What is Bike Insurance?

A bike insurance policy is coverage for your bike. It provides financial protection for your bike-related contingencies. It is technically a two-wheeler policy. Compare different 2-wheeler insurance online before availing of an insurance policy. Motor Vehicles Act, 1988 mandates third-party coverage for two-wheeler insurance. You may even opt for a comprehensive plan for coverage against damages. The revised Motor Insurance Act 2019 includes what affects you as an owner in terms of traffic rules, road safety, license grants, and vehicle permits.

What does your Bike Insurance Policy Cover?

If you own a bike, you must hold two-wheeler insurance. Compare different types of policy to avail of the best one. The various kinds of Bike Insurance policies are:

• The third-party liability only plan
• Comprehensive package plan
• Long-term two-wheeler insurance plan
• Long-term third-party liability plan
• Standalone Own Damage Plan
• Bundle Insurance Plan

You will benefit if you know what a bike insurance policy can cover. You can cover the following contingencies from your 2-wheeler insurance online:

• A bike insurance policy provides financial protection against theft of the vehicle.
• Two-wheeler insurance policy covers legal third party liabilities in cases such as:
  • Body injury
  • An accident involving another bike
  • Individual property damage
• The bike insurance policy covers damages because of natural calamities such as landslides, floods, storms, cyclones, hurricanes, typhoons, lightning, etc.
• A two-wheeler insurance policy covers damages due to human-induced calamities such as fire, implosion, explosion, strikes, riots, etc.
• The bike insurance policy covers damages caused due to water, road, or air transit.
• A Two-wheeler insurance plan provides coverage against personal accidents in case of disablement or death while riding a two-wheeler.

What does your Bike Insurance Policy not cover? 

You must know what factors are not covered by a two-wheeler policy. Compare across different 2-wheeler policies online to find out what is not covered in a bike insurance policy. Your bike insurance policy does not cover the following:

• The wear and tear expenses
• Mechanical or electrical breakdown
• Two-wheeler depreciation due to continuous usage
• Loss sustained due to usage of the bike
• Damages suffered while not holding a license
• Loss or damages suffered and sustained while driving under the influence of alcohol or drugs
• Loss or damages while driving out of the geographical boundaries
• Any loss or damage due to mutiny, war, or nuclear attacks

Why do you need a bike insurance policy?

If you own a bike, you need two-wheeler insurance. Compare the benefits across different 2 wheeler insurance online. A bike insurance policy offers the following benefits:

• Your Two-wheeler insurance plan covers unforeseen contingencies during bike accidents or emergencies.
• Your Bike insurance policy provides financial protection that compensates bike-related losses.
• Your Two-Wheeler insurance policy applies to all types of bikes hence, provides coverage to any type.
• Your Bike insurance plan fulfills the mandate of third-party coverage.
• Your Bike insurance policy premiums are affordable and may come with enhanced add-ons

Different policies offer different benefits and add-ons in two-wheeler insurance. Compare various 2-wheeler insurance online to select the most suitable bike insurance policy for your bike.