As a bike owner, it is essential to have comprehensive insurance against any unforeseen circumstances. ICICI Lombard Bike Insurance is a great way to ensure peace of mind while hitting the roads. Let’s delve deeper into maximizing protection and making the most out of your insurance policy.
ICICI Lombard Bike Insurance offers a range of coverages, including third-party liability, personal accident cover, and own-damage cover. Third-party liability cover is the most basic and mandatory coverage required by the Indian Motor Vehicles Act. It provides protection against any damage, injury or loss caused to third-party property or person. Personal accident cover, on the other hand, compensates the policyholder for injuries or death due to an accident. Own-damage cover comes in handy when your bike is damaged in an accident or is stolen. All these coverages provide comprehensive protection, and one can purchase them together to have complete protection.
ICICI Lombard Bike Insurance also offers a variety of add-ons to enhance the coverage of the insurance policy. Some of the most popular add-ons are zero depreciation cover, engine protect cover, consumables cover, and roadside assistance cover. A zero-depreciation cover provides full coverage for replaced parts, whereas the engine protect cover is useful in protecting the engine of the bike. The consumables cover compensates for the replacement of consumables like lubricants, nuts, and bolts during maintenance. Finally, roadside assistance cover is essential for ensuring help in case of breakdowns or accidents.
While choosing ICICI Lombard Bike Insurance, it is vital to keep in mind the policy’s benefits and features. The policy provides cashless services at network garages across the country and has a hassle-free claim settlement process. One can renew the policy online quickly and enjoy a host of other benefits like 24×7 helpline and online chat assistance. Moreover, the policy comes with excellent discounts like no claim bonus, anti-theft device discount, and voluntary deductible discount.
For those owning a Hero bike, there is an exclusive Hero Insurance plan by ICICI Lombard, covering the bike against natural and man-made calamities. The plan provides protection against theft, fire, explosion, riots, floods, earthquakes, etc. Moreover, it provides coverage against third-party liability and personal accident cover for the bike rider and pillion rider. One can also add the optional Zero Depreciation Cover and Roadside Assistance Cover to the policy for better protection.
To maximize the protection of ICICI Lombard Bike Insurance, one should be aware of the do’s and don’ts. Always ensure that the policy is renewed on time to avoid any lapse in coverage. Also, know your bike’s IDV (Insured Declared Value), which is the maximum amount that the insurer will pay in case of theft or damage. It is essential to disclose all relevant information accurately and honestly while purchasing the policy to avoid any issues during claim settlement. Maintaining regular maintenance of the bike and installing anti-theft devices also ensures a hassle-free claim settlement process.
In conclusion, ICICI Lombard Bike Insurance is the ultimate way to maximise protection and ensure peace of mind for bike owners. Understanding the coverage and add-ons, along with the policy’s do’s and don’ts, can help one make the most out of the policy. Added benefits like Hero Insurance for Hero bike owners and discounts like no claim bonus and anti-theft device discount make the policy even more attractive. So, don’t wait any longer and get comprehensive coverage with ICICI Lombard Bike Insurance.
