Honda Dio Insurance

When purchasing two-wheeler insurance it is best to purchase online. Purchasing online gives customers the option to check and compare the quotes offered by the two-wheeler insurance companies. Moreover, you can also check their network garages, their claim settlement ratio and their terms and conditions etc. There is no single policy that is the best when looking for the right insurance. Simply ensure that the insurance policy you select is within your budget and fulfils your requirements. Make sure you understand the basics of two-wheeler insurance, it will make sure your decision is an informed one.

The insurance holder will pay for your damaged windshield only if you have an own damage cover. The own-damage cover takes care of your two-wheeler in case of a mishap in several different possible scenarios including vandalism, theft, fires, road accidents and damage caused by natural or manmade calamities. However, keep in mind that if the damage was caused due to some form of illegal driving or misuse of the two-wheeler the insurance company will reject your claim.

Yes, every two-wheeler in India must have at least third party insurance according to the Motor Vehicles Act of 1988. This includes all second-hand two-wheelers including your Honda Dio. Since third party insurance is mandatory, if caught without it you can be punished. This includes a fine of Rs 2000 and/or imprisonment for up to 3 months.

The premium amount charged for your Honda Dio insurance is determined by several factors. However, the most significant determinant is the Insured Declared Value of the two-wheeler. The IDV of your Honda Dio takes into account the age of the two-wheeler and the corresponding depreciation rate. It is also the maximum compensation the insurance company offers its customers in the event of a mishap. Thus, the older your two-wheeler the lower the IDV and this means lower premiums and claim amounts.

To file a claim for your Honda Dio follow the below-mentioned steps:

Step 1: Contact the insurance provider and inform them about the accident as soon as you can. Also, ask about the documents you will need to provide for filing the claim.

Step 2: If the mishap with your Honda Dio was a road accident, theft or case of vandalism make sure to file an FIR at your nearest police station.

Step 3: Collect all the documents required for the claim process and submit them to your insurance provider along with the claim form duly filled.

Step 4: If the Honda Dio needs to be repaired the insurance company will first send a surveyor to assess the damage. Next, the claim will go through a verification process.

Step 5: If the claim is approved you can then take your two-wheeler to the nearest network garage and get the repairs done in a cashless manner.

Insurance companies offer the No Claim Bonus to two-wheeler insurance holders for every claim-free year but only if they have an own damage cover. This can be purchased either as a standalone own damage cover or a comprehensive two-wheeler insurance plan. The reward is given to the insurance holder for their safe driving habits. It is cumulative in nature and reaches its maximum in the 5th consecutive claim-free year.

The Zero Depreciation Cover is an add-on that can be purchased with standalone own damage covers and comprehensive insurance plans for two-wheelers. They are offered to two-wheelers that are less than five years old and can only be used a limited number of times within a year. The cover mitigates the depreciation rate of the two-wheeler at the time of claim settlement ensuring that the insurance claim amount is significantly higher.

You can now renew your Honda Dio’s insurance online within just a few minutes. Follow these steps to renew your Honda Dio’s Two-Wheeler Insurance on InsuranceDekho:

Step 1: Go to our website, select the ‘two-wheeler insurance’ tab from the home page. The drop-down menu will appear, select the ‘renewal’ option from it.

Step 2: Enter your Honda Dio’s registration number in the provided section. If you do not have this, you can also enter other information such as its make, model and year of registration. Next, you must enter the Honda Dio’s fuel type and variant.

Step 3: Provide the details of your previous two-wheeler insurance including the expiry date, insurance provider and claim details if any. Also, enter the personal details asked for. Once you have entered all the information required for the renewal click on the ‘Submit and Get Quotes’ button.

Step 4: The quotes for insurance policies for your Honda Dio will be visible on the screen. Simply select the two-wheeler insurance policy that is best suited to your needs, Also select any add-on covers you would like to purchase at this point.

Step 5: Make the payment for your selected Honda Dio two-wheeler insurance policy and the insurance document will be sent to your registered email ID.

The IDV of your Honda Dio is calculated by deducting the depreciation rate of the two-wheeler from the invoice price. However, the simplest way to calculate it is to use the two-wheeler insurance premium calculator on the InsuranceDekho website.