Zurich Kotak Third Party Bike Insurance

Zurich Kotak Third-Party Bike Insurance vs Comprehensive Bike Insurance

What Is Covered Under the Zurich Kotak Third-Party Bike Insurance Plan?

The bike insurance plan covers the following things:

• Cover for partial or total loss or damage:Zurich Kotak third-party bike insurance policy offers protection for the partial or total loss of a third party vehicle due to collision.
• Personal accident cover:The cover includes both driver and owner of two-wheeler as beneficiaries. The cover is offered in case the rider suffers any injury in an accident.
• Zurich Kotak bike insurance third party cover:The cover is offered to bear costs if the owner or diver of the bike incurs accidents that make the third party the victim. In that context, the insurance cover helps to bear the expenses for legal action.
• Premium:The policyholders are required to pay annual premiums. However, they would not be required to pay an increased premium as per the revisions of Zurich Kotak third party cover bike insurance renewal liability rate if they opt for insurance of 2 or 3 years tenure.
• Multiple-tenure:To offer more feasible third party bike insurance, Zurich Kotak has set policy tenure for either 1, 2, or 3 years.
• No-claim bonus:The policyholders can claim attractive bonuses based on their past claim history and overall policy management.
• Additional discounts: The active members of the Automobile Association of India (AAI) can get additional discounts on the insurance plan.

What Is Not Covered Under Zurich Kotak Third-Party Bike Insurance Plan?

The following incidents are excluded from the Zurich Kotak (formerly known as Kotak) Third-Party Bike Insurance policy:

• Damage of car due to war, nuclear risk, or mutiny
• Damage of car due to depreciation, ageing, or consequential loss of the vehicle
• Damage while drunk driving or without a valid license
• In case the two-wheeler is used beyond its limitations

Expert’s Verdict

Zurich Kotak Third Party Bike Insurance is effective for bike owners who want to buy a helpful but cost-effective policy. It ensures key necessities of the rider, such as individual protection in the form of the personal accident cover and third-party liability protection. The policy offers these benefits at considerable premiums. However, it will not offer additional benefits to enhance the coverage for ensuring higher protection.

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