Standalone Bike Insurance
A Standalone bike insurance policy provides crucial protection for your two-wheeler, covering damages sustained due to accidents, fire, theft, natural calamities, man-made disasters, and more. This standalone own damage bike insurance policy is typically purchased alongside third-party bike insurance to enhance your coverage, ensuring that both your legal liabilities and your vehicle’s damages are taken care of.
Features of Standalone Bike Insurance
| Categories | Key Featues |
|---|---|
| Comprehensive Coverage | Protects your bike against accidents, theft, fire, natural disasters like floods, and man-made disasters such as riots or vandalism. |
| Affordable Premiums | Offers competitive and cost-effective rates for comprehensive protection, making it accessible. |
| No Claim Bonus (NCB) | Get valuable discounts during renewal if no claims were made in the previous policy term. |
| Add-on Options | Enhance your coverage with optional add-ons like zero depreciation, engine protection, roadside assistance, and personal accident cover. |
Why Do You Need Standalone Bike Insurance?
While third-party insurance is mandatory, having standalone OD insurance coverage ensures complete protection for your bike. It’s not legally required, but opting for it guarantees peace of mind by safeguarding your bike against unforeseen incidents. Moreover, you can customise the policy by choosing valuable add-ons based on your specific needs
Benefits of Standalone Bike Insurance
Financial Security
It provides coverage for the repair or replacement costs of the damaged parts of your bike, minimizing out-of-pocket expenses after an incident.Broader Coverage
Unlike third-party insurance, the standalone policy extends protection for your bike, covering a wide range of risks, and ensuring comprehensive protection.Customizable Add-ons
You can opt for additional coverage to ensure even more protection against potential issues.Claim Flexibility
In case of damages, the policy offers a hassle-free claim process. You can choose network garages for cashless claims or settle claims later.
Understanding Coverage and Exclusions in Standalone Bike Insurance
Covered Insurance
Accidental Damages
Covers any damage resulting from an accident, including collision, falling, and other unforeseen events.Natural Disasters
Protection from incidents caused by floods, earthquakes, storms, lightning, and other natural disasters.Man-Made Disasters
Protects against damages from theft, burglary, riots, vandalism, and similar events such as civil unrest or public disturbances.Total Loss
If the bike is beyond repair, the policy will pay for its market value based on the Insured Declared Value (IDV).
Not-Covered Insurance
Damage Due to Negligence
Accidents occurring while driving under the influence or while not following traffic rules may not be covered.Regular Wear and Tear
Damage resulting from the natural wear and tear of bike parts due to regular use, including brake pads and tires.Intentional Damage
Damages caused intentionally by the owner or during illegal activities, such as vandalism or purposeful destruction.Improper Modifications
Damage caused by unauthorised modifications or alterations to the bike may not be covered.
How to File a Claim for Standalone Bike Insurance
If you need to file a claim, follow these steps
Inform Your Insurer
Notify your insurer as soon as you experience any damage or accident.
Click Photos of Damage
Take clear photos of your bike’s damage to support your claim.
Inspection Process
The insurance company will send a surveyor to assess the damage.
Submit Claim
Submit the claim form and all required documents for processing your claim.
Compare Bike Insurance Policies
Compare Third-Party, Comprehensive, Own Damage, and Zero Depreciation bike insurance plans to find the best coverage for your bike.
| Coverage Aspect | THIRD-PARTY | COMPREHENSIVE | OWN DAMAGE | Zero Depreciation |
|---|---|---|---|---|
| Accidental Damage to Own Bike | ||||
| Fire Damage to Own Bike | ||||
| Natural Disaster Damage to Own Bike | ||||
| Damage to Third-Party Vehicle | ||||
| Damage to Third-Party Property | ||||
| Personal Accident Protection | ||||
| Injury or Death of Third Party | ||||
| Theft Protection for Own Bike | ||||
| Flexible Insured Declared Value (IDV) | ||||
| Additional Add-On Coverage |