Bike Insurance in Kashmere Gate

What are the types of Bike Insurance?

There are mainly two types of bike insurance:

1. Third-party Bike Insurance: This is the minimum legal requirement in most countries. It covers damages and injuries caused to a third party or their property in case of an accident involving your bike. It does not cover damages to your own bike.

2. Comprehensive Bike Insurance: This provides a broader coverage compared to third-party insurance. It covers damages to your own bike in addition to third-party coverage. It also includes coverage for theft, fire, natural disasters, and personal accident cover.

Apart from these two main types, there are also additional coverage options available, such as:

• Personal accident cover for pillion rider: This provides coverage for injuries or death of the pillion rider in an accident.
• Zero depreciation cover: This covers the depreciation cost of bike parts during a claim.
• Roadside assistance: This provides assistance for bike breakdowns, tire changes, towing, fuel delivery, etc.
• Accessories cover: This covers the cost of additional bike accessories that are not covered under the standard policy.
• NCB retention: No Claim Bonus (NCB) is a discount given on the premium for each claim-free year. This add-on allows you to retain the NCB even after filing a claim.

It is important to check with your insurance provider or consult an insurance agent to know the specific types of bike insurance coverage available in your region.

Known about Features of Bike Insurance.

Bike insurance typically includes a wide range of features and coverage options. Here are some common features:

1. Third-party liability cover: This is the basic coverage required by law. It covers any damage or injury caused to a third party or their property in an accident involving your bike.

2. Own damage cover: This covers the cost of repairing or replacing your bike in case of damage due to accidents, theft, fire, vandalism, or natural disasters like storms or floods.

3. Personal accident cover: This provides financial compensation in case of death or disability caused by an accident while riding the insured bike. It may also cover medical expenses for injuries sustained in the accident.

4. No Claim Bonus (NCB): Insurers offer NCB as a reward for not making any claims during the policy period. It is a discount on the renewal premium and can accumulate over time.

5. Additional accessories cover: This optional add-on covers the cost of repairing or replacing accessories like helmets, gloves, jackets, and other customized parts attached to the bike.

6. Roadside assistance: Most insurance policies offer 24/7 roadside assistance in case of breakdowns or emergencies. This may include services like towing, battery jump-start, fuel delivery, and flat tire assistance.

7. Zero depreciation cover: This add-on cover pays the full cost of repairing or replacing damaged parts without considering depreciation. It is especially useful for new bikes or expensive spare parts.

8. Cashless claim settlement: Many insurers have tie-ups with authorized garages, where they provide cashless repairs. You just need to pay the deductible, and the insurer settles the rest directly with the network garage.

9. Coverage for pillion riders: Some policies offer coverage for injuries or disabilities sustained by pillion riders in accidents involving your bike.

It's important to note that the coverage and features may vary between different insurance providers and policies. Therefore, it's recommended to carefully read the policy documents and understand the terms and conditions before purchasing bike insurance.