Zuno Third-party Two-Wheeler Insurance

As per the Vehicles Act of India of 1988, if you are a two-wheeler owner, you need to have a third-party liability only bike insurance policy otherwise you will be penalised according to the law. Zuno General Insurance has developed a third-party liability-only two-wheeler policy that helps the insured bike and the insured person stay protected in case of any accident involving a third party. It is to be remembered that it is just a basic two wheeler policy that does not provide other benefits of a comprehensive policy. To know more about Zuno’s Third-Party Two Wheeler Policy, have a look at the following mentions.

Major Benefits of Zuno Third-party Two-Wheeler Insurance Plan

The following are the benefits offered by this policy.

Liability To Third Parties:

The Company will indemnify the Insured in the event of an accident caused by, or arising out of the use of the bike against all sums which the Insured shall become legally liable to pay in respect of:

Death of or bodily injury to any person so far as it is necessary to meet the requirements of the Motor Vehicles Act.

Damage to property other than property belonging to the Insured or held in trust or in the custody or control of the Insured.

All Costs:

The Company will pay all costs and expenses incurred with its written consent.

Legal Protection:

The Company may at its own option

Arrange for representation at any Inquest or Fatal Inquiry in respect of any death which may be the subject of indemnity under this policy and

Undertake the defense of proceedings in any Court of Law in respect of any act or alleged offense causing or relating to any event which may be the subject of indemnity under this Policy.

Personal Accident Cover for the Owner-driver:

The Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle in direct connection with the vehicle insured or whilst mounting into/dismounting from or traveling in the insured vehicle as a co-driver, caused by violent accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in:

Nature of injury	Scale of Compensation
Death	100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye	100%
Loss of one limb or sight of one eye	50%
Permanent total disablement from injuries other than those named above	100%

What are the general exclusions of Third-Party Insurance offered by Zuno

Exclusions are the conditions for which an insurance company does not cover the damages. The general exclusions of third-party bike insurance policies offered by Zuno are as follows.

Natural Disasters:

Damages that occur due to natural or man-made disasters.

Invalid Driver’s License:

If the bike was being driven by a rider who is without a valid driver’s license.

Drunken Riding:

If the rider was riding under the influence of alcohol or any other kind of intoxication.

Outside Geographical Limitations:

When the policyholder was riding a bike outside India.

Consequential Damages:

Consequential losses are not covered under third-party insurance.

Expired Policy:

An expired or invalid policy will not fetch you any benefits.

Contractual Liabilities:

No contractual liabilities are covered.

Malicious Acts:

If the damage has occurred during any illegal act.

Against Usage Limitations:

Damages that are caused when the bike is used against its usage limitations, for instance, a privately owned bike cannot be used for a commercial purpose.

Frequently Asked Questions

1. What is the depreciation value of a bike insurance policy?

Over the years, the value of your bike steadily decreases due to normal wear and tear, and other factors. This is called the depreciation value of a two wheeler. The older the bike gets, the higher the value of depreciation.

2. If I raise a third party two wheeler insurance claim, will there be any physical visit to inspect the vehicle?

Yes, Zuno General Insurance will send a surveyor to check out the damage done by your bike after you have made a third-party claim.

3. How long will it take for my third-party bike insurance claim to be settled?

Once the company has all the documents in place, not very long at all. Ideally, they have everything done within just seven working days.

4. Can an add-on cover be bought under this policy?

No, add-on cover cannot be bought with a third-party liability-only policy.