Revolt Bike Insurance

Electric bikes or e-bikes, as they are popularly known, used to have a futuristic tone to it. But not anymore. In 2020, such bikes are common. They might not flood the roads yet, but brands are making them and people are buying them. In some cases, friendly regulations are also proving helpful to create awareness about this new way of commuting. Such bikes are stylish as well. For example, Revolt bikes have a stunning design. It would be difficult to distinguish the e-bike from a fuel-driven one just by looking at it. This article is all about Revolt Bike Insurance. Read ahead for details.

An insurance policy is like a contract. And every contract has its terms and conditions. The inclusions are a crucial part of the terms and conditions. They state the situations where the insurer is liable to cover the policyholder. Listed below are generic inclusions of a Comprehensive Two-wheeler Policy. For precise inclusions, please go through the respective Revolt Two-wheeler Insurance Plan’s Policy Wordings as they can vary from insurer to insurer.

Just as the policy has inclusions, it also has exclusions. The insurer will not offer insurance cover in the following situations. Make it a point to check these exclusions in the Policy Wordings before buying. It is also a good idea to go through them before raising a claim.

Add-ons are an interesting feature of bike insurance. You can look at the add-ons as small and specific covers. They either offer services or prove helpful in receiving a better pay-out amount while settling claims. You have to pay extra to purchase each add-on. And they can only be bought with a Comprehensive Plan. All insurers might not offer the entire add-ons catalogue for e-bikes. It is best to check with the insurer in this regard. Here’s a generic list of bike insurance add-ons for your understanding.

Ideal for those who often ride pillion. This add-on offers Personal Accident Coverage to the person sitting behind the bike rider.

Bike parts depreciate over time. This is considered while settling claims. However, with the Zero Depreciation add-on, such costs won’t be calculated and you will receive a higher claim amount.

Get the invoice value of your bike in claim settlement for a stolen bike or in the case of damage beyond repair.

Apart from the ones mentioned above, you can also go for Consumables Cover, Loss of Key Cover, and Roadside Assistance Cover.

Here’s an overview of the bike insurance claim settlement process for Revolt Bikes.

Step 1: Let your insurer know about the incident.

Step 2: Share details and answer questions posed by the insurer.

Step 3: Submit documents if necessary.

Step 4: Comply with the claims executive and select either a Cashless process or a Reimbursement process.

Step 5: In a Cashless method, settle the claim by paying the deductibles and in a Reimbursement method submit all receipts and receive the money in your bank account.