Buying Insurance For Imported Bikes In India

When it comes to owning motorbikes, some motorcyclists and collectors may aspire to possess a specific model or variation unavailable in India. They may care about a bike’s popularity and desirability despite the higher cost of importation. 

Well, you should know that owning an imported bike entails getting insurance to ride it on Indian roads.   

What Is Insurance For Imported Bikes?

Imported bike insurance does not refer to a specific kind of bike insurance. Insurance for two-wheelers that are imported is comparable to online insurance for bikes that are made domestically or locally. Since imported bikes are not made in the nation, their parts must usually be replaced or repaired at a considerable expense. Owing to these requirements, insurance companies might provide policies at a marginally higher cost than a bike made locally.

It makes sense to add worthwhile add-on covers to the comprehensive bike insurance plan to expand its coverage because replacing or repairing parts now comes with a higher price tag. It assists in reducing losses that are not protected by the primary plan. You can use a two-wheeler insurance premium calculator to check the costs of premium to be paid.

Insurance For Imported Motorcycles In India

Every scooter and motorbike must have third-party liability plan (TP) insurance. As a result, you must obtain third-party bike insurance for your bike. However, because Comprehensive Bike Insurance includes both the own damage (OD) and TP cover components, it is the ideal option for many reasons. Claims are subject to terms and conditions set forth under the motor insurance policy. *

These are the observations regarding import bike insurance:     

  • Add-ons should be included to expand the policy’s reach.
  • If necessary, select a lower premium with a higher voluntary deductible.

What Is Covered By Insurance For Imported Bikes?

Bikes imported are insured in the same way as domestic bikes. Although imported bikes must have third-party online insurance for the bike, comprehensive bike insurance provides more extensive coverage. 

These are the specifics of the comprehensive plan’s coverage:     

  • Damage sustained in an accident to your scooter or bike.
  • Your imported bike is stolen.
  • Natural disaster-related damage to your imported bike (earthquakes, floods, etc.).
  • Man-made disaster-related damage to your imported bike (vandalism, riots, etc.).
  • Coverage for the damage that is irreparable (total loss).
  • Any selected add-on covers for losses or damages. 

Claims are subject to terms and conditions set forth under the motor insurance policy. *

Advice Before Purchasing Bike Insurance For Imported Bikes

Here are some suggestions to help you choose the ideal insurance plan if you want the proper coverage for your imported bike.

  • Select the comprehensive bike insurance option to cover losses or damages to your bike and third-party liabilities.
  • You can purchase bike insurance add-on covers to expand the primary policy coverage when you select the Comprehensive plan.
  • Compare several quotes before deciding on an insurance plan to determine the right amount of coverage for your imported bike.
  • Select an online insurance provider to access your policy and complete your transactions quickly. It lets you purchase, carry out your bike insurance renewal, and file claims all at once.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Leroy Auyeung

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