Edelweiss Comprehensive Bike Insurance

Edelweiss Bike Insurance

The Edelweiss Comprehensive Bike Insurance has a plethora of benefits along with third-party coverage benefits. Some of the advantages of the insurance are that it covers damages of the policyholder's vehicle and a third party vehicle, person, or property. With further add-ons, the benefits can be enhanced with only a minor increase in the premium rates.

Benefits of Edelweiss Comprehensive Bike Insurance Policy

The Edelweiss Comprehensive Bike Insurance has a plethora of advantages. A few of them include coverage of the policyholder's vehicle and property of the third-party. Comprehensive Insurance is optional. It is not mandatory to carry while riding, although third party insurances are mandatory to be carried by the Government.

If the person fails to carry the insurance, there can be a penalty and even imprisonment of up to 3 months. No such penalties are imposed for comprehensive insurances.

Edelweiss Comprehensive bike Insurance policy also has various add-ons that will further strengthen the protection of the vehicle. One can also add extended coverage that will cover the pillion rider in the event of a mishap. Such add-ons are absent for third party insurances.

Edelweiss Comprehensive Bike Insurance VS Third-Party Bike Insurance

The following table lists out the significant differences between the two insurances:

What is covered under Edelweiss Comprehensive Bike Insurance?

Edelweiss Comprehensive Bike Insurance covers various incidents and accidents. The ones that are of prime importance and concern to any person while purchasing the insurance are listed.

 The company will indemnify the policyholder as and when the bike is damaged under the conditions:

• Damage due to fire explosion, self-ignited or by lightning
• Burglary, theft
• Damage to the vehicle due to riots and strikes
• Fire and Shock damage due to natural calamities like Earthquake
• Damage due to Floods, Typhoon, Hurricanes, Cyclones, Frost, Hailstorm, etc.
• Damage due to malicious activities
• Damage due to terrorist activities
• Damage due to landslide or rockslide

Apart from the conditions mentioned above, the bike is also liable to depreciate as it ages, and various depreciation percentages will be applied to each part. To avoid this, one can also purchase an add-on with Zero Depreciation and get the most out of the insurance. Many such add-ons extend the coverage of the Edelweiss Comprehensive Bike Insurance.

What is not covered under Edelweiss Comprehensive Bike Insurance?

The exclusions under the Edelweiss Comprehensive Bike Insurance policy are as follows:

• The policy shall be deemed void if the bike is used for purposes other than mentioned while purchasing the policy
• If the bike meets with an accident and the bike is ridden by any person other than the one mentioned in the driver's clause
• The insurer shall not cover any contractual liabilities
• No compensation will be paid out if the damage is incurred due to radioactive or nuclear activity
• Any accidents that are a direct result of the policyholder being under the influence of psychedelics, drugs or alcohol