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  • Disclaimers

What is Two-wheeler Insurance?

Two-wheeler insurance is a contract between a vehicle owner and an insurance provider that provides financial protection against losses due to unforeseen events like accidents and natural disasters. In India, it is mandatory to have third-party insurance for all two-wheelers. This insurance covers any liability to third-party persons or property damage in case of an accident. Additionally, a comprehensive two-wheeler insurance policy also covers own damage to the vehicle, theft, and other perils such as fire, natural calamities, and personal accident cover. Some insurers offer standalone own-damage (OD) policies, which cover only damages to the insured vehicle. It is important to carefully consider the coverage and compare plans online to find a policy that meets your needs and fits within your budget. Bima Leap offers comparison quotes from 20+ insurance companies at affordable premiums and maximum discounts. With Bima Leap, you can buy a two-wheeler insurance policy online within 2 minutes.

What’s Covered in Bima Leap Insurance

Accidents

Accidents can have a significant impact on individuals and their surroundings, and that's why it's essential to have insurance coverage to protect against such unexpected events. Insurance policies can help cover the financial costs of medical treatment, vehicle repair or replacement, and liability claims that may arise due to the accident.

Theft

Theft insurance is a type of insurance that provides coverage against losses or damages caused by the theft or unlawful taking of property. In the context of vehicle insurance, theft insurance provides coverage against losses or damages caused by the theft of the insured vehicle.

Fire

Fire insurance provides protection against any damage caused by fire, explosion or self-ignition of the insured two-wheeler. This coverage is usually included in a comprehensive two-wheeler insurance policy or can be purchased as an add-on cover.

Natural Disasters

Two-wheeler insurance typically provides coverage for damages caused by natural disasters such as cyclones, floods, earthquakes, storms, etc. This is usually covered under the comprehensive insurance policy, which includes protection against damages due to natural calamities.

Third Party Losses

Two-wheeler insurance coverage protects you from the legal and financial consequences of any accident or catastrophe. In case you are involved in an accident that causes injury or damage to a third party, you may face legal liabilities and expenses. With a comprehensive two-wheeler insurance policy, the insurance provider will cover the costs and legal difficulties arising out of such events, subject to the terms and conditions of the policy. This can provide you with peace of mind and protect you from unforeseen financial burdens.

Add-on Covers with Bima Leap Two-wheeler Insurance

Zero Depreciation Cover

Zero Depreciation is an add-on cover that can be availed with a comprehensive two-wheeler insurance policy. It is also known as Nil Depreciation or Bumper-to-Bumper cover. This add-on cover helps policyholders to claim the full cost of the replaced parts of their two-wheeler without factoring in the depreciation. Generally, the value of a two-wheeler depreciates over time, and in case of a claim, the insurance company deducts the depreciation value from the claim amount. However, with Zero Depreciation cover, the policyholder can recover the entire cost of the replaced parts without any deduction for depreciation. This is why it is critical in claim settlements and is a popular choice among two-wheeler owners.

Consumable Cover

Consumables such as engine oil, nuts and bolts, grease, washers, and other similar items are not typically covered by a standard comprehensive two-wheeler insurance policy. However, with the consumable cover add-on, the cost of these items during accident repairs will be covered by the insurance provider.

More Bike Insurance Features

Key Features Benefits Offered
Third Party Damages Covers both third-party death, injuries & property damages
Own Damage Cover Available under standalone & comprehensive plan
Personal Accident Cover Up to Rs. 15 lakh
Discount Up to 85% on online purchase
No Claim Bonus Up to 50%
Add-On Covers More than 10 add-ons depending on the plan
Bike Insurance Premium Starting @ ₹2094/year*
Buying/Renewal Process Online & Offline
Cashless Repairs Available

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