It has become crucial for bike owners to buy bike insurance coverage, regardless of the distance. Comprehensive two-wheeler insurance covers protection against harm done to third-party people or property, even if third-party insurance is required by law. No matter how well-prepared you are or how skilled a rider you are, it is still necessary to insure your bike with comprehensive two-wheeler insurance.
What Does Two-Wheeler Insurance’s Own Damage Cover Entail?
Own damage coverage for bike insurance provides third-party coverage while protecting your bike from damage. In addition, OD cover offers coverage in the event of theft, accidents, man-made disasters, natural disasters, etc. If the bike is lost or damaged, this insurance will make up for it and give you the necessary cash support. *
Why Is Own Damage Insurance Necessary Before A Road Trip?
In the event that a two-wheeler is damaged in an accident, an own damaged two-wheeler plan will provide coverage for repairs or part replacement. Own damage cover provides coverage for both third-party damages and damages to your bike, whilst third-party insurance only pays in the event of damages you may cause to a third-party person or property. *
A select few insurance providers also provide a cashless claims support service, allowing you to file a claim for your own damage coverage without paying any money to the garage. In case of a total loss of the vehicle, or if the cost of vehicle repair is 75% greater than the IDV, compensation up to the IDV value is granted. *
Get more security with a bike insurance add-on.
Accidents can occur at any time, and your car might break down anywhere, even in the middle of the road. In these situations, having roadside assistance insurance is advantageous since it provides prompt assistance in the event of a vehicle breakdown in the middle of the road. Roadside help is an add-on that may be purchased for an additional fee.
If the keys to your car are stolen, you could still benefit greatly from a key protection add-on cover. In case your car breaks down in the middle of the road and you have to stay the night in a hotel, the emergency hotel lodging add-on will offer protection. Zero dep insurance for bikes can also be considered for full coverage. *
Own Damage Insurance Coverage Exclusions *
The exclusions of own damage insurance coverage are listed below:
- Driving without a licence in good standing
- Driving while intoxicated or using drugs
- Vehicle failure due to mechanical or electrical issues
- Coverage not covered under the terms and conditions of the insurance
The greatest decision to make before embarking on a lengthy bike journey is to buy bike insurance coverage. However, you can choose to purchase other bike insurance add-ons to strengthen the coverage of your personal damage policy if you want more protection.
Additionally, make sure you do the bike policy renewal on time.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.