Did you know that a Comprehensive Bike Insurance Policy has EXCLUSIONS too?

 


You might be extremely confident of your control on the bike, but you can never be sure of how the other riders and drivers are on the road. In such cases, getting financial coverage for yourself and your bike is a must. This is why so many riders opt for comprehensive bike insurance policies, even though they are not mandatory like third party coverage.

A comprehensive bike insurance plan covers your bike from own damages as well as damages caused by manmade or natural disasters. You can also customise this plan by including various add-ons as well. However, there are certain things that a comprehensive bike insurance plan does not cover. It is also important for you to be aware of these things so that you are sure about the coverage of your plan.

So, let us take a look at the exclusions of a comprehensive bike insurance policy:

1.    Damages caused by the rider under the influence of alcohol/drugs  

Any rider driving under the influence of alcohol or drugs is going against the law and committing a punishable act. This is why the insurance company will not be paying for any kind of damage if the rider who is responsible for the accident was drunk or had consumed drugs. This means that if you have a comprehensive bike insurance policy and have got into an accident under the influence of alcohol, your insurance policy will not be covering you for the damage.

2.    Damages caused by the rider without a valid license

If the rider has been in an accident and does not have a proper valid driving license on them at the time of the accident, the insurance policy will not be covering the damages. Also, if you are a policyholder but have got into an accident while your friend was driving your bike, your insurance policy will not cover the damages.

3.    Mechanical components

A comprehensive two-wheeler insurance policy does cover any mechanical or electrical parts of your bike. This means that if you are in an accident because of your bike experiencing a mechanical failure, your comprehensive bike insurance plan is not going to be providing coverage.






Original Content :- Did you know that a Comprehensive Bike InsurancePolicy has EXCLUSIONS too?


Comments

Post a Comment

Popular posts from this blog

Here is what you need to know about a bike insurance policy

Image
  You finally go ahead and get the dream bike that you always wanted. That’s great! Now, the next step that you need to think about is getting it insured by a good insurance company. It is also important to know that the Indian government has mandated every bike owner to buy a bike insurance policy before driving their two-wheeler on Indian roads. This insurance policy will cover your bike and its riders against any unwanted consequences (based on the type of policy you opt). In this blog, we will tell you about the basic things you need to know about a two-wheeler insurance policy.   1.     Types and coverage of this insurance policy This insurance policy is usually of 2 types: a.        Third-party insurance This insurance policy is a basic policy that is mandatory as per Indian law. It offers limited coverage, that is, it covers your liability towards damages caused to the third party in case of an accident where you are at faul...
Read more

Here are 4 Exclusions of the Commercial Vehicle Insurance

Image
  There are various kinds of commercial vehicles that are utilized for various purposes. Trucks are utilised for the transportation of different types of goods and services. Buses and taxis are utilized for the transportation of people starting with one spot then onto the next. Vehicles like cranes, rollers, or cold storage vehicles are utilized for particular purposes. One thing which is undeniable, nonetheless, is that these vehicles cost a great deal and damage caused to these vehicles could hamper you monetarily and impact your business. Therefore you ought to get motor insurance for your commercial vehicles. The commercial vehicle insurance not only protects your vehicles, it also safeguards your business. However, there are exclusions in this insurance that you should be aware of. Listed below are 4 such exclusions of the commercial vehicle insurance: 1.       Vehicle associated with illegal activities Assuming the commercial vehicle that you o...
Read more