Shriram Own Damage Bike Insurance

When you use a two-wheeler on a daily basis, there is a constant risk of mishaps that you and your two-wheeler face. This can be a source of constant anxiety for both you and your loved ones. One way to negate some of the dangers that come with riding a two-wheeler is by purchasing insurance. Insurance will take care of you and your two-wheeler in case of a mishap. It does this by providing compensation for the damages in case of such an event and thus giving the policyholder financial security in times of crisis. The standalone own-damage two-wheeler insurance cover will take care of own-damage costs in several situations including damage caused due to road accidents, fires, explosions, natural or manmade calamities and cases of theft or vandalism. Moreover, when bought along with the compulsory third-party two-wheeler insurance it provides holistic protection to the insurance holder in such situations.

Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance

What is Covered Under a Shriram Standalone Own-Damage Policy?

Following are the aspects that are covered under a Shriram standalone own-damage two-wheeler insurance policy:

• If there is a road accident that causes damage to the two-wheeler.
• If there is a fire or explosion that damages the two-wheeler.
• If the two-wheeler is damaged beyond repair or is stolen and cannot be traced.
• If there is a natural or manmade disaster that damages the two-wheeler.

What is Not Covered Under a Shriram Standalone Own-Damage Policy?

Following are the aspects that are not covered under a Shriram standalone own-damage two-wheeler insurance policy:

• If the two-wheeler has a mechanical or electrical failure.
• If there is damage caused to the two-wheeler due to illegal driving.
• The regular wear and tear of the two-wheeler.
• If there is damage caused to the two-wheeler outside India.

Following are the benefits of purchasing a Shriram Two-Wheeler Insurance Policy:

• The own damage cover takes care of the insurance holder’s own damage costs in case of a mishap.
• The own-damage cover offers No Claim Bonus for every claim-free year.
• The own-damage cover also offers several add-on covers to further enhance the coverage of the policy.

How To Purchase a Shriram Standalone Own-Damage Policy?

Following are the steps you need to take to purchase a Shriram Two-Wheeler Insurance Policy:

Step 1: Visit the InsuranceDekho website and select the two-wheeler insurance tab from the top left corner of the home page..

Step 2: Enter the two-wheeler’s registration number in the provided section. You can enter the two-wheeler’s make, model and year of registration in case you do not have the registration number.

Step 3: Enter your personal information including your name and phone number. Once the required information has been entered you can select the ‘Submit and Get Quotes’ tab to proceed.

Step 4: On your screen, all the quotes for insurance policies in your categories will be visible. Select the one offered by Shriram and select any add-ons you want with it.

Step 5: To finish the purchase make the payment for your Shriram two-wheeler insurance policy and the insurance document will be sent to your registered email ID.