Triumph Street Twin Bike Insurance

Can I get a discount on Third-party Liability insurance?

No, such a discount is not possible as the rates for a liability-only policy are determined by the Insurance Regulatory and Development Authority of India. However, you can get a discount on the ‘own damage’ component of a Comprehensive Plan thanks to No Claim Bonus, Anti-theft Devices, and making an informed purchase decision by comparing premiums across insurers.

Is bike insurance mandatory only in cities?

Bike insurance is mandatory all over India if you are riding your two-wheeler on a public road. Failing to insure your bike can lead to penalties.

Do second-hand two-wheelers also need to be insured as per the law?

Be it a new bike or a second-hand one, if the two-wheeler is used to ride on public roads, then it needs to be insured with at least the basic liability-only policy. Going for a Comprehensive Plan is optional.

Does buying a policy guarantee that any kind of damage to the bike shall be repaired by the insurer?

Buying an insurance policy is not a guarantee for claim settlement. It is the first step to it. The insurer will pay for repairing the bike if the incident that caused the damage is mentioned in the policy’s list of inclusions.

Is it possible to buy a mandatory cover and the Pillion Rider Add-on?

No, add-ons can only be bought with a Comprehensive Plan. They are add-ons to the Comprehensive Plan and not standalone plans.

Will the insurance company cover for damages resulting out of vandalism?

Yes, a Comprehensive Plan does offer a cover against vandalism. However, make it a point to verify this before buying the policy as different insurers might have different clauses related to vandalism.

Can I buy an insurance policy wherein I am charged for it only when I ride the bike?

Commonly offered bike insurance policies cover the policyholder for a year. There are Pay As You Drive policies that are based on the distance travelled by bike. You will have to discuss your requirement directly with an insurer as it is a specific query.

Who decides the premium charged for the add-on covers?

The insurance companies are free to decide the premium charged for add-on covers. Some insurers might bundle some add-ons as a part of their services or include it in their Comprehensive Plan. Read the inclusions of the policy for better clarity.

Is buying online bike insurance legal?

Yes, buying online bike insurance is legal. The policy offered by a certified online insurer is a valid one.

Can I renew bike insurance from my mobile?

Yes, you can renew bike insurance using your smartphone’s browser or by downloading the insurance company’s mobile app.

Does the Street Twin need any special kind of insurance because it is an expensive bike?

If you are worried about damages to an expensive bike, a Comprehensive Plan with add-ons such as Zero Depreciation and Engine Cover should be worthwhile.

I plan to use the Street Twin for extensive road trips across India. Which add-ons should I buy?

If you plan to go on extensive road trips, you should consider an Engine Cover, No Claim Bonus Cover, and a Zero Depreciation Cover. If you plan to ride with a pillion rider, then opt for a Pillion Rider Cover as well.

I did not have a good experience with my insurance provider when I raised a claim. Can I change my insurer while renewing the policy?

Yes, you have the option of switching insurers while renewing the bike insurance company. Make sure to check the authenticity and service quotient of the insurer by researching online.

The Street Twin is a costly bike, so shouldn’t the brand itself provide insurance for it?

Insurance is supposed to be purchased by the bike owner in India. The brand does not offer it, even for expensive bikes. The bike dealer can suggest a plan but it is up to you if you want to go ahead or continue with the plan while renewing it.