National Own Damage Bike Insurance

National Own-Damage Bike Insurance Policy & Key Features

The below table shows the key features of the National own-damage bike insurance policy:

*Disclaimer: The above table is for reference purposes only. To know the exact coverage, refer to the National own-damage two-wheeler insurance policy wordings.

Why Choose National Own-Damage Bike Insurance?

As the name suggests, an OD (own-damage) bike insurance plan only covers damages caused to a bike. However, this type of two wheeler insurance can be purchased with a compulsory third-party bike insurance policy to receive comprehensive coverage.

There are three compelling reasons to opt for National own-damage bike insurance:

1. Comprehensive Coverage: It provides extensive protection against damages to your bike beyond what is covered by a mandatory third-party bike insurance policy in a road accident.
2. Enhanced Financial Security: This policy protects your investment in your bike against unforeseen events such as theft, total loss, natural calamities, and man-made disasters.
3. 24x7 Customer Assistance: The company offers 24x7 live chat support for customers seeking assistance related to buying, renewing, or raising a  bike insurance claim online.

Inclusions of National Own-Damage Bike Insurance

The National own-damage bike insurance typically covers the damages or losses caused to an insured vehicle due to the following instances:

• Accidents or collisions
• Theft
• Fire
• Natural calamities like earthquakes, floods, etc.
• Riots and strikes
• Malicious acts

Exclusions of National Own-Damage Bike Insurance

Exclusions of the National own-damage bike insurance are as follows:

• Wear and tear
• Mechanical or electrical breakdown
• Damage when driving under the influence of alcohol or drugs
• Non-compliance with legal requirements
• Third-party liabilities arising in a road accident

How to Buy National Own-Damage Bike Insurance Online?

You can purchase the National own-damage bike insurance online through Policybazaar Insurance Brokers Private Limited with these steps:

• Step 1: Visit Policybazaar.com and navigate to the Own Damage Bike Insurance button on the 'Insurance Products' drop-down menu.
• Step 2: Enter the details of your bike and click 'View Prices'.
• Step 3: Compare various plans available and select the National own-damage bike insurance.
• Step 4: If necessary, customize your plan with add-ons like zero depreciation cover, engine protection cover, etc.
• Step 5: Proceed to payment, complete the purchase process, and receive the policy copy at your registered email ID.

How to Raise National Own-Damage Bike Insurance Claims?

To file a claim under the National own-damage bike insurance, follow these steps:

For Cashless Claims

• Step 1: Contact the insurer's customer service or visit their website to initiate a cashless claim.
• Step 2: Download the claim form, fill it out, sign it, and submit it with the mandatory documents.
• Step 3: Follow the insurer's guidance for inspection and repair at the authorized network garage.
• Step 4: The insurer will pay or settle the repair bills directly with the insurer, as you have chosen a cashless claim process.

For Reimbursement Claims

• Step 1: Inform the insurer immediately after the incident.
• Step 2: Fill out, sign it, and submit the claim form with the necessary documents.
• Step 3: Await approval as the insurer verifies documents, including the estimated repair bill, and checks the assessment report made by the surveyor.
• Step 4: Send the bike for repairs to any nearby garage and settle the repair bill. Later, the insurer will reimburse the amount to your registered bank account.

Documents Required to Raise National Own-Damage Bike Insurance Claims

The general documents required for raising National bike insurance claims include the following:

• Duly filled claim form
• Copy of bike registration certificate (RC)
• Police FIR in case of theft
• Repair bills and payment receipts
• Any other documents as required by the insurer

FAQs About National Own-Damage Bike Insurance Policy