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If you own/ride a two-wheeler, motor insurance is a must. Riding a two-wheeler without an insurance cover can attract hefty penalties. Moreover, bike insurance provides financial coverage in case of a mishap. Be it a commuter bike or premium bike two-wheeler insurance is necessary. This article will provide you with all the details about the Honda CD 110 Dream Bike Insurance.
Buying bike insurance for a two-wheeler is not about just complying with the rules and regulations. The insurance policy also provides a financial backup if your two-wheeler is damaged in an accident. Purchasing a good 2-wheeler insurance policy is crucial as it protects your two-wheeler, Below are the benefits of buying two-wheeler insurance for Honda CD 110 Dream bike:
A Comprehensive/Third-Party 2-Wheeler Insurance Plan provides mandatory third-party coverage. The insurance policy covers damage to third-party property or life. It means that if your bike ends up damaging another person’s bike/property or injures a third-party, then such losses will be covered by the insurance company.
A Comprehensive Bike Insurance Plan provides an Own Damage cover, which covers damages to your two-wheeler. If your Honda CD 110 Dream is damaged in an accident or due to fire/natural disaster/man-made disaster, then such damages will be covered by the Comprehensive 2-Wheeler Insurance Plan. A Comprehensive Policy will eliminate the hassle of worrying about repair works.
The Comprehensive Bike Insurance Policy also covers theft or total loss of the insured two-wheeler. If your motorcycle is totalled in an accident or stolen, then the insurer will pay you the IDV (Insured Declared Value) of the vehicle. So, no matter if your vehicle is damaged or stolen, the insurance policy will come to your rescue.
A Personal Accident (PA) cover is mandatory regardless of which bike insurance plan you buy. PA cover is an add-on which provides coverage against injury/accidental death of the rider/owner. So, if you're injured in an accident, the PA cover will compensate for the medical expenses incurred due to the treatment of the injury.
You can enhance the scope of coverage of the Comprehensive Bike Insurance Plan by purchasing add-ons. You can buy individual add-ons to extend the coverage benefits of the policy. You can choose from a host of available add-ons as per your need. You can buy add-ons at a nominal increase in the premium.
You can buy two types of bike insurance plans for Honda CD 110 Dream: Third-Party Bike Insurance Plan and Comprehensive Bike Insurance Plan. Below are the coverage details of both the insurance plans:
Buying a Third-Party Two-Wheeler Insurance Policy for your bike is compulsory to comply with the law stated under The Motor Vehicles Act. The insurance plan provides coverage against damage to third-party vehicle/property or life. Third-Party Insurance Plan does not cover damages to your two-wheeler.
A Comprehensive Bike Insurance Plan provides extensive coverage as it offers Third-Party and Own Damage cover. In addition to third-party liability cover, the Comprehensive 2-Wheeler Insurance Plan provides coverage against damage to your two-wheeler. The mandatory Personal Accident add-on, covers injury/accidental death of the rider/owner. Apart from that, the insurance plan also covers total loss or theft of the insured motorcycle.
Honda CD 110 Dream Comprehensive Bike Insurance will provide coverage against the following:
Loss/Damage to third-party property or life.
Loss/Damage to the motorcycle due to explosion or fire.
Loss/Damage to the motorcycle due to an accident.
Loss/Damage to the motorcycle due to man-made disasters such as riots, etc.
Total loss or theft of the insured motorcycle.
Loss/Damage to the motorcycle due to natural calamities such as floods, cyclones, earthquakes, etc.
Honda CD 110 Dream Two-Wheeler Insurance will not provide coverage against the following circumstances:
Loss/Damage to the motorcycle due to reckless riding or improper handling.
Loss/Damage to the motorcycle due to mechanical or electrical failure.
Loss/Damage to the motorcycle when riding without a valid driving licence.
Loss/Damage to the motorcycle when riding under the influence of alcohol/intoxicating substances.
Loss/Damage to the motorcycle due to wear and tear.
Any add-ons which are not purchased.
A Comprehensive Bike Insurance Pan allows you to purchase add-ons to enhance the scope of coverage. Below are the available add-ons for Honda CD 110 Dream bike:
Engine Protection Cover
Roadside Assistance Cover
Zero Depreciation Cover
Consumables Cover
Loss of Personal Belongings Cover
Key Protect Cover
Outstation Emergency Cover
Follow the below steps for raising a bike insurance claim online at ACKO:
Step 1. Download the ACKO smartphone app or visit the website www.acko.com.
Step 2. Log in to your account with the registered mobile number.
Step 3. Click on the ‘Claim’ button on your policy card.
Step 4. Next, enter a few basic details and upload the pictures of the damaged motorcycle.
Step 5. You may receive an instant claim settlement for minor damages.
Step 6. ACKO’s expert mechanic will carry out minor repairs and small parts replacement at your doorstep.
Step 7. Major damages/part replacements can also be done at ACKO’s network garages.
A Third-Party 2-Wheeler Insurance Policy provides only third-party liability coverage. That means the policy provides coverage against damage to third-party property or life. The insurance plan does not cover damage to your vehicle. So, you can consider buying a Comprehensive Bike Insurance Plan for Honda CD 110 Dream.
Yes. Online bike insurance policy is valid for Honda CD 110 Dream. You can buy two-wheeler insurance online, and the insurer will provide you with a soft copy of the insurance policy certificate, which is valid. Moreover, buying bike insurance online will save you a lot of time.
A Comprehensive Bike Insurance Policy provides extensive coverage with third-party and Own Damage cover. On the other hand, the Third-Party Insurance Plan provides only third-party cover. So, a Comprehensive 2-Wheeler Insurance Policy costs more than the mandatory Third-Party Bike Insurance Plan.
Yes, you can buy a long-term bike insurance plan for your two-wheeler. By purchasing a long-term 2-wheeler insurance plan, you can save on premiums and avoid the hassle of renewing the policy every year.
Yes, you can raise a bike insurance claim online by visiting the official website of the insurance company. You can register a claim online without any paperwork. (Paperwork might be required in certain situations) ACKO customers can log in to their account and click on the Claim button on the policy card to raise a bike insurance claim.
Yes, if you have opted for a Comprehensive Bike Insurance Plan, then the policy will cover damages to your motorcycle caused due to natural calamities. You can raise a claim with the insurer for vehicle damages caused due to flooding, earthquake, cyclone, etc.
If your bike insurance policy has lapsed, then you cannot avail the coverage benefits offered by the insurance policy. In other words, the insurer will no longer cover your two-wheeler if the policy has lapsed. And if you fail to renew the two-wheeler insurance policy within 90 days, then you will also lose out on No Claim Bonus accumulated over the years.
A Comprehensive Two-Wheeler Insurance Plan allows you to buy add-ons. You can buy add-ons while buying or renewing the Comprehensive Bike Insurance Policy. You can also buy add-ons in the middle of the policy period if you have opted for the Comprehensive Insurance Policy.
Yes, you may get an NCB (No Claim Bonus) discount while renewing the bike insurance policy, provided you have not made any claims during the previous policy period. You can also opt for NCB Cover add-on to avail discount while renewing the two-wheeler insurance policy. NCB Cover protects the NCB discount despite raising claims during the policy period.
The cost of bike insurance or insurance premium is calculated after considering the following factors:
The age of the two-wheeler
Engine capacity (cc) of the two-wheeler
The geographical location of registration
Insured Declared Value (IDV)