What is FAB Motors Insurance
FAB Motors is a renowned motorcycle manufacturer specialising in small and medium-sized bikes. They produce high-performance bikes and commuter models are known for their performance and style. To ensure the safety and maintenance of your bike, you must get comprehensive Fab Motor insurance policy to secure your two-wheeler against the risks of third-party liabilities, own damage, theft, fire, natural disaster damages, etc.
About FAB Motors
Fabulous & Beyond (FAB) Motors India Private Limited is a Telangana, Hyderabad motorcycle manufacturer, operating since 2014. Known for their durability and reliability, FAB Motors sells, maintains, and repairs motorcycles, along with related parts and accessories. Their line-up includes the stylish 150cc Street Bike XP and JF models, high-performance 200cc Sports Bikes- DLS and LV, cruiser bikes under the Regal Raptor brand name and budget-friendly 125cc commuter models.
Popular FAB Bike Models with Bike Insurance Prices
| FAB Bike Models | Zero Dep Cover * (Add-on Cover) | Estimated FAB Bike Insurance Price (1+5) Bundle Policy |
| FAB Bobber | ₹240 | ₹7,580 |
| FAB Daytona | ₹240 | ₹7,580 |
| FAB DDE 9B | ₹240 | ₹7,580 |
*Disclaimer: The insurance premium process for the FAB Motor vehicles will depend on registration year, geographical location, chosen add-on covers, make, model, brand, ex-showroom price, and Insured Declared Value (IDV). Premiums can differ significantly between various insurance providers.
FAB Motors Bike Insurance Calculator
The FAB Motors insurance premium calculator offers a quick and convenient way to estimate the cost of insuring your two-wheeler. Simply use the free, user-friendly online tool available on Policybazaar.com to instantly calculate your premium. By entering the below key details, you'll receive an accurate estimate within minutes:
- Make, model, and features
- Registration year and RTO location
- The ex-showroom price of bike
- Previous claim history (if applicable)
Coverage Under FAB Motors Bike Insurance
- Inclusions
- Exclusions
- The FAB Motors insurance policy offers coverage for the following situations of damage or loss:
- Liability coverage for any third-party damages caused by accidents involving your insured motorcycle.
- Protection against damages resulting from human actions such as riots, vandalism, or strikes.
- Coverage for natural disasters, including earthquakes, floods, cyclones, landslides, and typhoons, ensuring your motorcycle is safeguarded during such events.
- Accident compensation for loss or damage due to traffic collisions or other road accidents.
- Theft and burglary coverage, if the insured bike suffers complete or partial loss of the bike in cases of theft, burglary, or accidents.
- Protection from fire incidents, covering any damage or destruction caused by fire, and keeping you prepared for unexpected incidents.
- The policy will not provide coverage in the following circumstances:
- Claims involving damage due to negligence, intentional acts, or incidents caused by civil unrest or nuclear conflict.
- The policy is invalid if you or the rider are involved in an accident while under the influence of alcohol or drugs.
- Routine wear and tear or mechanical breakdowns due to regular use will not be covered by the policy.
- Your claim will be denied if you fail to present crucial documents such as a valid driver's license, registration, insurance, or a pollution under control certificate (PUCC).
- Claims cannot be processed if the policy has expired.
- Claims will be denied if the insured bike sustains damages when operated beyond the geographical limits stated in the policy.
*Disclaimer: Read the policy document to understand the extent of inclusion and exclusions in your policy.
How to Buy/Renew FAB Motor Insurance Online?
You can easily secure insurance for your newly purchased or existing bike through Policybazaar.com by following these steps:
- Step 1: Head to PolicyBazaar.com and navigate the 'Bike Insurance' option under the 'Insurance Products' tab.
- Step 2: If you're renewing your policy, simply input your bike's registration number. If you're buying insurance for a new bike, click on the 'Bought New Bike' option.
- Step 3: Fill in all the necessary details on the form, ensuring the information provided is accurate.
- Step 4: Review and compare quotes from various insurers to find the best policy that fits your requirements and budget.
- Step 5: Choose between comprehensive coverage or third-party bike insurance, depending on your needs. You can also opt for additional add-ons for extended protection.
- Step 6: Pay the premium online using any available payment method. Once done, you'll receive your FAB bike insurance policy via email.
FAB Motors Bike Insurance Add-ons
You can further customise your basic FAB Motor Insurance cover with multiple add-ons/riders. Here are some convenient options:
- Zero Depreciation Cover
- NCB (No Claim Bonus) Rider
- Return-to-Invoice Cover
- 24x7 Roadside Assistance
- Consumable Cover
- Engine Protection
- Personal Accident Cover
How to File a FAB Motors Insurance Claim Online?
If your FAB Motor two-wheeler is involved in an accident or sustains damage, follow these steps to file a bike insurance claim:
- Step 1: Immediately notify your insurer about the accident or damage to initiate the claim process.
- Step 2: A surveyor appointed by the insurer will visit to inspect your UM Motorcycle and assess the damage.
- Step 3: The surveyor will prepare and send a detailed damage report to your insurance provider.
- Step 4: You will need to submit the necessary documents, including your ID, claim form, and policy information, for claim verification.
- Step 5: Upon approval, send your bike to a network garage for cashless repair services.
- Step 6: For cashless claims, the insurer will directly cover the repair costs with the network garage. If you choose a non-network garage, you'll need to pay for the repairs upfront and then submit the bill for reimbursement to your registered bank account.
Documents Needed for a FAB Motor Insurance Claim
To file a FAB Motor insurance claim, make sure to have the following documents with you:
- A filled-out and signed claim form
- Your policy document
- The motorcycle's registration certificate (RC)
- A valid driving license (DL)
- FIR or police report (if applicable)
- An estimate of repair costs or invoice of repair
- Photos showing the damage to your motorcycle
FAB Motors Insurance FAQs
-
Q. How can I determine the premium amount for my FAB bike insurance?
Ans: The key determinant of your FAB bike insurance is the cc of the bike. The higher the cc, the more the monthly instalments are. You can easily determine the premium rates for FAB two-wheelers using the free online premium calculator at Policybazaar.com. -
Q. What is the annual insurance for FAB motorbikes?
Ans: An annual insurance policy offers coverage for a year or 12 months starting from the date of purchase of the policy. After paying the initial premium, your FAB Motors bike remains insured for a full year. -
Q. Can I fulfil my FAB Motors insurance premiums monthly?
Ans: Yes, you can easily opt for monthly premium plans for your FAB Motors insurance coverage, making it easier to manage payments while maintaining coverage throughout the year. Choose your desired premium payment cycle online at Policybazaar.com. -
Q. How is insurance calculated?
Ans: The model, age, engine capacity, location, claim history, and coverage type of the FAB Motors bike influence the insurance rates. The final premium is also impacted by any additional coverages like roadside assistance or zero depreciation.
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