- About Coverfox
A two wheeler insurance policy protects your bike or scooter against any damages caused due to road accidents, natural disaster, and theft or loss. A bike insurance policy covers damages to your two wheeler and legal liability towards third parties. With us, you can secure your bike at affordable rates. There are currently three kinds of bike insurance policies available.
It covers you from liabilities towards accidental injuries to a third-party person, including his death or chronic disability.
It's also known as Self-Damage. It protect your bike from all kinds of accidents and disasters.
It shields your vehicle from incidents of natural calamities, fire, theft, accidents, and man-made disasters.
Following are some of the key features of two-wheeler insurance plans:
|Own Damage Cover||Offers financial protection against damage incurred by your two-wheeler|
|Liability Cover||Covers financial obligation against third party and property due to their death, disability and property destruction from an accident|
|Personal Accident Cover||Rs. 15 lakh cover for you payable in case of death or disability due to an accident.|
|Add-Ons||Zero depreciation, No Claim Bonus Protection Cover, Engine Cover, Return to Invoice and more for added protection.|
Here is a comprehensive list of the best two-wheeler/bike insurance plans, the insurers, their respective Third party Cover and a number of Personal Accident Cover across India.
Disclaimer: (Source: IBAI’s General Insurance Claim Insights Handbook - 5th Edition.)
Here is a comparison of Comprehensive vs Third Party Cover Two Wheeler Insurance Plans:
|What is Covered?||Third-Party||Comprehensive|
Third-Party Vehicle Damage
Third-Party Property Damage
Personal Accident Covered
Own Vehicle Damage
No Claim Bonus
Damage from Natural Calamities
Zero Depreciation Cover
Disclaimer: The above mentioned prices are for a 2 year old Suzuki Burgman Street 125, registered in Navi Mumbai & previous policy has not expired.
Buying a two wheeler insurance policy online instantly on Coverfox is easy and simple, just follow the steps mentioned below:
Here is a list of exclusions under a two-wheeler insurance plan:
Now you can pay for two-wheeler insurance online. It is a simple, fast, hassle-free and convenient method. Here are the steps for the same:
Mentioned below are some important facts which you can consider before buying two-wheeler insurance online from Coverfox.com and also avail certain additional benefits:
We do not charge any extra amount!
With Coverfox, get a comprehensive online two-wheeler insurance coverage plan in 5 minutes.
The entire process of claim settlement is fast, convenient and hassle-free.
All of your KYC documents are digitally stored and secured. There is no need for physical inspection.
Call us on 1800 209 9930 and let us handle the rest.
Buy, compare and renew best bike cover plans online on Coverfox.
You can make a claim for your Two-wheeler, bike or scooter Insurance online. There are two ways of filing a claim for insurance online; 1) cashless claim and 2) reimbursement. Let’s discuss both the claim processes:
You need not pay a single rupee, the money is given to garage by the insurance company
You can pay the money first, incase of claim & later get it reimbursed by insurance company
Cashless Claim: You can make a cashless claim in case of repair undergoing at one of the network garages. In a cashless claim, the damages are directly covered by your bike insurance provider, and you have to pay nothing out of your pocket.
Reimbursement Claim: If your vehicle covered under the bike insurance policy gets repairs on a garage which is not in the list of your insurer’s approved network garages, then you can file a reimbursement claim for your policy. Under this, you'll need to pay for the repairs upfront and then submit a claim for reimbursement to your insurance company.
To ensure you get the most benefits out of your bike insurance policy, you must keep in mind the factors that affect your bike insurance premium. Below are some tips to save a considerable amount on your insurance premium:
When getting a two-wheeler insurance online, the best decision is to first compare bike insurance policies online. Keep a note of the coverage and other benefits offered by various bike insurance companies and choose the one that fits your budget and requirements. By comparing, you will be able to identify which policy offers maximum benefits at minimal premium, to compare and get best deals, visit our Bike Insurance Compare section
Claim Your No Claim Bonus (NCB):
Ensure claiming your No-Claim Bonus (NCB) discount on your bike insurance premium, whether you opt for a two-wheeler insurance renewal or a new bike insurance plan. In either case, for every year when you don't make a claim, an NCB can be availed, which can significantly reduce your bike insurance premium.
Install Safety Devices:
The more secure your vehicle is, the lesser it becomes a liability for your bike insurance provider. Ensure companies offer lower bike insurance premiums if your vehicle is well secured with anti-theft devices. Hence, installing safety and anti-theft devices approved by Automotive Research Association of India (ARAI) will reduce your premium amount.
Know Your Vehicles Age:
Because of depreciation, the market value or Insure Declared Value of your bike decreases as it gets older. As a result, as the age of your car increases, the premium you need to pay decreases.
Choose Suitable Add-on Covers:
Though add-ons can provide some important additional benefits, they tend to increase the amount of your bike insurance premium. You must choose only those add-ons which are crucial, provide benefits to you and fall in your budget.
Renew Your Insurance on Time:
When a car insurance policy is about to expire, the NCB benefit is only valid for 90 days from the policy's due date. To avoid a price increase in premium, make sure to renew your bike insurance as soon as possible.
Driving without valid two-wheeler insurance in India can land you in trouble with the law enforcement authorities. A third-party liability, only insurance policy is compulsory if you want to use your vehicle in India, as per the Indian Motor Vehicles Act, 1988. A two-wheeler insurance policy must mandatorily be carried by you while using your vehicle along with other necessary documents like Driving License, Registration Certificate (RC) of the Two-wheeler and Pollution Under Control Certificate (PUC).
It is quite natural that one can forget to carry or renew their two-wheeler insurance policy. But, did you know your negligence can cost you a fine of Rs. 2,000/- and a free jail trip for 3 months if you are a repeat offender.
So, always remember to carry your two-wheeler insurance and ensure that it is valid too. You can quickly check the policy status through these simple methods:
So, when you decide to drive your two-wheeler, ensure that you have an active two-wheeler insurance policy.
Here are the steps involved in the claim settlement process for cashless and reimbursement claim for your bike:
Q. How to check two wheeler insurance status?
Ans: You can follow any of these steps to check your two wheeler insurance policy status:
Q. Why two wheeler insurance policy is mandatory in India?
Ans: As per the Indian Motor Vehicles Act, 1988, all vehicles plying on the Indian roads must have a third party liability cover. The liability bike insurance policy is mandatory to ensure that in case of a road accident, the person being injured or property being damaged by your vehicle is compensated.
Q. How to get a copy of my two-wheeler insurance policy online?
Ans: You can get a copy of your two wheeler insurance policy document via any of the following ways:
Q. How to find my two wheeler insurance policy number?
Ans: You can find your two wheeler insurance policy number via any of the following methods:
Q. What is a personal accident cover in a two wheeler insurance policy?
Ans: When you buy a mandatory third-party two wheeler insurance, you get a personal accident cover of up to Rs.1 lakh for a premium of Rs.50. A pillion rider/passenger accident cover is optional and can be opted by paying an additional premium.
Q. How to buy two wheeler insurance for a second hand bike?
Ans: Buying a second hand two wheeler insurance can be a tricky thing. However, we have written an article so that you can avoid all the possible mistakes. Read - Buying Bike Insurance: Mistakes you Will Never Make Again.