Planning to buy a Yamaha two wheeler anytime soon? Don’t forget to get your two wheeler insured. With Liberty General Insurance (LGI), you can buy a comprehensive two wheeler insurance policy.
Japanese motorcycle manufacturer Yamaha is one of the four big brands in the Japanese Domestic Market (JDM), the other three being Honda, Suzuki and Kawasaki. Apart from manufacturing motorcycles, Yamaha also builds marine products such as boats and outboard motors. It was originally under the umbrella of the Yamaha Corporation, but branched out as the Yamaha Motor Company under its founder, Genichi Kawakami.Read More
Why choose Liberty General Insurance for your Yamaha bikes?
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Top Yamaha two wheelers
The third version of this popular bike was recently launched by the manufacturer. The bike is powered by an air-cooled, fuel-injected 149cc single-cylinder engine which is capable of churning a torque of 13bhp and 12.8Nm. Designed to look like a racing bike, this one is a favourite among amateurs.
Yamaha MT 07
This superbike is likely to hit the stores in India in 2020. A mule was recently spotted during a test ride. The current model of this bike is powered by 689cc powerplant engine, which is likely to be upgraded in the latest version to meet the new emission norms.
From the Yamaha stable, Fascino is a lifestyle scooter seen on the Indian roads. It is powered by an 113cc air-cooled single-cylinder ‘Blue Core’ engine. It is capable of producing a maximum torque of 7bhp and 8.1Nm.
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Types of two wheeler insurance for Yamaha bikes
Liberty General Insurance offers two types of two wheeler insurances:
Own damage to two wheeler
Under the own damage to two wheeler insurance policy, you are covered for any financial liabilities or repair of your two wheeler as well as your medical treatment. The policy also covers theft of your bike. All expenses for repair of your Yamaha two wheeler, replacing parts of the vehicle, and other work for your two wheeler is taken care of by Liberty General Insurance. We will also look after the medical expenses for your treatment if you get injured in an accident.
What does own damage to two wheeler insurance policy not cover?
When opting for an own damage two wheeler insurance policy, you must be aware of what benefits you’re missing out on. Let’s take a look at what this policy does not cover:
- Damages to a third party vehicle (If you want coverage for both - own as well as third party damages then buy comprehensive bike insurance)
- Damage caused to a third-party property
- Injuries caused to other people in an accident
- Normal wear-and-tear of the vehicle
- Mechanical and electrical breakdown
- A vehicle being used other than in accordance with the limitations as to use. For example, if you use your two wheeler for commercial purposes.
- Damage to/by person driving without a valid driving license
- Loss or damage caused while riding under the influence of alcohol or any other intoxicating substance
- Consequential loss - if the original damage causes subsequent damage/loss, only the original damage will be covered
Third party Insurance
A third party insurance is mandatory in India under the Motor Vehicles Act of 1988. It is a criminal offence to ride without this policy. The policy protects you against expenses that arise when a third party is affected by an accident involving your bike. So any expenses for repairing a third party vehicle or property affected by an accident involving your Yamaha two wheeler is borne by Liberty General Insurance. Expenses for medical treatment of third party injured in the accident is also borne by Liberty General Insurance.
Liberty General Insurance allows you to add extra benefits to your insurance cover. They are called add-ons. Some add-ons available to you are:
- Depreciation cover
- Passenger assist
- Consumable cover
- Engine safe cover
- Key loss cover
- Roadside assistance cover
How do I pay my premium for new insurance policy for my two wheeler?
The easiest way to pay your premium is to do it online. LGI lets you pay your premium at the convenience of your home in a few simple steps. You can use your Credit Card, Debit Card or Net Banking to make the payment. You can also visit the nearest branch office of LGI if you wish to make the payment in person. With online option, you can save time and even get the soft copy delivered to your email, thereby allowing you to contribute to the Go-Green initiative. Those porting their bike insurance policy to Liberty General Insurance can visit here, and existing Liberty General Insurance customers can visit here.
Should I make a claim for every accident (even if it is minor)?
It depends on the level of damage done to your two wheeler. If the damage is insignificant, you choose to let it slide. Doing so will make you eligible for No-Claim Bonus. This gives you discounts on your premium. Judge the situation based on your need.
What things should I consider while renewing my insurance policy?
You can renew your insurance policy online with Liberty General Insurance by visiting our website. While renewing the policy, you need to consider the add-on insurance policies for better protection cover inclusive of depreciation cover, roadside assistance cover, consumable cover, engine safe cover, GAP value cover, etc. After the policy is renewed, you will get a soft copy of the same.
What are the factors that affect two wheeler insurance?
Factors that determine two wheeler insurance premiums include:
- Driving history
- Gender and age of driver
- Marital status
- Previous insurance
- Cubic capacity of engine
- Age of the vehicle
- Vehicle use
- Make, model and variant of your vehicle
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