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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 are available. |
| Ideal for | Good for new or expensive bikes. | Required for legal compliance. | Best for comprehensive protection. |
Bike Insurance Plans By Royal Sundaram
What Is Covered and Not Covered Under Royal Sundaram Standalone Own-Damage Two-Wheeler Policy?
What it Covers
Royal Sundaram standalone own-damage two-wheeler insurance pays for damage to your bike in these cases:
If the damage is caused due to road accidents.
If the damage is caused by fire or explosion.
Loss if the bike is stolen or damaged beyond repair.
If the damage is caused by natural disasters or man-made events.
What Does it not Cover
This insurance does not pay for losses in these cases:
Damage due to mechanical or electrical breakdown
Illegal riding or wrong use of the bike
Loss in value due to normal wear and tear
Damage that happens outside India
Benefits of Royal Sundaram Standalone Own-Damage Two-Wheeler Insurance Policy
Here are some benefits of buying Standalone own-damage bike insurance from Royal Sundaram:
- 01
This insurance protects your bike in many situations by paying for damage to your own bike.
- 02
If you do not make a claim in a year, you get a No Claim Bonus. This helps reduce your premium.
- 03
You can add extra coverage to the policy to get better protection for your bike.