About Two Wheeler Insurance in Chennai
Two-wheeler count in the country has gone up by a whopping 150% in less than a decade and Chennai ranks third among Indian cities with largest two-wheeler density. In fact, every second person in Chennai owns a two-wheeler. Going by 2018 figures, every one hour saw 35 new two-wheelers rolling on to Chennai roads. It could be a motorcycle, scooter, moped or a Scooty, the two-wheeler is a popular mode of doing business or transport for men and women of all age groups here.
Transport authorities attribute the two-wheeler boom in Chennai to various reasons. Poor public transportation systems as well as the costly and unreliable cab, autorickshaw services top them. Parking constraints could be another reason. But there are some positive factors too. Two-wheelers offer last-mile connectivity to every nook and corner, saves time and is fuel-efficient. Easy availability of two-wheeler loans also plays a major factor. Furthermore, Chennai has been victim to torrential and cyclonic rains that have damaged vehicles across the city, making two-wheeler insurance in Chennai absolutely necessary.Read More
Why choose Liberty General Insurance for two wheeler insurance in Chennai?
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Types of two wheeler insurance in Chennai available
Third Party Insurance
Having a third-party insurance is mandatory as per the Motor Vehicle Act of 1988. Driving your two wheeler in Bengaluru, and other parts of the country without third-party insurance is punishable by law.
A comprehensive insurance policy includes a mandatory third-party policy, as well as an own damage to two wheeler and an add-on cove.
Own damage to two wheeler
The Own damage (OD) to your bike policy will ensure that your bike will stay covered against damage that it may face in case of an accident of theft. If you have an own damage to your two wheeler policy, then you will be compensated for the following:
- by fire explosion self-ignition or lightning
- by burglary housebreaking or theft
- by riot and strike
- by earthquake (fire and shock damage)
- by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost
- by accidental external means
- by malicious act
- by terrorist activity
- whilst in transit by road rail inland-waterway lift elevator or air
- by landslide rockslide
What own-damage insurance does not cover?
- Damage to third-party vehicle
- Damage to third-party property
- Injuries to other people in an accident
- Normal wear and tear
- Mechanical or electrical breakdown
- In case you use your private bike commercially
- Driving under the influence of alcohol or drugs
- Driving without a licence
- Consequential loss.
Liberty General Insurance gives you the option to choose various add-on covers. These include
- Depreciation cover
- Passenger assist
- Consumable cover
- Engine safe cover
- Key loss cover
- Roadside assistance cover
Advantages of owning a two wheeler in Chennai
Advantages of owning a two wheeler
- Quick getaway to places such as Pondicherry
- Easy to maneuver through traffic
- Quick way to get from Point A to Point B
Is two-wheeler insurance mandatory in Chennai?
Be it Chennai or Delhi, third-party two-wheeler insurance policy is a statutory requirement across India as per the Motor Vehicles Act, 1988. Even riding a bike without a third-party motor cover is an offence punishable by law.
How can we get online bike insurance quotes?
Getting quotes online for two-wheeler insurance is simple. You just need to visit LGI website and use the instant quote generator. You will have to fill in those required fields, such as vehicle model, registration number, etc in an easy process. You can also make an online purchase of insurance policy for your two-wheeler.
What are the documents required to settle a claim?
If you raise a claim, you are required to provide your insurance policy number, contact number, time and date of the accident, your vehicle number, and accident location. Other information includes the name of the policyholder, model and make of the two-wheeler, and a description of how the accident took place. You will also need to provide garage details where your vehicle is located. In case of third-party injury, details of the contact of third-party need to be submitted. You will also need to submit proof of insurance, tax receipt, registration book, the driver’s licence of the insured driver, an FIR (in case of third-party liability), estimated cost of repair from the garage. In case you have made the payment, you will be required to submit repair bills and receipts, as well as a claims discharge-and-satisfaction voucher signed across a revenue stamp (Only for a cashless claim).
To visit our office in Chennai, click here.