Two-wheeler Insurance for Triumph

If you are planning to purchase a Triumph Bike or already have one, then you must consider its insurance cost. A two-wheeler requires continuous investment. This is usually in the form of fuel, maintenance, and insurance charges. Note that insurance is a mandatory requirement in the country. For example, you need Triumph Bike Insurance to comply with the law and insure your bike.

If you manage expenses for fuel, maintenance, and insurance well, you will be able to manage your bike’s expenses smoothly. This article will help you with the insurance part of the triad. Read ahead for detailed information regarding purchasing a two-wheeler insurance policy for your Triumph bike.

You can benefit from the following coverages on purchasing a Comprehensive Bike Insurance Policy for your Triumph bike in India.

There are certain instances where the insurer will not be able to settle the insurance claim raised against a Comprehensive Policy of the insured bike. These instances are known as policy exclusions. Here’s a list of such exclusions.

Add-ons are extra insurance covers. You can buy them by paying an extra insurance premium. There are multiple add-ons to choose from. Each add-on will increase your final payable premium. Thus, it is crucial to select only those extra insurance covers that can add value to your insurance policy. Such add-ons cannot be purchased with a liability-only cover nor are they standalone covers. They need to be clubbed with a Comprehensive Cover. Here’s a list of popular add-ons for your Triumph Bike.

This add-on helps you make the most of a claim as it negates the depreciation calculation during claim settlement.

Insure your bike’s heart with this add-on as a Comprehensive Policy won’t be able to provide ample coverage in this regard.

Protect your hard-earned No Claim Bonus (renewal discount) with this add-on as it allows you to raise a claim or two during the policy period without resetting the NCB.

With this add-on, you can receive the insured bike’s invoice value as opposed to its Insured Declared Value (less than the invoice value) in the case of a total loss (damage beyond repair or theft).

Ideal for those who often ride their Triumph bike with a companion. Such an add-on offers the pillion rider with a cover like the Personal Accident Cover for the owner/rider.

If you find yourself in a position where you need to raise a claim against your bike insurance policy, you need to follow the below-mentioned process. Note that the following steps are generic. Some insurers might have a specific process when it comes to settling claims.

Step 1: Contact your insurer via the applicable medium (website, mobile app, call, email, etc.) and inform them about the instance for which you want to raise a claim.

Step 2: Comply with the insurance company and provide essential details regarding your insurance policy and the incident for which you are raising a claim.

Step 3: Follow the stated process in terms of filing a claim and providing documentation if any.

Step 4: The claims inspector will have a look at the vehicle and ascertain the cost of repairs.

Step 5: Claim shall be settled via the Cashless or the Reimbursement process.