All you need to know about bike insurance

Is there anything more exciting than riding your trusted bike through the city roads? Not really. In fact, for most riders, their bike is a reflection of their personality. Which is why insuring your bike is the best way to show it some love. Having two-wheeler insurance saves you against the financial loss you might face if your bike was wrecked in an accident or worse, stolen. After all, no one needs that kind of negativity in their life.

There are two kinds of bike insurance

Comprehensive insurance – This covers damages to the third party, as well as your own bike. It is best for those wanting to cover for losses from incidents such as theft and natural disasters.

Third party liability insurance – It covers only the damages to a third party and their property. It’s best for those insuring their bikes only because it’s mandatory (but we wouldn’t recommend that!).

What is included in bike insurance?

Damages that might happen to your bike in an accident, Personal Accident Cover – if you (the owner-driver) are injured in a bike accident, the insurer compensates you. All the financial protection to your bike from natural calamities such as floods, earthquakes, etc. is also covered. In case your two-wheeler gets stolen, your insurer will pay an amount equal to your bike’s IDV. Coverage for damages caused during a man-made disaster. This includes riots; strikes, fire, and terrorism all of which are covered.

What is excluded in bike insurance?

Damages caused if you were caught riding under the influence of alcohol. Loss and damages that may be caused because of a war or nuclear strike, accident related damages caused while you were riding your bike for illegal activities. Damages caused or losses incurred to your bike while you were riding it without a license. Regular mechanical expenses due to consistent wear and tear are also not covered under bike insurance.

Bike insurance is simple fast and simple. Some websites even give you the opportunity to renew your bike insurance online instantly and all this even if your policy has expired.

There is a also a multi bike insurance. Do you know what it is?

A normal bike insurance are designed for one year and has to be renewed annually, on the other hand a multi bike insurance allows bikes to be insured up to three consecutive years at a time. The policy holders do not have to renew the insurance contract after every year. This is because they receive a policy certificate for maximum of three year cover.


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