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Frequently asked questions about bike insurance of IFFCO TOKIO -
1. What are the benefits of IFFCO TOKIOs Two-Wheeler Insurance?
Add-on covers include Depreciation cover, Consumable cover, Passenger cover, and Roadside Assistance cover.
2) Is it necessary to have a bike insurance Inspection after the policy has expired?
No, it is not compulsory.
3) Is it better to have a third party or to have comprehensive insurance?
Third-party liability is covered by third-party bike insurance, whereas comprehensive coverage includes both third-party and own-damage coverage.
4)Is it true that a higher IDV is better?
Yes, having the highest IDV is usually preferable.
5)What is the disadvantage of having less IDV?
You are at larger risk if your IDV is less.
6)Why is my bikes IDV diminishing year after year?
Your vehicle's IDV decreases every year as a result of depreciation.
7)Can I customize my IDV to meet my specific needs?
Yes, depending on your needs, you can increase or decrease your IDV.
8)How does a greater IDV affect the premium amount?
Premium gets increased as the IDV increase.
9) Does my comprehensive motorcycle insurance cover engine repairs?
Yes, the vehicle's engine is covered by comprehensive bike insurance.
10) Does comprehensive motorcycle insurance cover passengers?
NO, comprehensive bike insurance does not include passenger coverage.
11)How much of a discount will NCB policyholders receive?
You will receive an NCB discount ranging from 20 percent to 50 percent.
12)Does a bike have to have zero depreciation?
Although zero depreciation is not required for bike insurance, it is highly recommended.
13)What are some synonyms for zero depreciation?
Zero depreciation was also referred to as nil depreciation or bumper to bumper coverage.
14)In the context of bike insurance, what is NCB?
A bonus that is not claimed is referred to as a No Claim Bonus. All insurers offer a discount on their own damage premium for claim-free years.
15)Who is the policyholder or insured?
A person who wants to insure himself for any unexpected event is called insured.