A two wheeler is apt for modern day mobility as it is swift and suitable. It is also important to be secure; as riding it is very risky at times and mishaps could occur any time. |
Key Benefits of Bike Insurance Policy
An accident or mishap can cause total or inequitable damage to the insured vehicle. At such an instance, the insurance for bike can protect against expenses. If a two wheeler is stolen or damaged due to fire, a complete coverage is provided by Bike Insurance Policy.
Sometimes a third party liability has to borne due to an accident which causes damage to other vehicle or injury to others. Insurance for Bike offers third party liability cover to the insured. Personal accident protection is provided to the policy holder in case death or permanent disability as result of an accident.
Bike Insurance Policy offers add on protection to the passenger of the insured vehicle if it has been purchased along with the standard policy. It provides reparation to passenger in case of death or permanent disability arising due to an accident.
Bike insurance also provides no claim bonus at the time of renewal to the policy holder for not claiming any damages for previous year. It is an admiration given for careful driving over the year to the policy holder.
Cashless Garage Network This is a unique and useful benefit provided by Bike Insurance Policy which allows the insured to get his vehicle repaired across the country based on the network tie ups the insurance company have with the garages. A list of a garage is provided by the insurance company or may be available online where the insured can locate the garage of his convenience and get his vehicle repaired at no extra cost.
Omissions of a Bike Insurance Policy Insurance for Bike does not cover damages due to normal wear and tear to the insured vehicle, mechanical breakdown, depreciation to the vehicle, etc. Damage to the insured vehicle has occurred outside the geographical area is not accepted under the policy.
The insurance company rejects coverage if the damages are caused while driving under the influence of alcohol or any intoxicating drug. If it is found an unauthorised person was driving the vehicle at the time of accident, the policy does not provide any benefits to the policy holder.
How to claim for Bike Insurance?
The insured has to inform the insurance company immediately when the accident has occurred and provide appropriate documents and proof to support his claim for coverage. The policy holder has to furnish valid driving licence, copy of police report and receipts for repair and maintenance. The Insurance company has all rights to reject claims if found the documents and bills for claims are not accurate.
Bike Insurance Policy provides complete protection to owner-driver, passenger and also covers third party.
Kirti Saxena is a web enthusiast and a writer for different areas including insurance and banking and numerous other sectors. For more information visit: Critical Illness Insurance and Insurance Claim Process.
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