Universal Sompo Own Damage Bike Insurance Policy

Universal Sompo Own Damage Bike Insurance Policy - Key Features

The key features of Universal Sompo own-damage two-wheeler insurance policy are included in the form of a table below:

*Disclaimer: The key features in the table are only for reference purposes. Please read the policy wording carefully to understand the exact coverage details.

Why Choose Universal Sompo Own Damage Bike Insurance?

Opting for Universal Sompo own-damage two-wheeler insurance policy ensures that your two-wheeler is financially protected from unexpected expenses arising from theft, road accidents, and both natural and man-made disasters.This bike insurance policy should be purchased alongside mandatory third-party bike insurance policy in order to get comprehensive protection for your vehicle.

The following are the benefits of a bike own-damage insurance policy:

• Comprehensive Coverage: Universal Sompo OD bike policy provides comprehensive coverage by protecting your bike against theft, accidents on the road, and damage caused by natural or man-made disasters.
• No Claim Bonus (NCB): Policyholders are rewarded with a No Claim Bonus (NCB) for every claim-free year, which reduces the subsequent year's premium and encourages safe driving.
• Hassle-free Claim Process: Universal Sompo General Insurance Company Limited ensures an efficient claim settlement process, making it easier and quicker for policyholders to get their claims processed and reimbursed without unnecessary delays.

Inclusions of Universal Sompo Own Damage Bike Insurance

The coverage provided by the Universal Sompo bike insurance policy includes the following:

• Covers the cost of repairs or replacement if your vehicle is damaged in a road accident.
• Compensation is provided for any damage incurred while transporting the bike by road, rail, air, or elevator.
• Compensates for damages or losses resulting from man-made disasters like terrorism, strikes, riots, and war.
• Offers financial coverage if the two-wheeler is stolen.
• Provides financial compensation for damages or losses caused to your bike by natural disasters such as hailstorms, earthquakes, floods, and similar events.
• The policy protects your bike against damages due to fire, explosion, or self-ignition.

Exclusions of Universal Sompo Own Damage Bike Insurance

The Universal Sompo own-damage two-wheeler insurance policy excludes the following:

• Regular wear and tear of the bike.
• Damage caused to third-party vehicles or property.
• Any injury caused to a third party involved in an accident.
• Any electrical and mechanical breakdown.
• Situations where the rider is under the influence of alcohol or other intoxicating substances.
• Damages if the bike is used in ways not permitted by the policy.
• Incidents where the rider lacks a valid driving license, bike insurance policy, or Registration Certificate (RC).

How to Buy Universal Sompo Own Damage Bike Insurance Online?

Follow these steps to purchase Universal Sompo own-damage bike policy online:

• Step 1: Visit Policybazaar.com and find the 'Insurance Products' option in the top menu.
• Step 2: Select the 'Own-Damage Bike Insurance' option to continue the purchase process.
• Step 3: Enter accurate information about the 2-wheeler and click the 'View Prices' button.
• Step 4: Select 'Universal Sompo Own Damage Bike Insurance'.
• Step 5: Fill in the required information correctly.
• Step 6: Complete the purchase by paying the policy premium online. The OD bike insurance policy will be sent to your registered email ID.

How to Raise Universal Sompo Own Damage Bike Insurance Claims?

Here's how to file a claim for Universal Sompo own-damage (OD) bike insurance policy:

• Step 1: Notify your insurance provider about the incident as earliest as possible.
• Step 2: Download the claim form from the insurer's website and fill it out correctly.
• Step 3: Send the completed claim form along with supporting documents to the insurance provider.
• Step 4: The insurance company will assign a surveyor to assess the damage to your two-wheeler.
• Step 5: The insurer will decide whether to approve or reject your claim based on the assessment report provided by the surveyor.
• Step 6: If approved, you can get cashless repairs at the insurer's network garages. Alternatively, you can get your bike repaired at a non-network garage and later get reimbursed for the bill.

Documents Required for Universal Sompo Own Damage Bike Insurance Claim

The documents needed to file a claim for Universal Sompo own-damage (OD) bike policy are as follows:

• Fully completed and signed claim form
• Two-wheeler's Registration Certificate (RC)
• Copy of FIR report (if applicable)
• Universal Sompo OD bike insurance policy document
• Rider's valid Driving Licence (DL)
• Any other documents requested by the insurer