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Honda Livo Variants with Insurance Premium Price
Variant Name | Ex-showroom Price | Comprehensive Bike Insurance | Third Party Bike Insurance | Own Damage Bike Insurance | |
Honda Livo Drum 109.51 cc, Petrol | ₹72,674 | ₹ 4031 | ₹ 714 | ₹ 177 | |
Honda Livo Disc 109.51 cc, Petrol | ₹76,673 | ₹ 4076 | ₹ 714 | ₹ 185 |
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How to Buy Insurance for Honda Livo via InsuranceDekho
Honda Livo Bike Insurance Summary
Honda Livo is a 115 kg commuter bike that is available in two variants and four colors in India. The bike has an engine capacity of 110 cc that generates 8.6 bhp of power and 9.30 nm of torque. It has a fuel capacity of 9 L comes with a 4 speed manual gearbox and has tank suspensions that make the bike look bigger. Some key features of the bike include digital analogue meter, steel chain, string rear appearance, silent start with ACG and eSP technology. Both rear and front brakes of Honda Livo are drum brakes. Simply put, Honda Livo is the most comfortable, economical and good-looking commuters bike in the Indian market.
Honda Livo Bike Insurance
As per the Indian Motor Tariff, it is mandatory by law to have at least a third party bike insurance policy when riding on the Indian roads. If you do not own one, or ride with a lapsed policy, then you will be punished with a fine of Rs. 2,000 and/or imprisonment for up to 3 months. You must own a third party bike insurance policy not only because it fulfils the legal requirements but also because it protects you from third party liabilities incurred due to bodily injuries, damage, or death of a third party. It is an affordable policy that provides cover for up to Rs. 1 lakh.
Types of Bike Insurance Cover
- Third Party Bike Insurance Policy: In India, it is mandatory by law to at least have a third party bike insurance policy. The policy covers you against third party liabilities arising due to unfortunate events causing death, injury, etc. You can purchase a third party bike insurance policy for any bike you own.
- Standalone Own-Damage Bike Insurance Policy: It is not a legal requirement to own a standalone own-damage bike insurance policy. But you can own one to save yourself from the expenses incurred on damages sustained by your own bike in case of a mishap. The policy can be very useful for you at the time of need.
- Comprehensive Bike Insurance Policy: Comprehensive bike insurance policy is a combination of third party bike insurance policy and comprehensive bike insurance policy. It offers you full protection in all the cases. For instance, in case of loss due to natural calamities, man-made calamities, or damages caused by accident and theft.
How to Buy Insurance for Honda Livo from InsuranceDekho
Purchasing bike insurance policy online at InsuranceDekho for Honda Livo bike is very easy and not at all time-taking. The process requires you to follow a few simple steps given below:
Step 1: Visit the official website InsuranceDekho.
Step 2: Select ‘Bike’ and enter your bike’s number in the ‘Get Your Quote’ section. If you do not remember your bike’s number, then kindly enter other details like its make, model, variant, fuel type, registration year, etc. and proceed.
Step 3: Fill your personal details like Name and Mobile Number. You will see the most suitable bike insurance quotes on your screen.
Step 4: Select the bike insurance policy you want to buy for your Honda Livo bike as per your requirements.
Step 5: Pay for the chosen policy. You will receive the policy document via email within the stipulated time.
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Honda Livo Bike Insurance FAQs
- 1
What is the Best Two-Wheeler Insurance for My Honda Livo?
The best two-wheeler insurance for your Honda Livo is one that is well suited to your requirements and the budget. One of the recommended ways to find a policy that is suited to your needs is to search for it online. This way you can easily compare the different two-wheeler insurance companies, the quotes they offer and their network of cashless garages to make an informed decision. Moreover, you can also check the claim settlement ratio, the customer reviews and the terms and conditions of your selected policy before making the purchase.
- 2
Will Two-Wheeler Insurance Pay for the Cracked Windshield of My Honda Livo?
If you crack the windshield of your Honda Livo in a mishap the insurance company will cover the cost of the damage only if you have an own damage cover. You can purchase an own damage cover for your Honda Livo as a standalone own damage cover or as part of a comprehensive insurance plan. However, keep in mind, if there was some form of misuse or illegal driving that led to the mishap your insurance company will reject your claim.
- 3
Does My Second Hand Honda Livo Need Two-Wheeler Insurance?
Yes, you must have two-wheeler insurance for your Honda Livo even if it is second-hand. Third-party insurance is a mandatory cover for all two-wheelers in India according to the Motor Vehicles Act of 1988. Moreover, if you are caught without third party insurance the police will punish you with a fine of Rs. 2000 and/or imprisonment for up to 3 months. This cover takes care of your third party liabilities in case there is a mishap involving your Honda Livo and covers bodily injuries, death or property damage of the third party only.
- 4
What Factors Affect the Premium of My Honda Livo?
There are several factors that affect the insurance premium of your Honda Livo. The important factor however is the Insured Declared Value of the two-wheeler. The IDV of your Honda Livo dictates the maximum compensation you will be offered by the insurance company if there is a mishap. Moreover, the IDV also takes into account the depreciation rate of your Honda LIvo. This means the older your Honda Livo the lower its IDV, claim amount and premium.
- 5
How to File a Claim for My Honda Livo?
To file a claim for your Honda Livo follow these steps:
Step 1: Contact the insurance provider and tell them about the incident involving your Honda Livo as soon as possible.
Step 2: If your Honda Livo was in a road accident, was damaged by an act of vandalism or stolen, file an FIR at the police station as soon as you can. The FIR will also be important for your insurance claim.
Step 3: Submit the documents along with the claim form to the insurance company to initiate the claim procedure.
Step 4: If your Honda Livo was damaged and needs repair the insurance company will send a surveyor to assess the damage and then your claim will go through a verification procedure before your claim can be approved.
Step 5: If all goes well, your claim will be approved and you can take your Honda Livo to the garage to get it repaired. It is advisable to select a network garage as the insurance company will then handle the expenses in a cashless manner and it will reduce your out-of-pocket expenses as well.