Scooter insurance is designed to safeguard you from various risks associated with using your two-wheeler. Similar to bike insurance, scooter insurance provides financial protection against accidents, theft, natural disasters and third-party liabilities. In India, owning a valid scooter insurance policy is mandatory under the Motor Vehicles Act. The coverage options depend on the type of policy chosen, offering both basic and comprehensive protection.
Let’s explore what scooter insurance typically covers.
1. Third-Party Liability Coverage
This is the most fundamental and mandatory form of insurance for all vehicles in India. It includes:
- Injury or death of third parties: If you accidentally injure or kill someone while riding your scooter, the insurance covers the medical expenses or compensation claims made by the affected party.
- Damage to third-party property: In case you damage someone else’s vehicle or property, the insurance covers expenses up to the policy’s limit.
2. Comprehensive Coverage
A comprehensive policy provides broader protection, covering both third-party liabilities and damages to your scooter. This type of policy covers:
- Damage to your scooter: If your scooter is involved in an accident, this policy covers the repair costs, irrespective of who is at fault.
- Theft or loss of the scooter: If your scooter is stolen or destroyed beyond repair, the insurance compensates for the loss.
- Natural disasters: Coverage for damages due to natural events such as floods, earthquakes, storms, or fire.
- Man-made disasters: The plan covers damages resulting from vandalism, riots, or terrorist activities.
3. Personal Accident Cover
Most scooter insurance policies provide personal accident cover for the rider, offering financial compensation in the event of accidental death or disability while riding the scooter. This cover typically includes:
- Accidental death: A lump sum amount is paid to the nominee in case of the rider’s death due to an accident.
- Permanent disability: Compensation is provided for permanent disabilities, such as loss of a limb or vision, resulting from an accident.
4. Roadside Assistance
Many comprehensive policies now offer roadside assistance, which is invaluable during breakdowns. Some of the included services are:
- Towing assistance: Covers the cost of towing your scooter to the nearest garage in case of a breakdown.
- Battery jumpstart and flat tyre repair: Some policies offer services like jump-starting the battery or repairing a flat tyre.
5. Engine and Gearbox Protection
This optional add-on covers damage to the engine and gearbox, which are typically not included in standard policies. The protection covers issues caused by water ingression, lubrication failure, or accidental damages and can be added for a small additional cost.
6. Zero Depreciation Cover
Zero depreciation insurance covers the full cost of repairs without factoring in depreciation. This add-on is especially beneficial for new scooters as it guarantees the repairs or replacement of parts, irrespective of the age of the vehicle. So, if your scooter is new, go for it to have peace of mind.
7. No Claim Bonus (NCB)
A No Claim Bonus is a discount offered by insurers for not claiming during the policy period. If you are claim-free, you can earn a discount on your renewal premium, which could range from 20% to 50%, based on the number of claim-free years. Take advantage of this while renewing your policy.
8. Additional Riders
Scooter insurance policies may offer riders that enhance your coverage, such as:
- Accident cover for pillion riders: This cover offers financial protection for the pillion rider in case of an accident.
- Extended third-party coverage: This provides higher limits of third-party liability coverage.
Exclusions
While scooter insurance provides comprehensive coverage, there are certain exclusions, such as:
- Riding under the influence of alcohol or drugs
- Driving without a valid licence
- Damages due to illegal activities or participation in races
- General wear and tear due to usage
- Damages caused by driver negligence
- Legal liability for a paid driver
- Personal accident coverage for pillion riders
Always keep the above factors in mind, as insurance coverage is not just about financial protection but also about ensuring your safety and the safety of others.
Conclusion
Scooter insurance is essential for all riders, providing financial protection against accidents, theft, damage from natural disasters, and third-party liabilities. Opting for a comprehensive plan ensures peace of mind. Adding optional add-ons like personal accident cover, roadside assistance, and zero depreciation further enhances your scooter’s protection. Always ensure that you understand the terms and exclusions of your policy before making a purchase.
Managing your scooter insurance through a bike insurance app can simplify renewals, claims, and other processes, ensuring your scooter is always protected.
