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What is basic own damage premium in bike insurance


A standalone own damage bike insurance is a type of two-wheeler insurance plan wherein the policyholder receives protection for their own insured bike against any losses or damages incurred due to an accident or mishap. Read More. View Plans. Bike insurance starting from Rs.482/year*

What is the meaning of own damage in bike insurance?

Own damage bike insurance cover refers to a type of two-wheeler insurance policy that provides protection only for your insured two-wheeler in case of any losses or damages caused to it. For example, the damages may occur due to an accident, natural calamity, vandalism, theft, riots, collisions, etc.

Which insurance is best for bike own damage?

What is Own Damage Premium? An Own Damage Premium is the price you pay for your OD insurance. The premium price for the same is usually determined based on the type of vehicle you own; how old it is and the city you use it in.

What is the meaning of own damage premium?

A zero depreciation is an additional cover that policyholders can purchase along with their own damage or a comprehensive car policy only. This add-on can be purchased by paying some extra premium amount to cover the depreciation sustained by the insured car as per its age.




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