Everything You Need To Know About Bike Insurance In India

Updated Mar 20, 2021

Have you ever wanted a handy guide of all the main points about bike insurance? Let’s read all about it.

Are you looking to purchase bike insurance and don’t know where to start? The process is easy and accessible. You may want to acquaint yourself with all the different terminologies related to insurance to get a better understanding of it. You may also want to know about what kind of coverages you can get under bike insurance.

Here is some information about bike insurance which will surely help you in your journey to find which insurance plan is right for you.

1. Types Of Insurance

The following are the different types of insurance coverages that you should know:

Third-Party Insurance: Third-Party Bike Insurance will cover any damages that come to a third party who has been in an accident or collision with you. It is mandatory by law.
Standalone Own Damage Cover: Standalone Own Damage bike Insurance will provide coverage for damage that comes to your own vehicle and will cover for accidents that do not involve a third party. It is not mandatory by law but is strongly recommended.
Comprehensive Insurance: Comprehensive bike insurance is simply a combination of the above mentioned types of insurance and provides you with considerably strong coverage.

2. Add Ons

Along with types of insurance coverage, you may wonder what an add on cover is. Add ons are additional coverages which allow you to strengthen your coverage if you have a comprehensive insurance policy or a standalone own damage insurance policy. They will cover you in situations such as damage to your engine, or your accessories, that may not be covered by your standard insurance policy. They will allow you to tailor your insurance policy to your needs and preferences and enable you to have a policy that covers you in all scenarios that you require. For example, an engine protection cover would be useful for you if you live in a flood prone area.

Conclusion

There is a lot more to know when it comes to buying insurance for your two wheeler. These are some of the main points which will provide a good starting point for you when it comes to reading about bike insurance in India.