HDFC ERGO Own Damage Bike Insurance

This bike insurance helps protect you from losing money if your bike is damaged. The amount of protection you get depends on Read More

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Premium coverage starts at ₹ 457*

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But, if you also get your own damage insurance, it covers more situations like accidents, fires, theft, and natural or man-made disasters. To make sure you can pay for repairs and replace parts, it's important to have your own damage insurance along with your basic third-party insurance.

HDFC Ergo Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Premium Calculator Policy Download Customer Care

Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance

Feature	Standalone Own Damage Insurance	Third Party Insurance	Comprehensive Insurance
Coverage	Covers damage to your own bike only.	Covers damages or injuries to others only.	Covers both your own bike and third parties.
Legal Requirement	Not required by law.	Mandatory by law for all bike owners.	Not mandatory but offers extensive coverage.
Cost	Moderately priced; depends on coverage.	Usually less expensive.	More expensive due to broad coverage.
Protection against theft and damage	Covers theft and damage to your bike.	Not covered.	Covered.
Protection from natural disasters	Covered.	Not covered.	Covered.
Add-on available	Add-ons available for enhanced coverage.	Limited or no add-ons.	Several add-ons available.
Ideal for	Good for new or expensive bikes.	Required for legal compliance.	Best for comprehensive protection.

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What's Covered and What's Not in HDFC ERGO Own Damage Bike Insurance Policy

What it Covers

Accidents
When your bike is damaged in an accident, this insurance will pay the replacement costs.
Fire & Explosion
If the bike is damaged by fire or explosion, and due to this the motorcycle is damaged, this insurance will be used to settle the costs.
Theft
If your bike gets stolen, this insurance covers the loss.
Calamities
If natural disasters damage your bike, this insurance helps without putting pressure on your finances.

What Does it not Cover

Damage to Others
This insurance does not cover damage caused to other people. For instance, if your bike happens to damage someone else, then you need third-party insurance.
Wear and Tear
The natural decrease in your bike’s value over time, known as depreciation, is not covered.
Breakdowns
Any electrical or mechanical problems that happen because of the bike’s condition are not covered.
Illegal Riding
If you ride under the influence or without a valid license, this insurance won't cover any damages.

Disclaimer: Please refer to your policy documents to know the exact coverage.

How to Buy HDFC ERGO Own Damage Bike Insurance From Square Insurance

Step 1
Visit the Square Insurance website at "https://www.squareinsurance.in/".
Step 2
Click on "Bike Insurance" found under the "Insurance Products" section.
Step 3
If you have a new bike, click on "Got a New Two-Wheeler."
Step 4
If your bike is not new, enter your bike's registration number, then click "View Plans."
Step 5
Fill in details like RTO, make, model, variant, and the year your bike was registered.
Step 6
You will see different plans on the screen. Choose one from HDFC ERGO.
Step 7
Pay for the plan you picked, and you'll get your insurance policy by email soon.