Honda Unicorn 160 Insurance

The choice for duration of the renewal depends upon the policyholder and their planning regarding their Honda Unicorn bike. In case, a policyholder is planning to change their bike in sometime, it is advisable to go for just 1 year extension. In other aspects, generally a longer extension period provides lower premium rates.

Yes, the claim process for your Honda Unicorn bike insurance plan is time restricted. As soon as you meet with an accident, the insurance provider expects you to inform them as soon as possible. However, in certain situations, the insurance company can extend the deadline. The timelines for claim intimation vary from insurance company to insurance company. While, considering it from the viewpoint of a policyholder, then they should inform the insurance company soon and should get familiar with the claim settlement that would follow.

Highlighted below are the lists of advantages that you could enjoy by getting your Honda Unicorn bike insurance plan renewed on time:

• Your Honda Unicorn bike insurance plan stays active.
• In case no claims are raised by you in the previous policy duration, then you are eligible for NCB or No Claim Bonus
• Your Honda Unicorn bike remains protected and insured
• You are not required to go for bike inspection again and again
• Charges that are related with break-in policy are not levied

A zero depreciation is a type of add on that you can buy alongside your comprehensive two-wheeler insurance policy. Generally, when a two-wheeler insurance claim is raised by you, the applicable depreciation amount(reduction in the asset value due to wear and tear) first gets deducted by the insurance provider from the claim amount, and afterwards the claim gets settled. However, if you have opted for zero depreciation add on alongside your basic Honda Unicorn bike insurance plan, then the depreciation amount will not be considered and you would get a comparatively higher claim amount. Also, make a note that the premium for your Honda Unicorn bike insurance would get increased if this add on is included in your insurance policy.

The coverage extended to you for your Honda Unicorn bike insurance policy depends entirely upon the type of two-wheeler insurance policy bought by you. You can either go for a basic third party insurance plan or you can opt a comprehensive two-wheeler insurance policy for your Honda Unicorn bike. Given below are the coverages that are generally provided by these two bike insurance plans:

Third Party Insurance Plan

The following coverages are offered under Third party insurance plan to your two-wheeler:

• Third party legal liabilities
• Damage or loss to any third party property
• Damage or loss to any third party individual
• Personal Accident Cover

Comprehensive two wheeler insurance plan

The following coverages are offered under Comprehensive two-wheeler insurance plan to your two-wheeler:

• Third party coverage

• Damage to own Two-wheeler

  Before purchasing the policy, you should read the entire terms and conditions mentioned in the policy document thoroughly in order to understand the coverage extended by your two-wheeler insurance plan completely.