Things To Consider Before Purchasing Bike Insurance From Oriental Insurance

For most Indian families, two-wheelers are now an essential component of daily life. Two-wheelers have satisfied the need for a personal mode of transportation in a cost-effective manner. But an unfortunate event can cause trouble in terms of finance. It is then when bike insurance can lend a hand to you.

Oriental two-wheeler insurance is a comprehensive bike insurance package designed to cover your vehicle completely. Oriental Insurance Business, an Indian public sector general insurance company, offers many insurance plans like third-party liability policies and comprehensive insurance policies. You can purchase add-ons along with a comprehensive insurance plan for extra coverage.

Things To Consider Before Purchasing Bike Insurance From Oriental Insurance 

Coverages Provided by Oriental Bike Insurance

The Oriental Two Wheeler Insurance Policy will offer coverage in the following circumstances:

• Loss of a two-wheeler- If a two-wheeler is accidentally lost during the insurance period, Oriental Insurance Company would compensate the policyholder.
• Damage to a two-wheeler- This policy covers damages to a vehicle caused by factors such as theft, burglary, or housebreaking, terrorism, inundation, malicious acts, strikes, or transit by inland waterways, rail, road, lift, or air, lightning, explosion, fire or self-ignition, storm, earthquake, etc.
• Personal Accident Coverage- If a person dies or is injured while mounting or dismounting the two-wheeler, or while traveling, personal accident coverage will be granted to the owner of the two-wheeler.
• Third-Party Legal Responsibility Coverage-The Oriental Two Wheeler Insurance policy includes coverage for third-party legal liability.
• Extension covers are available for an extra fee in exchange for more protection.
• Electrical or non-electrical accessories are lost or damaged.
• The coverage covers damage to rubber, plastic, or nylon parts, as well as batteries, tubes, and tires.

Also Read - Should I Purchase Two-Wheeler Insurance Online?

Oriental Two Wheeler Insurance Policy Exclusions

The following are the situations for which Oriental Two Wheeler Insurance coverage will not provide a settlement:

• If the two-wheeler sustains damage or loss outside of the plan's geographic coverage region.
• In the event of claims resulting from the use of the vehicle for reasons other than those stated or agreed upon.
• If harm occurs as a result of a two-wheeler being driven without a valid driver's license.
• In the event of injury or loss caused by the rider's intoxication with drugs or alcohol.
• In the event of damage or loss caused by the two-wheeler being ridden by someone other than the driver as indicated in the policy's driver's clause.
• In the event of a nuclear attack or a conflict.
• If tubes or tires are destroyed, but the insured two-wheeler is not damaged in the same accident.
• When a person suffers bodily harm or dies as a result of attempted suicide, or purposeful self-injury.
• In the event of liabilities emerging from or as a result of events occurring from contamination, ionization, or radiation by radioactivity from any nuclear waste or nuclear fuel.

Take Away

As part of its product range, Oriental Insurance company offers two-wheeler insurance plans, four-wheeler insurance policies, personal accident policies, and so on. The company's two-wheeler insurance policy protects you from financial losses in the event of an unforeseen occurrence such as an accident, vehicle damage, or theft.

You may also like to read - Top Ways to Save Money on Bike Insurance Renewal

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.