Welcome to SkyFire Insurance Broking LLP!
Welcome to SkyFire Insurance Broking LLP!
Two wheeler insurance is a type of insurance policy, taken to cover against any damages that may occur to you and your motorbike or 2 wheeler due to an accident, theft, or natural disaster. Two wheeler insurance protects against third party liabilities arising from injuries to one or more individuals. Bike insurance is an ideal solution to meet financial costs and losses that may arise due to the damages caused to the motorcycle. The bike insurance cover protects all types of two-wheelers like a motorbike, moped, scooty, scooter.
Bike insurance can be described as a contract between the insurer and the policyholder in which insurance company provides financial coverage to your bike against any loss or damages due to an accident. As per the Motor Vehicle Act 1988, third party bike/two wheeler insurance is mandatory in India. Bike insurance protects you from any accidental injuries caused while driving a two wheeler/ motorbike on Indian roads. Buying or renewing two wheeler insurance online can save your time and and also gives you the option to compare bike insurance from various insurance providers.
Below are the mentioned are important facts which you can consider before buying two wheeler insurance online and avail certain additional benefits:
You can buy two wheeler insurance online at Skyfire Insurance quickly as it offers instant and free quotes within seconds.
You will not be required to pay any extra charges.
You can buy or renew the policy without much documentation work.
Skyfire Insurance team helps you while filing a claim for your vehicle.
Our team is always happy to help you. You do not need to worry about anything if you get stuck anywhere anytime.
There are two types bike insurance policy offered by insurance companies in India. Below are the details:
As the name says, a third party bike insurance that protects the rider against all the legal obligations that arise out of causing damage to the third party. Here, a third party can be property or person. Third-party bike insurance safeguards you against any liabilities that you’ve landed upon yourself for causing accidental damages to someone else’s property or vehicle. Also, it covers your liabilities towards causing accidental injuries to a third party person, including the person's death.
According to Indian Motor Vehicle Act, 1988 it is mandatory for anyone who owns a two wheeler, be it a motorcycle or scooter, to have valid third party bike insurance if plying on public roads in the country. Those who do not follow the rule will be liable to pay huge penalties.
Comprehensive bike insurance safeguards the rider against any own damage to his vehicle in addition to the third party legal liabilities. It covers your bike from incidents of fire, natural calamities, theft, accidents, man-made disasters, and related adversities. Also, it provides you with personal accident cover in case you suffer from any accidental injuries while riding your bike.
Anything can happen while riding a two wheeler / motorcycle, scooter, or moped bikes. The absence of good roads, the peak rush hours, and unregulated traffic problems are a part of life today. Moreover, occasional rainfall or heat waves may cause many problems on the road, such as slippery surfaces, mushy or muddy areas, or sticky tar. These conditions can cause damages to the two wheeler vehicle and even injure the riders. To stay safe from all such incidents, it is important to have a valid two wheeler insurance. The motor protection laws in India saves millions of bike owners from expenses that may arise due to third-party damages by making third party bike insurance cover mandatory.
Let’s look into various benefits of buying two wheeler insurance:
Two wheeler insurance gives you financial cover that helps save a lot of money in case of an accident, theft, or third-party liabilities. Even small damage can fetch thousands of rupees. This bike insurance policy helps you get the damages repaired without burning a hole in your pocket.
Not only does the insurance policy cover damages sustained by your vehicle in an accident but also covers any accidental injuries that you may have suffered.
It saves you against the damages caused to the scooter, motorcycle, or moped. Even the vehicles have been enhanced and are available with features like better mileage, power, and style.
The rising demand for motorcycles in India has led to the rise in its cost along with the increased spare parts cost. This two wheeler policy covers the cost of spare parts, including simple nuts and bolts or parts such as the gears or the brake pads, which have become expensive than before.
You can opt for roadside assistance during policy purchase, that will come to your aid in case you need assistance on the road. This includes services such as bike towing, minor repairs, flat tyre, etc.
Any damage to your vehicle can lead to huge repair charges. If you have two wheeler insurance, your insurer will take care of the unwanted expenses, giving you peace of mind so that you can ride without any worry.
Two wheeler insurance add-on covers refer to the additional cover that strengthens the coverage of your two wheeler policy on the payment of an extra amount of premium. The following are various add-on covers that you can opt for your motorcycle or scooter.
An insurer pays the claim amount after debiting the depreciation value of your bike. Zero depreciation cover stops any deduction on the account of depreciation at the time of claim settlement and the full amount will be paid to you.
No claim bonus (NCB) is applicable only when no claims are made within a policy term. NCB Protect permits you to retain your NCB and get a discount during renewals even if you make any claim during your policy tenure.
This cover enables you to take emergency roadside assistance from your insurer. Most insurers offer a range of services under this cover including tyre changes, on-site minor repairs, battery jump-start, towing charges, lost key assistance, replacement key, and fuel arrangement amongst others.
At the time of total loss, your insurer will pay the Insured Declared Value (IDV) of your two wheeler. Return to invoice cover binds the gap between the IDV and the invoice/ on-road price of your vehicle, including registration and taxes, allowing you to get the purchase value as the claim amount.
This cover empowers you to receive an allowance from your insurer to get your helmet repaired or replaced in case it was partially or totally damaged in an accident. In case of replacement, the new helmet must be of the same model and type
In such case, contact your insurer and they will issue a duplicate copy of the policy. You may have to pay a nominal charge to get the duplicate copy. If you have purchased online, then a soft copy of the policy is sent to the email address of the customer. Normally, policy documents are digitally signed and a coloured print out of the same works as a valid hard copy.
It a bonus received by the policyholder when he has not made any single claim in policy tenure is called two wheeler insurance no claim bonus (NCB).
Yes, you can get NCB on the expired insurance policy only if you renew it within 90 days of its expiry date.
Inspection of a two wheeler is mandatory only when you buy a policy offline. In case of online purchase, inspection is not required.
You need to visit the nearest police station to lodge an FIR against the lost or stolen vehicle. Also, you need to inform your insurer about the incident to file a claim, which requires you to submit certain documents with a copy of the FIR attached.