Top Bike Insurance Policies for Electric Scooters
Electric bikes are rapidly emerging as the future of the two-wheeler automobile sector. With the growing concerns of global warming and the need to reduce
Two Wheeler Insurance
Two-wheeler insurance, also known as bike insurance, protects the policyholder from financial liability in case of damage sustained in an accident. A personal accident add-on also covers the owner-driver in the case of injury or death.
The policy is a binding agreement between the policyholder and the insurance company, which offers financial coverage in the event of an accident involving the insured two-wheeler.
Two-wheeler insurance is a great way to protect yourself from financial ruin in case your two-wheeler is stolen, involved in an accident, or sustains damage due to causes included in the policy. It’s also the best way to stay in compliance with the law of the land.
Getting your bike fixed after sustaining major damage in an accident can put a strain on your finances. But having a two-wheeler insurance policy can cushion that blow. Instead of stressing out on how to pay the mechanic to get your beloved bike up and running again, you can rest easy knowing that you bought your insurance policy for just such a rainy day.
Plus, riding an uninsured bike by itself can attract strict action from the cops. Indian law mandates that all vehicles plying on its roads be covered by insurance, at the very least a third-party liability cover.
Having a two-wheeler insurance policy does the following:
Having a two-wheeler insurance policy comes with a host of features and benefits.
Key Features | Benefits |
Different types of coverage | Third-party liability only; own-damage cover; comprehensive cover |
Personal accident cover | Personal accident cover of up to INR 15 lakh offered to the policyholder |
No-claim bonus | No-claim bonus between 20% and 50% for each term you go without filing a claim |
Discounts on premiums | Discounts are offered on premiums for certain conditions, such as having an anti-theft device installed on the vehicle |
Add-ons | Various add-ons offered for coverage enhancement like a zero-depreciation cover, roadside assistance, no-claim bonus protect, return to invoice, etc |
Network garages | Network garages of insurance providers offer a cashless facility |
Easy claims process | Claims experts are available to guide you through the entire claims process when the need arises |
Online purchase and renewal | Easy and quick purchase and renewal of two-wheeler policy online; coverage in effect immediately. |
Two-wheeler insurance providers offer three major types of insurance policies to two-wheeler owners.
A standard two-wheeler insurance covers the following:
Add-ons offer additional protection for your vehicle and can be a great way to avoid financial hassles in certain circumstances. Some of the standard add-ons offered by insurance companies are:
All two-wheeler policies come with a set of standard exclusions that are not covered.
Each person’s requirement, when it comes to buying a two-wheeler insurance policy, will vary according to their usage and needs. So, based on your needs and usage, here’s how to choose the best two-wheeler policy online.
With the world going digital, calculating two-wheeler premiums online has become super easy. With a few details of you and your two-wheeler, you can easily get a premium quote from insurance providers.
Premiums will vary from person to person and vehicle to vehicle are affected by a range of factors, including –
One of the best ways to get affordable quotes on your bike insurance premium is to compare policies online before purchasing.
Buy on Official Site
To purchase a two-wheeler insurance policy through the company’s official site:
Purchase Through Probus
To purchase a policy on the Probus website:
Renewing your two-wheeler insurance policy is of utmost importance. If found without a valid policy, you may be subjected to legal action under the Motor Vehicles Act of 1988.
The thought of filing a claim when the need arises can seem daunting, but the process is easy and simple. You can reach out to a claims expert who will guide you through the entire process.
To File a Claim
While filing a claim, you will need to submit the following documents.
Purchasing anything online does come with risks. You need to be on the lookout for fraudulent websites and individuals. With Probus, you can rest assured knowing that your policy needs are in trustworthy hands. What you can do to ensure a safe and secure process is –
The Indian motor Vehicles Act enforced in 1988 states that all motor vehicles plying on Indian roads must be insured with at least a third-party liability cover. So, if you’re using your scooter without an insurance policy, you will face legal action. It’s best to purchase an insurance policy for your scooter.
While purchasing an insurance policy for your bike, you can select as many add-ons as you want. But be aware that indiscriminate purchases of add-ons can drive up your premium amount. So, carefully choose the add-ons that are most relevant and useful to you.
You can renew an expired policy online. Simply furnish the details of your previous policy along with your details and contact information. Choose your term, type, and add-ons to get your premium quote. Pay online and get your renewed policy document in a heartbeat in your mailbox.
It’s best to not file a claim for an amount that is minimal and affordable. This gives you a chance to avail of a no-claim bonus during your policy renewal.
If the accident involves damage to third-party property or vehicle, injury to or death of a third-party person, malicious damage, partial or complete theft of your insured vehicle, you will need to file an FIR with the nearest police station that has jurisdiction over the area of the incident.
If the accident involves damage to third-party property or vehicle, injury to or death of a third-party person, malicious damage, partial or complete theft of your insured vehicle, you will need to file an FIR with the nearest police station that has jurisdiction over the area of the incident.
If your policy expired less than 90 days ago, it’s still possible to avail of the no-claim bonus while renewing.
While filing a claim with your two-wheeler insurance provider, you will need the following documents:
Most insurance providers offer a discount on the premium if the policyholder is a member of an accredited automotive association. The Automobile Association of Upper India is one of the associations whose members can avail of a discount on their two-wheeler insurance premium.
As per the Indian Motor Vehicles Act that was enforced in 1988, a third-party liability cover is mandatory for all vehicles plying on Indian roads. Driving without a policy is punishable under law. So, if your insurance has expired or you have just bought a new bike, make sure your insurance policy is in effect before you take your two-wheeler out for a spin.
Most insurance providers offer a discount on the premium if the policyholder is a member of an accredited automotive association. The Automobile Association of Upper India is one of the associations whose members can avail of a discount on their two-wheeler insurance premium.
Most insurance providers offer a discount on the premium if the policyholder is a member of an accredited automotive association. The Automobile Association of Upper India is one of the associations whose members can avail of a discount on their two-wheeler insurance premium.
Most insurance providers offer a discount on the premium if the policyholder is a member of an accredited automotive association. The Automobile Association of Upper India is one of the associations whose members can avail of a discount on their two-wheeler insurance premium.
Most insurance providers offer a discount on the premium if the policyholder is a member of an accredited automotive association. The Automobile Association of Upper India is one of the associations whose members can avail of a discount on their two-wheeler insurance premium.
Depending on the reason for the claim, you may need to file an FIR with the police. For instance, if your two-wheeler was stolen, you’d need to submit a no-trace certificate with your insurance provider. You’ll get this certificate once the police have finished their investigation and were unable to trace the two-wheeler.
Electric bikes are rapidly emerging as the future of the two-wheeler automobile sector. With the growing concerns of global warming and the need to reduce
Getting insurance coverage for your bike protects you from monetary losses brought on by third-party claims or damage to the vehicle itself. To ensure you
As per the Indian Motor Vehicles Act, 1988, it is mandatory for the owner of every vehicle, including a two-wheeler, to insure it against third-party
Two Wheeler Insurance