Hyosung Bike Insurance

Hyosung is a Korean brand of motorcycles. This brand is owned by S&T Motors. In India, the brand has partnered with Garware Motors to cater to the middleweight motorcycle industry. They are planning to expand their offerings soon.

Indian bike enthusiasts can choose from four appealing Hyosung models. They come in the range of Rs. 3 to 6 lakhs. Whether you choose a 3-lakh bike or a 6-lakh bike, it is mandatory to choose Hyosung bike insurance. Read ahead to know more about Hyosung bike insurance in India. 

Buying or renewing bike insurance is no longer difficult. You can buy/renew Hyosung bike insurance easily thanks to the digitization of the industry. Earlier, you had to seek the help of an agent or an insurance company’s employee to buy bike insurance. But that is not the case anymore. Nowadays, you can buy/renew Hyosung bike insurance from the comfort of your home from your smartphone by visiting your preferred insurance company’s website.

There are two prominent reasons why you should insure your Hyosung bike. First, you need to insure your bike as it is mandatory to do so as per The Motor Vehicles Act. The other reason to insure your bike is the Own Damage cover, which comes with a Comprehensive bike insurance policy. With this cover, your Hyosung bike will be insured if it faces damages due to fire or calamities and will be insured against theft.

Whether it is a third-party claim or an own-damage claim, first and foremost you need to inform your two wheeler insurance company about it. They will tell you the step-by-step process to raise a claim. If you have an online insurer, you can register a claim by visiting their website as well. If there is an accident or bike theft, you will have to file an FIR with the police. In most cases, the insurance company will appoint a surveyor, you must comply with the officer and be patient. The claim will be settled by payment made through cheque or bank transfer.

Reasons to buy Hyosung Bike Insurance from Acko

Acko Bike Insurance Coverage Details

Here’s a list of generic exclusions:

This is how you can use a bike insurance premium calculator on Acko.com.

Step 1 – Visit ACKO Website

Step 2 – Choose the bike model

Step 3 – Choose the purchase year of your bike

Step 4 – Choose if your current policy is active

Step 5 – Select View Prices

Step 6 – Choose a plan

Step 7 – Make payment

Step 8 – Download the policy

Here’s a list of best-selling Hyosung models:

Here’s a list of top-selling Hyosung model variants:

You have the option to choose your Hyosung’s insured declared value from a range if you are purchasing your policy online. It is commonly understood as the market value of your bike, however, it is not to be mistaken with the bike’s resale value.