Brand new Bike
Most people who own a two-wheeler know that it is an important mode of transport in their lives. They also know that they have to exercise a great deal of caution when riding their two-wheeler on busy and congested roads in India, especially because of the risk of accidents. This is because two-wheelers are more prone to accidents than most other vehicles on the road. If you own a scooter or bike, you need to adequately protect yourself, your family, and your bike against the risk of expense associated with accidents. This means that it is important that you buy two-wheeler insurance.
In India, it is mandatory for you to have third-party liability insurance for you to drive your two-wheeler on the road. Moreover, it is not compulsory to buy any other type of two-wheeler insurance. However, it is highly recommended that you buy a comprehensive two-wheeler insurance policy that offers third-party liability coverage by default and provides protection against driving-related damages suffered by you. However, it is equally important for you to know the scenarios wherein your two-wheeler insurance will not provide any protection to you. Read on to know more as to what is not covered by your two-wheeler insurance.
Two-wheeler Insurance Exclusions
This is by no means an exhaustive list. Further, the list of exclusions often varies from one insurer to another. It is, therefore, very important that you read through the terms and conditions with a toothcomb when selecting your two-wheeler insurance policy.
Two-wheeler Insurance FAQs
Q1: What are the different types of scooter/bike insurance?
A1: There are two different types of scooter/bike insurance. They are third-party liability insurance and comprehensive insurance. It is mandatory to have third-party insurance for your two-wheeler if you want to ride it on Indian roads. Comprehensive insurance is not compulsory but highly recommended.
Q2: What does two-wheeler insurance cover?
A2: Your two-wheeler's comprehensive insurance policy covers:
Q3: What is bumper-to-bumper or zero depreciation cover?
A3: Bumper-to-bumper or zero depreciation cover is an add-on cover. This means that it is added to the comprehensive insurance. You also have to pay an additional premium. This add-on provides complete coverage to your vehicle, avoiding the adjustment of depreciation costs. For example, if your two-wheeler happens to be badly damaged, the insurance company will not deduct any depreciation charge when settling your claim.
Q4: My bike was stolen as I left the key on the bike my mistake? Can I file a claim under my two-wheeler insurance policy?
A4: No. You are not eligible for any claim in this case.