Bharti AXA TWO WHEELER Insurance Guide for Two Wheeler Insurance Claims 2 May 2018 Guide for Two Wheeler Insurance Claims A Two-wheeler insurance is needed if you own any two-wheeler vehicle as it protects you against financial losses incurred due to any road mishaps. If the two-wheeler gets involved in an accident or a collision or is stolen, a two wheeler insurance plan can help you get adequate compensation. These insurance policies prove to be beneficial in many situations. However, to avail the best benefits, you must read the terms of an insurance claim carefully. Guide for Two Wheeler Insurance Claims Here is a basic guide for two wheeler insurance claims: Comprehensive Cover Sometimes, the vehicle may ram into structures or be a victim of a traffic accident. It might just disappear from your garage. In a case like this, one of the best plans when it comes to two-wheeler insurance revival is comprehensive. The comprehensive insurance plays a major role in payment or replacement of your two-wheeler if the vehicle has been stolen or if it has been damaged. No Claim Bonus The NCB is associated with the policyholder and not the vehicle. However, to avail a no claim bonus, the policyholder needs to have a claim-free record. A No Claim Bonus or NCB would not be available for a person to person transfer. An exception can be the legal heir if he/she is entitled to the policy holder’s two-wheeler. When it comes to two-wheeler insurance renewal, the heir is free to choose any insurer he/she wishes to go with. Now coming to a multi-year two wheeler insurance, this becomes pretty useful. This is because it provides the customers some 2 or 3 whole years before the day of insurance renewal. Things get better because the No Claim Bonus regarding a multi-year insurance policy is higher than the NCB in an annual insurance policy. Third Party Liability Insurance The insurance states that law can interfere and provide justice to the third party to cover up damages to property or individuals. The policyholder can be held accountable in such a situation. To put it in basic terms, the liability is purchased by the first party (insured) from the second party (insurer) to offer protection from the claims of the third party (someone else). Zero Depreciation Cover Depreciation is the usual wear and tear that an economic product would face over a period of time. In this sense, vehicles are depreciative assets and this policy will protect your vehicle against depreciation and is required for two wheeler insurance revival. Zero Depreciation Cover or Zero Dep policy as it is popularly known, offers complete coverage without depreciation posing as a hurdle. There is no factoring in depreciation. The insurer is bound to cover the entire cost in a situation when your two-wheeler gets hit or collides. However, the first step for this is that you will need to file a claim. Own Damage Premium (OD) Own Damage Premium is one of the most common claims. In an accident, having an own damage cover in your policy becomes useful as it compensates you for expenses incurred for repair or replacement of parts. The premium mainly helps in covering the loss and damage of your two-wheeler in case of a fire, theft etc. It also covers third-party damage or liability. The liability might be damage to the property of the third party or death or injury. So the points mentioned above were a few important two-wheeler insurance claims that you can take note of. These insure your scooter or bike from future risks and hence going for these claims is quite essential while buying your two-wheeler. Explore Our Products Car Two Wheeler Travel Health Bharti AXA Advantages We've raised the bar in being your Two wheeler's ideal insurance companion 4.2 MILLION POLICIES ISSUED 79 BRANCHES ACROSS INDIA 4500+ CASHLESS GARAGE 24/7 CLAIM ASISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.