Two Wheeler Insurance for Hero Bikes27 Oct 2017
- Why Zero Depreciation Cover is a Good Choice?
- Getting Insurance is a Cake Walk Now with the Online Facilities Available
A bike signifies youth, adventure and freedom and everything associated with energy and exploration. And Hero MotoCorp has been catering to every demand of the evolving riding communities for decades. From basic models to highly specialized premium models, there is a bike to cater to the need of Hero’s diverse clientele.
Look Before You Leap
Investing huge amounts of money on a Hero bike of your choice is definitely a wise decision; however, what is wiser is to buy the best Two-Wheeler insurance online for your bike. With a plethora of insurance details of Two-Wheeler companies available in the market, it can be a difficult task to zero in on the one that is ideal for you. However, a thorough research online should fetch you a multitude of options available. There are a wide range of insurance policies available for Hero bikes, and you can pick the one that best suits your individual needs and budget.
The Motor Vehicles Act makes it mandatory for you, the owner of a bike, to own an insurance policy that covers the vehicle and the driver. Under a Bharti AXA Two-Wheeler insurance plan, the owner of a Hero bike is assured of financial protection to the vehicle as well as the person riding it. Some plans also cover pedestrians injured by the bike involved in a road accident, if the owner of that particular vehicle has a valid insurance plan. One of the most important Add-On Cover you can opt for when you buy a Two-Wheeler insurance plan is the Zero Depreciation Cover. This is explained in detail below.
As you are aware, constant use of your Hero bike subjects your vehicle to the usual wear and tear. When you are buying a Two-Wheeler insurance policy for your Hero bike, you can ensure the bike fetches you as much as a new bike would in the unfortunate case of a road accident. A typical Bharti AXA Two-Wheelerinsuranceplan would cover costs involved in the repair of a bike in case of an unforeseen eventuality like a road accident, man-made or a natural disaster.
Why Zero Depreciation Cover is a Good Choice?
However, as time goes by, the value of your Hero asset would decrease, thus reducing the amount you could claim towards its repairs. The advantage you have over a regular Two-Wheeler insurance plan is that your Hero bike would retain its value with the passage of time, enabling you to claim maximum amount towards repairs of your damaged vehicle. However, there are a few conditions that are not covered under the zero depreciation insurance policy, such as, damage caused owing to a mechanical breakdown of the bike or normal wear and tear of the Two-Wheeler. Another important aspect of the zero depreciation policy of a two wheeler insurance plan is that cover can be availed of only twice during the term of the insurance plan.
A periodic renewal of your Two-Wheeler insurance plan is important as holding a valid policy is mandated by law. In the recent past, some Two-Wheeler insurance companies have introduced long-term insurance plans for bikes. This followed a survey conducted by the existing customers of insurance companies, where the respondents preferred having a long-term plan for their bikes.
Getting Insurance is a Cake Walk Now with the Online Facilities Available
Insurance details of two wheeler companies for Hero bikes in India are made available at the click of a button by Bharti AXA. Most Two-Wheeler insurance companies like Bharti AXA offer expert guidance on the purchase of the most ideal plan for your Hero bike. In addition to providing all the details pertaining to a specific plan, there are live chats where you can ask any question and get detailed answers to your queries about your Hero bike and its insurance cover. In the unfortunate situation where your Hero bike is involved in a road accident, you can take your Two-Wheeler to one of the garages on the insurance company’s wide panel of repair shops. The claim can then be made for the costs incurred towards repairs of any damage caused to the bike. These claims are settled by the insurance company after ensuring the validity and taking due consideration of all the factors including a fair assessment of the damage made by a certified surveyor.
The best Two-Wheeler insurance online for Hero bikes includes coverage in case of any damages or loss to the vehicle. These damages could be caused by either natural or manmade calamities, like cyclones, floods, riots and terror attacks. In case you inadvertently cause damage to a vehicle belonging to a third party, you can claim charges incurred towards repairs. However, in order to stake a claim your insurance plan needs to include Third-Party Liability in your cover. Most plans for two wheeler insurance include personal accident cover, where the owner or the driver of the bike in question is compensated for medical expenses incurred.
Frequently Asked Questions (FAQs)
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