Piaggio Insurance

Piaggio Insurance Price

The following table highlights some of the popular Piaggio models along with their third party insurance premium.

*Disclaimer: The third-party premium mentioned above is fixed by the IRDAI and is subject to change if you choose a comprehensive policy and add-ons.

Reasons to Buy Piaggio Insurance Policy

Here are the reasons to buy commercial vehicle insurance policy if you own a Piaggio vehicle:

• Law Mandate: As per the Indian Motor Laws, having an insurance policy is a legal obligation and would save you from hefty fines and traffic rules violations.
• Financial Back-up: An insurance policy offers legal protection and also offers you financial protection.
• Easy to Compare, Buy and Renew: You can easily compare, buy and renew your commercial vehicle insurance online on websites like policybazaar.com.

Types of Piaggio Insurance Policy

1. Third-Party Insurance

   A third-party vehicle insurance policy provides coverage only against losses and damages incurred to a third-party, property or person. A third party commercial vehicle insurance is mandatory as per the Indian Motor Laws and only covers damages caused to the insured vehicle.

2. Comprehensive Insurance

   A comprehensive insurance is not a legal requirement, but provides the maximum coverage. Under this insurance, policyholders get coverage against both third party liabilities and damages caused to the insured vehicle.

Piaggio Insurance: Add-Ons

You can purchase the following add-ons with your insurance policy at an additional premium to increase the coverage:

• Accessories Cover: The add-on provides coverage for damages caused to electrical/non-electrical accessories that are additionally-fitted and are not a part of manufacturer's initial listed price, such as fog lights, seat covers, etc.
• Personal Accident Cover: A personal accident (PA) cover is mandatory as per the IRDAI for the individual owner of at least ₹15 lakhs in case of death or disablement.
• IMT 23: The add-on covers damages caused to uninsured parts, such as tyres, tubes, mudguards, lamps, bonnet, side parts, bumpers, headlights, and painting damaged portions after deducting the depreciation costs.
• Zero Depreciation Cover: Your Piaggio vehicle depreciates every year as per its manufacturing year. When an insurer settles a claim, they deduct a depreciation cost as per the vehicle's age. The zero dep add-on ensures that there is no depreciation cost deducted in case of an accidental claim.

How to Buy Piaggio Insurance Online?

Buying an insurance policy online is a simple and quick process. You can follow the steps mentioned below to buy Piaggio insurance:

• Visit policybazaar.com
• Choose the 'commercial vehicle insurance' tab
• Fill the vehicle registration or click on ' I have a brand new vehicle'
• Choose the make, model, type of vehicle, variant, , RTO, and click on view prices
• All the plans will be displayed on the screen
• Choose the add-ons, IDV, and select the policy
• The policy you purchase will be mailed to the registered email address

How to Renew Piaggio Insurance Online?

You can use the steps mentioned below to renew your existing commercial vehicle insurance:

• Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited.
• Step 2: Choose 'commercial vehicle insurance' to renew your policy.
• Step 3: Fill the vehicle registration number and click on 'view prices'.
• Step 4: Cross check the vehicle details, fill in your name and phone number and click on submit
• Step 5: Select the NCB, IDV, add-ons, etc.
• Step 6: All the available plans will be displayed
• Step 7: Choose the insurance policy and pay the premium
• Step 8: Your policy will be instantly renewed and mailed on your registered email address.

How to File a Piaggio Insurance Claim?

You can file a claim using the steps mentioned below:

• Inform the insurer immediately.
• File an FIR to complete the claim process.
• A surveyor will assess the damages caused to any third-party person or property or your vehicle.
• After the surveyor's approval, submit all the required documents to the insurer.
• Your vehicle will be sent for repair after approvals and the insurer will settle the claim.

Documents Required for Piaggio Insurance Claim

You must submit the following documents to file a claim under the commercial vehicle insurance:

• Duly signed and filled claim form
• Estimate of the repair
• Copy of the driving license
• Copy of registration certificate
• Permit
• Load challan