Own damage cover for your two-wheeler: What's in, what's out?

Getting third-party two-wheeler insurance in India is mandatory as soon as you purchase a scooter or a bike. However, you must also get your own damage cover as well, since covering your vehicle is crucial. If you already have a third-party plan you must look for your own damage insurance for your bike. Read on to know more.

What is included in your own damage plan?

Listed below are some of the most helpful features of such an insurance cover. This is why you need to buy and renew your own damage insurance for your bike on time:

1. Natural disasters

The coverage keeps your bike protected against natural disasters like earthquakes, floods and cyclones. If your bike gets damaged due to a natural disaster, the insurance provider compensates for the losses.

2. Man-made disasters

Some man-made disasters like riots can lead to your bike getting damaged. In such cases, you will get coverage under your own damaged bike policy.

3. Theft

If your two-wheeler is stolen, the insurance provider will offer the value of the bike to you, with which you can get a replacement vehicle.

4. Accidental damages

Road accidents are very common and often, your bike gets damaged in these mishaps. Get your own damage insurance cover and keep your bike protected against all accidental damages.

These are some of the most vital ways in which a standalone own damage proves to be beneficial.

What is not included in your own damage plan?

Now, let’s take a look at the exclusions of a standalone own damage:

1. Third-party covers

As the name suggests, this policy only extends coverage for damages sustained to your own vehicle. No third-party liabilities are covered in such a plan. However, you must already have a third-party bike insurance plan since it is mandatory, so you won't have to worry about this at all.

2. Mechanical/electrical breakdown

Any damages caused to the vehicle due to a mechanical or electric breakdown won't be covered under its own damage policy. You have to get the repair done on your own and bear the cost of it.

3. Accidents due to drunk driving

Unfortunately, drunk driving happens frequently and many road accidents take place subsequently. If your bike is damaged due to drunk driving, you will not be eligible to claim your own damage bike insurance plan.

4. Age-related depreciation

Finally, any age-related wear and tear of the bike will not be covered in the plan. Often, some parts of the bike begin to wear off due to age and usage. You will have to repair or replace those parts on your own.

Conclusion

As you can see, it is very important to have two-wheeler insurance with its own damage cover. Your vehicle is very precious to you and you should keep it safe and protected at all times. Getting a good own damage cover from Zurich Kotak General Insurance allows you to do so.

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