Komaki Electric Bike Insurance

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The company, Komaki Motors has been around for decades but has ventured into vehicles since 2016. They have gained people’s trust by providing high-performance vehicles in multiple segments. If you plan to purchase their electric bike, make sure to insure it as well. Read ahead for the details related to Komaki EV bike insurance in India.

Importance of buying online two-wheeler insurance for Komaki bike

Here are a few reasons why you must choose bike insurance online instead of the traditional offline method.

Convenient process

You can access the insurance company’s website (for example, www.acko.com) at any time, from anywhere and buy the necessary coverage.

Instant policy

Rather than buying a policy and waiting for it to be hand-delivered after a couple of days, you receive the Bike insurance online document instantly.

Safe payments

Paying for your two wheeler insurance online has become much safer. Payment methods like net banking, UPI, credit or debit cards, etc. can be used seamlessly.

Bike insurance plans for Komaki Scooters

Here are the two major bike insurance plans for Komaki Electric bikes.

Third-party Liability Policy

This is the most basic type of bike insurance policy, and it is mandatory by law. As the name suggests, a Third-party Bike Insurance Policy offers financial protection against third-party liabilities like death, disability, property damage, etc. It does not cover your bike, though.

Comprehensive Bike Insurance Policy

This policy offers extensive coverage. It offers financial protection against third-party liabilities and Own Damage Bike Insurance (i.e. damage to your bike). Thus, insuring your Komaki with a Comprehensive Policy is better from a coverage perspective.

What’s covered in Komaki Bike Insurance? (Inclusions)

Buying a Comprehensive Bike Insurance Policy offers extensive coverage compared to a basic Third-party Liability Plan. Following are the general coverages you are likely to receive with a Comprehensive Bike Plan.

Accidental damage to the bike
Bike theft coverage under Komaki EV Bike Insurance
Damage from natural or man-made calamities
Fire damage is covered under Komaki EV Bike Insurance
Injuries/death of a third party
Coverage for total loss, i.e. damage beyond repair
Third-party property damage due to your insured two-wheeler

Exclusions of Komaki bike insurance plan

Exclusions are situations when you cannot make a claim against your bike insurance policy. Here is a general list for your reference.

Damages while riding under the influence of an intoxicating substance
Regular wear and tear
Damages to the bike when taking part in illegal activities
Claim for damage when the policy is inactive
Damages incurred outside the geographical limit of the country
Electrical or mechanical damages to the bike
Riding the bike without valid documents like a bike insurance policy or driving licence
Damages occurred while not abiding by traffic rules

Note: Please go through the policy wordings of your bike insurance policy to view the complete list of inclusions and exclusions.

Add-ons for Komaki bike insurance plan

Take a look at the following list of add-ons suitable for your Komaki EV bike insurance plan.

Engine Protection Cover
Personal Belongings Cover - Theft/Damage
Roadside Assistance Cover
Zero Depreciation Cover
Key Protection Cover
Outstation Emergency Cover
Consumables Cover
Personal Accident Cover

Disclaimer: The bike add-ons mentioned above are subject to availability. Please check the same while buying your bike insurance policy.

Why ACKO?

The following reasons highlight why choosing ACKO to insure your Komaki EV is a good idea.

Wallet-friendly

We have a solid digital infrastructure and a no-agent-commission model. This reduces our operating cost and consequently the cost of your policy.

Instant claims

If you have minor bike damages just raise a claim, and we will try to settle it instantly. Major claims are also settled in a hassle-free manner as per the terms and conditions.

Wide customer base

We have a strong and ever-increasing customer base of 7.7 crore+ people in India across our multiple products, including motor, health, travel insurance, etc.

ACKO’s claim process

The claim process for raising a claim against your ACKO BIke Insurance Policy is pretty straightforward. Here is how to go about it.

Step 1: Open your bike insurance policy by logging into your ACKO account on ACKO’s website/app.

Step 2: Click on ‘claim’

Step 3: Answer a few questions and upload the soft copies of the necessary documents.

As per our feature of instant claims, we will try to settle minor bike insurance claims within a few hours. Claims for major damage can take a bit longer than that on a case-by-case basis.

Frequently asked questions

Here are some common questions about Komaki EV bikes.

Is Komaki a good company?

The Komaki brand has been around for a long time (the company started in 1987), but it began manufacturing vehicles in 2016. You can check online reviews and bike features to help you with the decision.

Can I skip buying insurance for my Komaki Motors electric bike?

Not buying a bike insurance policy can have dire consequences. First of all, you will have to pay third-party compensations from your pocket (these can be very high) and bear the cost of repairing your bike in case of an accident. Secondly, bike insurance is compulsory by law so not getting bike insurance can lead to monetary fines.

Is it fruitful to buy only the basic coverage for my Komaki Electric Bike?

The basic, Third-party bike insurance plan offers coverage for third-party liabilities and not for damage to your bike. If your Komaki bike suffers damage, you will have to pay the cost of repairs. This can put a strain on your finances.

Which is the cheapest and most affordable Komaki bike in India?

The cheapest and most affordable Komaki bike in India is Komaki Super. It starts at Rs. 29,500 and is the lightest Komaki model on the buyer's pocket.

What are the latest bikes launched by Komaki in India?

The latest bikes launched by Komaki are the Komaki XGT range. It has two variants Komaki XGT VP and Komaki XGT X3. These retail at approximately Rs. 65,000 and Rs. 95,000 respectively.