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Things To Check In Your Bike Insurance Policy

Published On Dec 07, 2020 6:00 PM By InsuranceDekho

When receiving a bike insurance policy document, make sure to check some crucial components in it. Read this guide to find out what they are.

When you purchase insurance for your bike, you are receiving a promise from your insurance company to provide financial compensation for you in the event of an unfortunate occurrence, as per the terms outlined in your insurance policy document. The policy document is the legal proof of your insurance policy and as such is extremely important. It is in your interest to understand your policy well and to check that all the details in it are correct. Read on to find out about some of the important details in it that you should check when you receive the policy document.

What Should I Check in My Bike Insurance Policy Document?

The following are the things to check and look out for in your bike insurance policy.

1. Policy Number

This is extremely important as it identifies you and your vehicle in your bike insurance company’s database. Your policy number will be asked for as soon as you raise a claim.

2. Personal Details

Check the accuracy of your personal details such as your name and address. This is important as your insurance company may need to send on some important communication.

3. Details of your Vehicle

In addition to personal details, you should check the details of your bike such as the engine number, chassis number, and registration number.

4. Validity of the Policy

Check the time frame during which your policy is valid. This is important so that you are aware of when the policy is active and when you need to get it renewed.

5. Premium Amount

The premium that is charged by the insurance company will be mentioned in the policy document and it is important to make sure it matches the amount you have actually paid.

6. Coverage

Check the details of the extent of your coverage and its various components such as third party, own damage cover, personal accident cover.

7. Add Ons

If you have purchased any add ons with your policy, make sure that they are mentioned clearly and match the purchases that you have made. Make sure their terms, inclusions and exclusions are clearly laid out.

8. IDV of your Vehicle

IDV refers to Insurance Declared Value. This refers to the market value of your bike. Make sure to verify this value as future renewal premiums for your bike insurance will be dependent on its depreciation.

9. No Claim Bonus (NCB)

NCB refers to a discount that is offered if you do not raise any claim during the policy period. If your policy is being renewed, it would be applicable. Make sure it is clearly mentioned so that calculations for the future would be accurate.

10. Insurance Company’s Contact

The contact details of the insurance company are extremely important as you would need to contact them if there are any discrepancies in the details of the policy document as well as when raising a claim.


Thus when you receive a new policy document it is important to check these different components in it to ensure their accuracy. Make sure that all the details in your document are correct to avoid troubles in the future.

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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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