EDELWEISS COMPREHENSIVE BIKE INSURANCE

Edelweiss Comprehensive Bike Insurance policy-

The Edelweiss General Insurance Company was founded in 2017 and is based in Mumbai, India. Edelweiss Group owns Edelweiss General Insurance Company. Customers' insurance needs are met by the organization in a wide range of ways.

What is meant by Edelweiss  Comprehensivebikeinsurance?

Policy which combinable covers policyholder from third party liability as well as own damage events called as comprehensive bike policy. A comprehensive bike policy offers a wide variety of add-ons coverage with offer multiple choices for selecting the policy.

Key benefits of buying Edelweiss comprehensive bike insurance policy?

1. A 50% claim incentive for not claiming policies in past years.

2. Theft or loss of vehicle gets covered under the policy.

3. Third-party responsibility is also covered in the event of an accident.

4. Damages to the insured or their property are covered.

Coverages in Edelweiss comprehensive bike insurance Policy-

Third-Party Liabilities — The insurance company provides financial and legal aid for damage or loss suffered by a third party as a result of an accident involving the insured's motorcycle.

The plan provides compensation for bodily harm, disability, and wrongful death of a third person, with the amount determined by a court of law.

It also compensates for property damage caused by third parties up to Rs. 1 lakh.

Theft of the insured's bike - The policy covers the policyholder's loss if his or her covered bike is stolen.

Natural Calamities Damages - The insurance coverage covers damages to the insured bicycle caused by floods, storms, earthquakes, or other natural disasters.

How to purchase Third party bike insurance from Edelweiss?

Step 1. Go to the online website of https://quickinsure.co.in/

Step 2. Click on bike insurance

Step 3. Enter your REGISTRATION no. According to your RC

Step 4. You will find a quotation for bike insurance from Edelweiss insurance and other insurers.

Step 5. You can select the quotation of Edelweiss and fill out the proposal form.

Step 6. Pay the premium amount and get your policy on your email.

Exclusions in EdelweissComprehensive bike insurance policy.

-Accident caused by drinking or the effect of alcohol.

-If the insured's bike driver's license is not valid.

-If the bike was not operated by someone who could be identified or described.

-Accident as a result of a contractual agreement or unlawful stunts.

-In the event of an accident that occurs outside of the defined geographical area.

What is IDV?

Insured Declared Value is the full form of IDV. IDV is the present market value of your vehicle. The depreciation factor reduces the IDV of the bike every year.

Calculation:-

= Manufacturers listed selling price-Depreciation

FAQs

1. What is NCB In comprehensive bike insurance?

The term No Claim Bonus refers to a bonus that is not claimed. If a two-wheeler policyholder has not filed a claim in the previous policy year, he or she is entitled to this benefit.

2. What is a comprehensive deductible?

A comprehensive deductible is an amount you must pay out-of-pocket when submitting a comprehensive insurance claim.

3. What does TP mean in insurance?

A policy that covers liability arising from a third party called TP insurance.

4. How do I claim a comprehensive Bike insurance policy?

1. Policy no.
2. Depreciation
3. Timing and date of the accident
4. Contact details

5. What is Endorsement in Edelweiss insurance?

Endorsement is useful when you wanted to delete, add, change and exclude coverage offered by the existing policy.