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Things Included and Excluded in Bike Insurance

Written by Sumit Arora
Updated On Nov 19, 20212 min read

The purchase of bike insurance is the responsibility of all bike owners. As a result, you must understand what is covered and what is not covered by bike insurance.

All bike owners are responsible for purchasing bike insurance. It assures that your prized two-wheeler is protected against damage caused by accidents, man-made or natural disasters.  No matter how cautious you are, there will always be uncertainties. This is why it's crucial to understand your bike insurance's contents and restrictions. This is a blunder. You won't be able to file a claim if you don't know what your bike insurance policy covers or doesn't cover. As a result, it's critical to understand your bike insurance policy's coverage and restrictions.

Inclusions and Exclusions for Bike Insurance

While you may be aware that a bike insurance policy is required by Indian traffic rules, many of you are unaware of the policy's coverages and benefits. Many of you get bike insurance online just to meet legal requirements, disregarding the coverage provided. Third-party liability policies and comprehensive plans are the two forms of bike insurance available. The sort of coverage you receive is determined by the plan you choose. Only third-party liabilities are covered by third-party policies. This implies that if you harm or kill someone else, or cause damage to someone else's property, the plan will cover your financial obligations. Comprehensive insurance, on the other hand, covers both third-party responsibility and damages to your bike in the event of an accident. As a result, they have a broader range of coverage.

Things Included and Excluded in Bike Insurance

What Are the Inclusions of A Comprehensive Bike Insurance Policy?

The following scenarios would be covered by a comprehensive insurance policy:

1. Third-Party Liability: Any losses sustained by a third party engaged in an accident with your vehicle are covered by third-party two-wheeler insurance. It would cover legal responsibilities for bodily injury as well as the costs of damage repair.

2. Own-Damages: Damage to the owner/driver of the vehicle or the car itself is referred to as "own damages." This covers a wide range of scenarios, including:

  • Comprehensive coverage would also protect you against losses caused by natural disasters like flooding or earthquakes.

  • You will be protected from any man-made catastrophes that cause damage to your car in addition to natural calamities. This might include things like stealing or other nasty behaviours.
  • Riots, strikes, and fires are all covered by a comprehensive insurance policy.
  • This packaged policy also includes coverage for bike theft.

What is Excluded from Comprehensive Bike Insurance Policy?

Exclusions might range from one insurance provider to the next. It's crucial to read your policy to understand what's covered and what's not. Here are some examples of scenarios when you might be ineligible to sue for damages:

  • Driving without a legal driver's license is a serious offence.
  • Outside of India's borders, there has been a lot of damage.
  • If the driver of the two-wheeler is under the influence of drugs or alcohol,
  • War-related or mutiny-related damage
  • Damage caused by normal wear and tear, as well as breakdown or mechanical failure as a result of age
  • Tubes and tires are not destroyed unless they are damaged in an accident.

Take Away

It's critical, then, to understand the intricacies of the coverage available via your insurance policy, as well as which scenarios are covered and which are not. This is crucial information to have since it will influence when you will be able to make a successful claim for damages on your two-wheeler. These differ from one insurance provider to the next, so study your policy copy carefully to learn about your coverage's contents and limitations.

Also Read:

5 Bikes/Scooters expected to launch in 2021 in India

Is Two-Wheeler Insurance Compulsory For Electric Scooters? 

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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Written by Sumit Arora
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 Sumit is an insurance industry veteran with more than 20 years in the industry. Sumit is a frequent columnist and speaker at major insurer conventions and is a heard name in insurance circles In his free time, Sumit likes to spend time with his family and go on trips

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