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The Ultimate Guide to Comprehensive Bike Insurance

Here are the benefits and exclusions of comprehensive bike insurance.

February 28, 2022 / 07:00 PM IST

‘Bike is not just a machine; it is an emotion!’ Every rider will vouch for this sentiment wholeheartedly. There is no better road companion for a two-wheeler rider than a bike. Finding that right companion is a true labor of love – research, trials, multiple conversations, saving money for many months, and then making it yours! Now that you have the bike of your dreams, don’t you want to safeguard the bike and your pocket with the right insurance that provides all-round protection? If you are nodding when reading this, then the Comprehensive Bike Insurance policy is the right one for you!

But what is comprehensive bike insurance? What does and doesn't it cover? Why is it an ideal insurance plan for your two-wheeler? Read on to find out all about Comprehensive Bike Insurance:

What is Comprehensive Two-Wheeler Insurance?

As the name suggests a Comprehensive Two-Wheeler Insurance is an all-encompassing insurance cover. Comprehensive Bike Insurance plans are a combination of Third-Party insurance (covers for losses and damages related to Third-Party Liabilities) and Own Damage (covered for damage caused to your vehicle) that insure you against third-party liability as well as damage or loss caused to your vehicle due to any possible accident or natural calamity. For example, in case your bike hits someone else’s car or your bike is damaged due to floods, then your comprehensive bike insurance will be there for you!

  • ● Covers bike damages - These are damages that may be caused to your bike due to accidents, fire, or other natural or man-made disasters

  • ● Protects you from third-party liabilities – Like Third-Party cover, Comprehensive bike insurance protects your bike from third-party liabilities and losses such as damages to vehicle/property and injuries or death of a third-party individual

  • ● Repair or replacement expenses you may incur due to an accident

  • ● Total loss/theft of your vehicle

  • ● Protection from damages caused during natural or man-made disasters

  • Natural calamities include: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost landslide, and rockslide.

  • ● Normal aging, wear and tear

  • ● Mechanical or electrical breakdown

  • ● Depreciation, which is the gradual reduction in the value of a vehicle over time

  • ● Damage to fiber and rubber parts (tubes and tyre) of the vehicle

  • ● Loss or damage caused due to a nuclear attack or war

Other exclusions for any type of two-wheeler insurance are:

  • ● An accident caused under the influence of alcohol, drugs, or any other intoxicating substance

  • ● An accident caused while riding your bike without a valid driving license

  • ● Loss or damage of your bike or damages to another vehicle due to an accident outside the geographical boundaries mentioned in the policy, which is typically India

  • ● Damages caused by negligence while riding

  • ● Loss or damage of your bike or damages to another vehicle due to an accident that is consequential. Consequential loss/damage here means damage that occurred because of the policyholder or third party’s action, be it intentional or by accident.