Honda Cd 110 Dream Insurance

There is no single two-wheeler insurance policy that is considered the best. If you are looking to purchase insurance for your Honda CD 110 Dream, then make sure to purchase online. It gives you the option to compare different two-wheeler insurance companies, the quotes they are offering, and their network of cashless garages. Thus, finding an insurance policy for your Honda CD 110 Dream that fits your requirements and price point is extremely simple and can be done from the convenience of your home.

If your Honda CD 110 Dream is damaged in a mishap causing the windshield to crack, then the insurance company will compensate for the damage but only if you have an own damage cover. You can purchase this for your Honda CD 110 Dream as a standalone own damage cover or a comprehensive insurance plan. However, if there was any type of misuse or illegal driving the insurance company can reject your claim.

Your Second-Hand Honda CD 110 Dream must have at least third party insurance. This type of insurance is mandatory for every two-wheeler including second-hand ones according to the Motor Vehicles Act of 1988. Those caught without insurance can be punished with a fine of Rs. 2000 and/or imprisoned for up to 3 months. Your third party insurance will cover the costs of bodily injury, death or property damage of the third party only.

There are several factors that affect the premium of your Honda CD 110 Dream insurance, however, the most important is the Insured Declared Value. The IDV of your bike determines the maximum compensation the insurance company will offer you in the event of a mishap. The IDV takes into account the age of your Honda CD 110 Dream and its corresponding depreciation rate. Hence, the older your Honda CD 110 Dream the lower the IDV, claim amount and premium.

To file a claim for your Honda CD 110 Dream follow these steps:

Step 1: Inform the insurance provider about the incident as soon as possible and confirm the list of documents you need to provide.

Step 2: If the mishap involving your Honda CD 110 Dream was a case of vandalism, theft or a road accident you must file an FIR at the nearest police station. The FIR will also be required for the claim procedure.

Step 3: Collect all the documents and the claim form and submit them to the insurance provider to initiate the claim process.

Step 4: If your Honda CD 110 Dream was damaged and needs repair the insurance company will send a surveyor to assess the damage. After this, your claim will go through a verification process.

Step 5: Once the claim is approved, you can take your Honda CD 110 Dream to the garage and get the required repairs done. If you choose a network garage the cost of the repair will be handled by the insurance company directly in a cashless manner making it a trouble-free experience for you.

If you purchase an own damage cover for your Honda CD 110 Dream you will receive No Claim Bonus for every claim-free year. This reward is given for the safe driving habits of the customer and is cumulative, which means that it becomes higher with every consecutive claim-free year. Moreover, the reward goes up to 50% in the fifth year, however, it is disabled whenever you file for a claim.

The zero depreciation cover is an add-on you can purchase for your Honda CD 110 Dream along with a standalone own damage cover or comprehensive insurance plan. The zero depreciation cover will mitigate the depreciation of your two-wheeler at the time of claim settlement, this makes the claim amount significantly improve the claim amount you receive. However, keep in mind that you can only purchase this cover if your Honda CD 110 Dream is less than five years old and it can be used a limited number of times in a year.

To renew your Honda CD 110 Dream’s insurance on InsuranceDekho follow these steps:

Step 1: Visit InsuranceDekho’s website, select the two-wheeler insurance tab and then the renewal tab from its drop-down menu.

Step 2: Enter your Honda CD 110 Dream’s registration number or its model, make and year of registration. Next, provide the fuel type and variant of your bike.

Step 3: Provide your personal details along with information about your previous two-wheeler insurance including the expiry date, name of the insurance provider and claim details if any. Once the information has been entered click the ‘Submit and Get Quotes’ button.

Step 4: All the quotes for your Honda CD 110 Dream will be visible on the screen. Select the one that is best suited to your needs and budget. Also, select any add-on covers you would like to purchase along with the insurance at this stage.

Step 5: Make the payment for your Honda CD 110 Dream two-wheeler insurance and the insurance document will be sent to your registered email ID.

You can calculate the Honda CD 110 Dream’s IDV by using the premium calculator on the InsuranceDekho’s website.