Standalone Own Damage Bike Insurance

Yes, you can easily transfer your vehicle's insurance to the new owner. The usual procedure for transferring a vehicle insurance policy between two owners requires the new owner of the vehicle to submit an application form to the insurance provider within about 14 days of the registration transfer.

The coverage for vehicle insurance can vary depending on the type of policy chosen. Third-party liability, third-party property damage, personal accident cover, own damage, theft, natural/manmade calamities, etc., are some of the common risks that are usually covered under motor insurance for a vehicle.

No, you cannot purchase a standalone Own Damage (OD) policy before buying a bike, as you need your vehicle’s number or registration number to apply for the insurance. In fact, a valid Third-Party (TP) insurance policy is also mandatory to purchase this policy.

In most of the standalone OD policies for a two-wheeler, it is valid up to 1 year. This is why to continue getting the coverage benefits, you must renew it annually. You can also check out the long-term policies now available for Standalone Own Damage.

No, Own Damage cover is not mandatory. It is an optional policy that protects your bike from damage. However, it is highly recommended for financial security, especially for new or expensive vehicles, as third-party insurance alone does not cover your two-wheeler's repair or replacement costs.

You may be able to transfer your No Claims Bonus (NCB) when renewing your policy with us, but this depends on various factors. While renewing, you may be able to get new and better NCB options and discounts.

The no-claim bonus feature in vehicle insurance can reduce the premium by a certain percentage each year if no claims are made. This feature has proven beneficial for people who have long-term insurance policies with the same company.

You can initiate a claim both online and offline. To register your claim online, you should visit the official website of your insurance provider, while for an offline claim, you can visit their office or contact them using their official mobile number. However, the online process is more convenient and quicker than the offline process.

Yes, you can usually register more than one claim in a policy year. However, you can lose your No Claim Bonus (NCB) every time you file a claim.  This is why file claims only if it's necessary.

Vehicle insurance premiums can change at renewal due to several factors, including depreciation, add-on covers, the type of model of your vehicle, and additional accessories. Consequently, the premium may increase or decrease each year.

The time gap between the policy expiration and the renewal of the policy is known as the break-in period. Your policy will remain inactive during this period. In case of a break-in, you are advised to renew your policy as soon as possible. You can complete the procedure online easily, and your policy gets instantly activated.

Usually, vehicle inspection occurs when purchasing a new vehicle insurance policy or during the renewal process. Additionally, an inspection may be required when you file a claim for any damages, there is a change in the policy type, new accessories or equipment are added to the vehicle, or there is a change in ownership.

Yes, you can switch providers at renewal. However, before doing that, you should compare quotes and coverage details to get better benefits along with the mandatory Third-Party (TP) cover.