BMW S 1000 RR Bike Insurance

From where can I buy BMW S 1000 RR bike insurance?

Buying two-wheeler insurance online is your best option as you can compare insurance plans provided by different insurers before making the purchase. Buying bike insurance online will also save you a lot of time and money.

How much does it cost to insure my BMW S 1000 RR bike?

The cost of bike insurance depends on the value and condition of the motorcycle and the type of insurance plan and add-ons you choose. Usually, the cost of BMW S 1000 RR bike insurance is on the higher side as it is a premium motorcycle.

My bike insurance is about to expire. What documents do I need to renew the insurance?

You will need the following documents to renew the BMW S 1000 RR bike insurance:

• Motorcycle registration certificate

• The previous insurance policy certificate

• Identity proof

What is Insured Declared Value (IDV) in BMW S 1000 RR bike insurance?

IDV is the current value of your motorcycle and the two-wheeler insurance premium is calculated based on the IDV. The IDV is also the maximum sum insured amount, which will be paid to you by the insurer in case of theft or total loss of the motorcycle.

Does third-party bike insurance provide an Own Damage cover?

No, a third-party two-wheeler insurance policy does not provide an Own Damage cover. The coverage is limited to third-party liability cover. Only a comprehensive bike insurance plan provides an Own Damage cover.

What is an add-on cover in BMW S 1000 RR bike insurance?

Add-on cover is nothing but the additional coverage benefit which can be purchased separately for a comprehensive two-wheeler insurance plan. Buying add-ons are optional, and you can choose the add-on depending on your motorcycle and requirement.

Which add-ons should I buy for my BMW S 1000 RR bike insurance?

You can consider buying the add-ons such as Zero Depreciation Cover, Engine Protection Cover, Roadside Assistance Cover, Invoice Cover and Passenger/Co-Rider Cover for your BMW S 1000 RR bike insurance.

Can I renew BMW S 1000 RR bike insurance online?

Yes, you can renew BMW S 1000 RR bike insurance online, and it takes only a few minutes as the documentation is minimal and the payment is done through digital mode.

How can I reduce the premium of BMW S 1000 RR two-wheeler insurance?

You can reduce the bike insurance premium by installing an anti-theft device/security device on your BMW S 1000 RR. With a lesser risk of theft, the insurance premium will come down. You can also avoid buying unnecessary add-ons to reduce the cost of insurance. Lastly, you can opt for a third-party bike insurance plan to drastically reduce the cost of the premium.

Can I renew my bike insurance after it expires?

Yes, you can renew the expired bike insurance within the grace period provided by the insurer. Post grace period, you have to pay the required penalty charges to renew the insurance. Note that expired bike insurance does not provide coverage, so it is better to renew the insurance before it expires.