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What Is Covered Under Bike Insurance?

Bike insurance has two sections and the coverage under each section is mentioned below:-

Third party section: This section covers the bodily injury or death of third parties involved in an accident with the insured bike. In addition to this third-party property damage is also covered. Personal accident cover of up to Rs.15 Lacs is provided to the insured customer in case of death or disability due to an accident involving the insured vehicle.
Own damage section: This section covers the loss or damage to the bike due to an insured peril. Insured perils under bike insurance include Fire, Natural calamities, riots, strikes, and Malicious damage, accidental damages, etc. These perils are covered under the own damage section of the bike insurance policy. Any damages which are intentional in nature are not covered under the bike insurance policy. This section also includes the add-on covers which can increase the coverage available with the bike insurance policy.

Is Bike Insurance Good?

Yes, Bike insurance is one of the most important financial planning tools available in the market. Having bike insurance is made mandatory by law. If you are at fault in a bike accident, the motor liability coverage required on your bike insurance policy helps pay for covered losses, such as the other party’s medical bills and damage to their vehicle or property that results from the accident.

What is Personal Accident Cover in Bike Insurance?

Personal accident insurance in bikes is the least opted insurance in our country. This is due to the lack of awareness regarding the benefits offered by this product. This is also the cheapest insurance product available in the market with an exclusive range of coverage. Under personal accident insurance financial coverage is provided if the policyholder meets with death or disability.

What is PA Cover in Bike Insurance?

Personal accident cover in bike insurance is the least opted insurance in our country. This is due to the lack of awareness regarding the benefits offered by this product. This is also the cheapest insurance product available in the market with an exclusive range of coverage. Under personal accident insurance financial coverage is provided if the policyholder meets with death or disability.

Is Personal Accident Cover mandatory for Two Wheeler Insurance?

This is a compulsory coverage of INR 1 lakh provided by all two-wheeler insurance companies for the owner or driver in case of accidental deaths or permanent total disability due to an accident. The cover under the personal accident policy in two-wheeler insurance is provided to the Owner-driver at the same time driving the vehicle including mounting or dismounting from the vehicle or traveling in the insured vehicle as co-driver. You have a valid personal accident insurance policy of at least Rs.15 Lacs Sum insured.

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