Yamaha R3 Insurance

Yamaha R3 Variant with Insurance Premium

Yamaha R3 insurance for the STD variant is available from various insurers. Let us look at the best Yamaha R3 bike insurance price and also the expected zero-dep add-on cost:

*Disclaimer: The premium amount mentioned in the table above is for reference only. The Yamaha R3 insurance renewal price can vary depending on deductibles, add-ons, Insured Declared Value (IDV), and the city of registration.

Reasons to Buy Yamaha R3 Insurance Online from Policybazaar.com

Policybazaar.com is a trusted online platform for purchasing Yamaha R3 insurance. If you too want to buy a two-wheeler insurance, then here are some of the benefits that you will avail:

• All-around Protection: A comprehensive insurance policy provides all-around protection against both third-party liabilities and own damage.
• Hassle-free Claim Support: Be it a reimbursement claim process or a cashless claim process, you will receive guidance through the entire process.
• 24/7 Road Assistance: If you get stranded in a remote location due to an engine breakdown, flat tyre, or other issues, you can avail of roadside assistance on the go.
• Cashless Facility: Now, you don't need to worry about making a payment upfront for any repair. Take the vehicle to a network garage for cashless repairs.
• No Claim Bonus (NCB): Enjoy up to 50% discounts on premiums while you are renewing your policy with a No Claim Bonus (NCB) if you have not made a claim in the policy.
• 24/7 Customer Support: Get any assistance or answers to your queries about your vehicle insurance by simply calling 1800-258-5970.

Disclaimer: The Yamaha R3 insurance inclusions and exclusions can vary from one insurer to another. Hence, it is necessary to know all the details before purchasing the policy.

Yamaha R3 Insurance Add-ons

You can upgrade the Yamaha R3 insurance with add-ons that are essentially additional covers, which increase the coverage. Below are some add-ons under two-wheeler insurance which are highly recommended:

• Consumables Cover: The cost of consumables, such as grease, lubricant, engine oil, fuel filter, brake oil, etc, is not covered in a general policy. However, if you have this add-on, coverage for consumables is provided.
• Zero Depreciation Cover: Depreciation will not be considered when settling claims for the repair or replacement of bike parts, provided you have this add-on in your policy. Complete repair and replacement costs will be covered.
• Personal Accident Cover: This add-on ensures that financial assistance is provided in the event the policyholder becomes disabled or dies due to an accident.
• Accessories Cover: Typically, accessories are not covered in a comprehensive policy. However, with this add-on in the policy, the electrical and non-electrical accessory damage will be covered.

How to Buy or Renew Yamaha R3 Insurance Online?

With Policybazaar.com, buying or renewing Yamaha R3 insurance can be done in just a few minutes. Here is how you can also do it with a few simple steps:

• Step 1: Visit Policybazaar.com, and then you have to choose the 'Bike Insurance' option.
• Step 2: Next, for the renewal of your Yamaha R3 insurance, enter your bike details and click on 'View Prices'. For a new policy, you can click on the 'Bought a new bike' option and select details such as RTO, bike model, fuel variant, etc.
• Step 3: Now, either select a comprehensive policy or third-party bike insurance.
• Step 4: For better coverage, consider adding optional add-ons such as personal accident cover or consumable cover.
• Step 5: You can find several insurance plans for the Yamaha R3. You can finalise one as per your preference.
• Step 6: After making the premium payment, the policy document will be sent to the registered email address.

How to Claim Insurance for a Yamaha R3 Online?

You can either go with the cashless claim option under the Yamaha R3 insurance, or you can also opt for a reimbursement claim. Here is how the process works:

1. Cashless Claims Settlement

   The cashless claim settlement process is a convenient process under two-wheeler insurance, and the steps are as follows:

   • Step 1: You must notify the insurance provider about the incident for which you will be claiming under the policy.
   • Step 2: A surveyor will be appointed to inspect the damage to your Yamaha R3.
   • Step 3: After the inspection, the surveyor will share a report with the insurer.
   • Step 4: Upon approval, you can get the repairs done at a networked garage.
   • Step 5: Take your bike home and relax, as the insurer will do the settlement.

2. Reimbursement Claims Settlement

   If you are in a hurry and cannot wait for the cashless process, you can follow the steps to opt for the reimbursement claim process:

   • Step 1: Call the insurance company and inform them that you would like to claim.
   • Step 2: The insurance provider will appoint a surveyor.
   • Step 3: After the inspection, an evaluation report is shared with the insurer.
   • Step 4: The next step involves submitting a claim form with all necessary documents.
   • Step 5: As per your preference, get the repairs done.
   • Step 6: Pay for the repairs and submit all invoices to the insurer. The insurer will reimburse you as per policy guidelines.

Documents Required for Yamaha R3 Insurance Claims

For filing a claim under Yamaha R3 insurance, the following documents are a must:

• Claim form
• Valid driving licence
• KYC documents, if the damages are more than Rs 1 lakh
• FIR Report
• RC
• Repair estimates
• Repair Invoices
• Receipts

Additional Documents Required for Yamaha R3 Theft Claims

If you are filing a theft claim under Yamaha R3 insurance, here are the documents that will be required:

• Insurance documents
• Purchase invoice
• Registration certificate
• Letter of Subrogation
• Police FIR
• RTO declaration stating that the insured Yamaha R3 is 'No Use'.
• Non-Traceable Report
• A NOC from the financier