occurs outside India.

Following are the benefits of purchasing an Oriental Two-Wheeler Insurance Policy:

• It will take care of your own damage costs in the event of a mishap in many different circumstances.
• As a reward for safe driving the insurance provider will give you no Claim Bonus for every claim-free year.
• You can purchase add-on covers that can further strengthen the coverage of your existing insurance policy.

How To Purchase an SBI Standalone Own-Damage Policy?

Following are the steps you need to take to purchase an SBI Two-Wheeler Insurance Policy:

Step 1: Go to the InsuranceDekho website and then select the two-wheeler insurance option.

Step 2: Next you need to enter your two-wheeler’s registration number. If you do not have the registration number of the two-wheeler, however, you can enter its make, model and registration year instead.

Step 3: After this provide your personal details, i.e., your name and contact number in the given section. Once done select the ‘Submit and Get Quotes’ button.

Step 4: The quotes will be visible on your screen. All you need to do is select the one offered by SBI General Insurance and also select any add-on covers you would like to purchase with it.

Step 5: Once you pay for your SBI two-wheeler insurance policy and the policy document will be sent to your registered email ID.