Add-Ons With Standalone Own Damage Two-Wheeler Insurance

When you buy a two-wheeler, it’s natural to worry about unexpected repair and replacement expenses in case of accidents or damages. This is where Standalone Own Damage (OD) insurance comes into play. It provides coverage for your vehicle against unforeseen costs arising from various circumstances.

Standalone Own Damage insurance primarily offers financial protection if your two-wheeler sustains damage due to accidents, such as collisions with other vehicles or objects. If your bike is involved in an accident and requires repairs or replacement parts, the insurance will cover the expenses, saving you from a significant financial burden.

What Is Bike Own Damage Insurance?

Own Damage Bike Insurance is a type of bike insurance that provides financial security if your insured two-wheeler is damaged. For instance, the Own Damage Two-wheeler Insurance Plan will reimburse you for your losses if your two-wheeler is damaged due to flooding, natural disasters, vandalism, etc. As the mandatory Third-party Liability Policy does not cover your vehicle, such coverage is impossible. *

The Value Of Own Damage Bike Insurance

Purchasing OD insurance is optional, as opposed to third-party bike insurance, which is required. Combining the OD bike insurance with the Third-party Liability Policy ensures you will be financially secure if your two-wheeler is damaged. *

Standalone Own Damage Two-Wheel Insurance Add-Ons

Listed Below Are The Standalone Own Damage Insurance Add-Ons.

  • Personal Property Cover – Theft/Damage

In addition to being required, wearing a helmet while operating a two-wheeler is essential because it guards against head injuries. Protect your helmet from repair or replacement costs brought on by an accident, a natural disaster, riots, theft, or fire by purchasing the add-on.*

  • Zero Depreciation Cover

Your two-wheeler loses value over time due to normal wear and tear. However, Depreciation will not be considered when calculating the replacement cost of the motor parts when using the Bike Zero Depreciation add-on. *

  • Roadside Assistance Cover

It can be stressful to experience a breakdown on the road, like a flat tire. If you purchase this add-on, the technicians will replace or repair the flat tire to avoid unnecessary inconvenience. *

  • Key Protect Cover

The add-on will shield you from paying for the key’s repair or replacement if it is broken, stolen, or lost while attached to your two-wheeler. Receive payment for the lockset as well as any necessary repairs or replacements. *

  • Outstation Emergency Cover

The add-on will pay the amount specified in the cover if your two-wheeler breaks down outside the 100 km radius of your home.*

  • Bike Engine Protect Cover

The add-on will cover engine repair or replacement costs if your bike’s engine is damaged due to flooding, coolant or lubricating oil leaks, prolonged inactivity, or a hydrostatic lock.*

  • Consumables Cover

Consumables such as nuts, bolts, screws, engine oil, grease, lubricants, distilled water, and similar items will be covered under this add-on, but not fuel, during your bike’s repair.*

A two-wheeler insurance coverage calculator is a convenient tool you may use online to check the amount of coverage needed based on your requirements.

* Standard T&C Apply

##All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Leave a Reply

Back to top button