Universal Sompo Own Damage Bike Insurance

Standalone own-damage bike insurance pays for damage to your own bike. It covers many situations like accidents, full damage, theft, Read More

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Premium coverage starts at ₹ 457*

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Standalone Bike Insurance v/s Third-Party Bike Insurance v/s Comprehensive Bike Insurance

Features	Own Damage Insurance	Third-Party Insurance	Comprehensive Insurance
Cover your own bike	Covers damages to your bike only	Not covered	Covers damages to both your bike and third-party liabilities
Third-party liability coverage	Not covered	Covers third-party property damage and injuries	Covers both third-party liabilities and own bike damage
Coverage for theft	Yes, bike theft is covered	Not covered	Yes, bike theft is covered
Coverage for natural disasters	Yes, covers natural disasters like floods	Not covered	Yes, covers natural disasters
Coverage for man-made events	Yes, covers vandalism and riots	Not covered	Yes, covers man-made events
Personal accident cover	Optional (through add-ons)	Not included	Available as an add-on
Premium cost	Moderate	Lower, as it only covers third-party liabilities	Higher due to broader coverage
Add-on covers available	Available (e.g., zero depreciation)	Not available	Available (e.g., engine protection, zero depreciation)
Legal requirement	Not required	Mandatory by law	Optional but highly recommended
Best for	Those wanting protection for their own bike	Those seeking basic, mandatory protection	Those seeking full coverage for bike, third-party, and theft

This insurance covers the following:Damage to your bike due to an accidentDamage caused by fire or explosionTheft or total loss of the bikeDamage caused by natural disasters like floods or earthquakesDamage caused by man-made disasters like riots or strikes

This insurance does not cover the following:Bike damage due to mechanical or electrical failureDamage caused by illegal riding, such as riding without a licenseNormal wear and tear of the bike over timeDamage that happens outside India

The benefits of buying this insurance are:It protects your bike from many problems like theft, accidents, fire, explosions, and natural or man-made disasters.If you do not make any claim in a year, you get a No Claim Bonus, which reduces your next premium.You can add extra covers (add-ons) to get more protection for your bike.