Types of Plans under Two-Wheeler Insurance Policy
Under the umbrella of Two-Wheeler Insurance, various plans and coverage options are available to suit your specific needs. Let's explore some of the common options:
- Standard Plan: This plan offers basic coverage against third-party liability and own damage. It provides financial protection in case of accidents, theft, or damage caused to your vehicle.
- Comprehensive Plan: As mentioned earlier, this plan offers comprehensive coverage for both third-party liability and own damage. It is the most extensive coverage option available, providing maximum protection for your two-wheeler.
- Add-On Plans: Add-On plans allow you to customize your policy by adding extra coverage options. Some popular add-ons include zero depreciation cover, roadside assistance, engine protection, and personal accident cover for passengers.
Choosing the right plan depends on factors such as your budget, the value of your vehicle, and your risk tolerance. It is advisable to assess your requirements and consult with insurance professionals to select the most suitable plan.
Understanding and complying with these standard terms and conditions is vital to ensure a smooth and hassle-free experience with your Two-Wheeler Insurance policy.
Risks Inclusions and Exclusions
Two-Wheeler Insurance policies cover a wide range of risks, but certain exclusions may apply. Let's delve into the risks typically covered and those that are usually excluded:
Risks Included:
- Accidents, collisions, and damages due to natural calamities (e.g., floods, earthquakes, storms)
- Theft or attempted theft of the insured vehicle
- Fire, explosion, or self-ignition
- Malicious acts, riots, strikes, or terrorist activities
- Personal accident coverage for the insured and passengers
- Third-party liability coverage for property damage and bodily injury
Risks Excluded:
- General wear and tear or mechanical breakdowns
- Damage caused due to drunk driving or driving without a valid license
- Loss or damage when driving outside the geographical limits specified in the policy
- Damage caused by nuclear or war-related activities
- Illegal activities or involvement in criminal acts
- It's essential to carefully review the policy terms and conditions to understand the complete list of inclusions and exclusions.