22Kymco Bike Insurance

Some people might look at bike insurance as an avoidable expense. On the contrary, bike insurance can be a saviour when it comes to expenses. Major bike repairs can be costly. But with the right insurance policy, you do not have to worry about the repair bill. Insurance is crucial, especially for electric bikes because repairing such bikes can be costlier than repairing the average fuel-driven bike. Thus, if you own a 22Kymco Bike, do not forget to buy adequate 22Kymco Bike Insurance for it. Not sure about how to go about doing so? This article will guide you. Read ahead for detailed information.

It is a good practice to check out the 22Kymco bike insurance policy’s inclusions before buying the plan. These are situations that shall be covered by the insurer in the case of a 22Kymco two-wheeler insurance Comprehensive Plan.

Just as there are inclusions where the insurer offers coverage, there are instances where the insurer is not liable to offer the coverage. Such instances are known as policy exclusions. Here are some common ones about a Comprehensive Plan.

As mentioned above, you can buy add-ons with a Comprehensive Two-wheeler Insurance Plan. Insurers might offer other add-ons as well. Some might include them in their services or mention them as a part of the Comprehensive Cover. Here’s a list of popular add-ons that can be purchased by paying the corresponding insurance premium.

Usually, there are two ways to go about raising a claim against a Comprehensive Bike Insurance Policy. These two ways are dependent upon the chosen claim settlement process. You have the option of a Cashless Process or a Reimbursement Process. The Cashless Process is a modern and convenient method for settling claims. The exact steps involved in the following processes can vary as per the insurer’s technology, strategy, and infrastructure.

Step 1: Lodge a claim by contacting the insurer.

Step 2: Share details such as the policy number.

Step 3: The insurance company will assign a claims executive who will either inspect the damaged bike at the accident location or the garage where you have taken the bike.

Step 4: Once you, the claims executive, and the mechanic agree on the extent and the cost of damage, the bike shall be repaired and you will have to pay the entire repair bill.

Step 5: After you have settled the bill, you will have to apply to the insurance company for the reimbursement of the bill.

Step 6: The insurance company will go through your application and will settle the claim by making the applicable payment.

Step 1: Inform the insurer via the website, call, app, or email.

Step 2: Upload photos of the damaged vehicle.

Step 3: Wait for the claims team to verify your claim request.

Step 4: The insurer may or may not assign a claims executive for inspection. If assigned, the inspection can happen at the accident spot or the garage that has a tie-up with the insurance company.

Step 5: The bike’s repair bill will be settled by the insurance company. You will have to pay for the Deductibles or other extra charges.