Accessories can be insured under a Two-Wheeler Insurance policy with an additional premium. In case these are factory itted, they are automatically insured under the policy however insured needs to insure them separately if those are installed later. Insured will have to pay additional premium to cover the accessories in Two-Wheeler Insurance Policy.
Yes, in case one is changing from their existing insurance company to ICICI Lombard GIC Ltd. and has accrued some NCB from their insurer, the same can be transferred in case one’s Two-Wheeler is insured within 90 days of their policy renewal due date.
The insured is allowed to shift the vehicle to garage. But, if the vehicle is found in immovable condition or there is a leakage of coolant/ engine oil is spotted, then one shouldn’t try to start the vehicle. Instead, they need to avail assistance of breakdown service van.
As per Section 64VB of Insurance Act, 1938 no risk can be assumed unless premium is received in advance. Hence, full vehicle insurance premium needs to be collected before the start of policy.
Once the policy has already expired, one needs to obtain a fresh insurance. Due to the break in insurance the vehicle will be physically inspected by a company oficial or an authorized representative/agency. One can get in touch with ICICI Lombard’s customer support at 1800-103-2292 (Toll free) to renew policy if it has been less than 90 days. With this, it is possible to retain the No-Claim Bonus.