Know More About HDFC ERGO Two-Wheeler Insurance
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Insurance Policy
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Coverage
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Exclusions
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Add-on Covers
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Comprehensive Two-wheeler Insurance benefits
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Claims Procedure
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Already have Two Wheeler Insurance?
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Disclaimer
Frequently Asked Questions
You can easily renew your expired policy online. No inspection is required and you may simply buy the policy online. Once the payment is made, you will receive the policy copy.
Emergency assistance is an add-on cover and has to be purchased by paying additional premium. It has multiple benefits like breakdown assistance, tyre replacement, towing, fuel replacement etc which can be availed during the policy duration. Customers need to call up the customer care number mentioned on the policy for availing these benefits. Applicable for 1 year policy.
When a policyholder doesn’t make any claims during the policy period, he/she is rewarded with a No Claim Bonus (NCB). Now, this discount can range from 15% to 50%, depending upon your track record of not making a claim. While making a claim for massive damages serves the whole purpose of taking insurance, if you let go of small damages, you can avail a decent discount in the form of NCB. So, it’s advisable to pay for minor repairs instead of making a claim and losing that NCB, which by the way, only increases with every passing year.
Zero depreciation is an add-on cover and has to be purchased by paying additional premium. It offers complete coverage to your two wheeler without factoring into depreciation. For instance, if your vehicle is badly damaged, then you don’t need to pay for any depreciation charge and will be eligible for full claim amount subject to terms and conditions of the policy. Applicable for 1 year policy.
No Claim Bonus is valid upto 90 days from the previous policy expiry date. If the policy is not renewed within 90 days, No Claim Bonus will become 0% and no benefit shall be passed on to the renewed policy.
Roadside assistance is an add-on cover that comes to your rescue when you are stranded on the road in case of a mechanical breakdown. This has to be purchased by paying additional premium. One can avail 24*7 road side assistance for breakdown, tyre replacement, towing, fuel replacement etc. by contacting the customer care.
A comprehensive insurance policy provides protection to your two wheeler due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage.
Two wheeler insurance is an insurance policy required to provide protection to your two wheeler against any damage which might result into a financial loss. In addition to it, any third party liability which has arisen due to the use of your two wheeler is covered under two wheeler insurance. As per the Motor Vehicle Act, it is mandatory to buy a Liability only policy without which one cannot use the vehicle on road.
No, it is not mandatory to have a comprehensive bike insurance policy. According to Motor Vehicles Act, 1988, it is compulsorily to ride any vehicle with a valid third party insurance policy. However, it is advisable to have a comprehensive two wheeler insurance policy to get full fledge coverage for your vehicle. Also comprehensive bike insurance policy comes along with the benefits provided by third party two wheeler insurance in addition to coverages for theft, fire, natural calamity and other unforeseen events. .
There two types of insurance policies – comprehensive and third party liability. Comprehensive insurance ensures complete protection to your two wheeler due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage. However, third party liability, which is the mandatory cover protects your vehicle against third party liability against person and property.
Comprehensive two wheeler insurance provides overall protection to your vehicle by providing coverage against loss due to unforeseen events like floods, earthquakes, riots, theft, burglary, fire, etc. Comprehensive two-wheeler policy also encompasses your legal liabilities towards the third party during an accident. It covers both the property damage, loss of vehicle, damage of vehicle parts liabilities of the third party and physical injuries or death of the third party caused by the insured vehicle during an accident. By buying comprehensive bike insurance online, you can get the policy in just few clicks and save time. Also, there is less paperwork and mode of payment is safe.
This add-on cover retains your No Claim Bonus even after you have raised a claim for damage caused to your parked vehicle due to external impact or any calamity such as flood, fire etc. This cover not only protects your NCB earned so far, but also takes it to the next NCB slab. It can be claimed for a maximum of 3 times during the policy period.
The Insured Declared Value (IDV) is the maximum amount of sum assured fixed by the insurance company, according to the present market value of the vehicle. Sometimes, the overall repair cost exceeds 75% of the vehicle’s IDV,and then, the insured bike is treated as a Constructive Total Loss claim.