Own-Damage Cover in Two-Wheeler Insurance

Know the advantages of buying an own damage insurance for your bike.
Own damage bike insurance
3 Mins

Own-damage bike insurance policy is a standalone insurance policy. It provides coverage for any damages caused to the insured two-wheeler. Most vehicle owners in India focus on buying a third-party insurance policy, as it is mandatory by law and affordable. But a third-party two-wheeler insurance policy covers only the damages caused to the third party, not your vehicle. So, even if you are financially secure from third-party liabilities, you have to bear the repairing or replacement cost of any damaged parts of your vehicle.

Therefore, you need to have a standalone own-damage insurance policy for bikes. It covers you financially against any damages caused to your vehicle.

Read on to know in detail about own-damage bike insurance policy and its benefits.

Why is an own damage cover useful?

Own damage insurance for bikes is an essential component of two-wheeler insurance that helps protect your bike from damages caused by accidents, theft, or natural calamities. It provides financial assistance in case of repair or replacement of your bike due to unforeseen incidents. Investing in own damage insurance for bikes is extremely useful, ensuring peace of mind and protection against the unexpected. With the right own damage cover, you can safeguard your bike against significant financial liabilities and critical losses.

What is an own-damage bike insurance policy?

As stated above, an own-damage bike insurance policy covers damages or losses caused to the insured vehicle. This includes damages caused due to accidents or natural calamities, such as earthquakes, floods, etc. It also covers damages due to man-made activities, like riots, strikes, theft, or any unforeseen events. The insurer will compensate for the repair and replacement expenses of the parts if damaged in any of the said events. Additionally, it's crucial to note that own-damage bike insurance is a comprehensive coverage that provides financial protection for the policyholder's vehicle.

Features of an own-damage two-wheeler insurance

Here are some of the key features of an own-damage insurance for bike:

Key features


Cashless repairs

6,500+ cashless network garages

No Claim Bonus

Get up to 50% discount

Claim process

Quick and streamlined

Claim settlement ratio

98% claims settled*



Voluntary deductible



Zero, 100% digital

Benefits of an own-damage two-wheeler insurance

Here are some of the salient benefits of own damage insurance policy for bikes:

  • The insurer covers the insured vehicle against natural and man-made disasters.
  • Own-damage insurance is comprehensive in nature, allowing one to select bike insurance add-on cover to increase the scope of the base policy coverage.
  • The own-damage bike insurance policy premium is expensive than a third-party bike insurance policy.

Inclusions of own-damage bike insurance

Here is a look at what does a standalone own-damage two-wheeler insurance policy cover:

Accidents: Covers damages caused to the two-wheeler due to accidents.

Natural calamities: Covers damages caused due to earthquakes, floods, hailstorms, and other natural calamities.

Fire and explosion: Covers any losses or damages caused to the two-wheeler due to fire, lightning, or self-ignition.

Man-made activities: Covers damages caused due to acts of vandalism, theft, riots, burglary, etc.

Exclusions of own-damage bike insurance

Here is a look at what a standalone own-damage two-wheeler insurance policy does not cover:

  • Claims for any third-party liabilities.
  • Standard wear and tear of the vehicle.
  • Any electrical or mechanical failures.
  • Damages or breakdowns occurring outside the specified geographic area of India.
  • Depreciated vehicle losses or damages.
  • Damage to the tyres and tubes, barring simultaneous damage to the vehicle. The company's liability, however, is only for 50% of the total cost of the repairs.
  • Any damages caused to the vehicle while driving under the influence of alcohol, narcotics, or other substances.
  • Any damages caused to the two-wheeler during an accident if the rider does not have a valid licence.
  • If the insurance is not in effect when the claim is made.

Factors affecting own-damage car insurance premium

Own-damage bike insurance a critical coverage aimed to safeguard against losses resulting from damage or theft of one's bike. The cost of the premium will vary significantly, where several factors are at play, including:

  • Age, make, and model of the bike
  • The geographical location of the policyholder
  • The policyholder's driving history and experience
  • Security and safety features installed on the bike
  • Insured Declared Value (IDV) of the bike
  • Engine capacity of the bike
  • No claim bonus earned by the policyholder
  • Add-ons opted by the policyholder

How to file claims for own-damage bike insurance?

You can raise a request for claim settlement in two ways: cashless or reimbursement claim.

Below is a common procedure that you can refer to for raising a claim with your insurer. However, check with your insurer for any particulars required while claiming for an own damage insurance for bike.

Step 1: Notify the insurance company about the claim. You can call on their toll-free number or write an email to register the claim. The contact details of the insurer are available on their official website. You can also visit their official website and go to the claim section to fill out the claim form online.

Step 2: Try to offer as much proof of the accident as you can. It would be excellent if you could take some photos of the vehicle's damages. Complete the claim form and submit it with the necessary paperwork.

Step 3: An insurance company surveyor will come to verify the damages caused to the two-wheeler. Upon verifying, surveyor will share the estimates with insurance provider.

Step 4: When the insurance company receives the claim form and surveyor's report, it will reimburse the costs on your registered bank details. In case of cashless settlement, the insurer will directly clear the bills with the network garage.

How to file for own-damage online insurance for two-wheelers?

Filing for bike insurance own damage is quick and straightforward with the online insurance option. By providing the needed documents and information, you can buy own-damage insurance online and get your bike protected quickly and efficiently.

Documents required for own-damage two-wheeler insurance claim

To file an own-damage bike insurance claim, policyholders need to submit the following documents:

  • Copy of the policy document
  • FIR in the event of theft or accident
  • Registration certificate for the bike
  • Proof of accident, such as photos, etc.

For enhanced coverage, you can buy an own damage bike insurance policy along with a third-party bike insurance policy. To reduce the hassle of managing two policies, you can also choose to buy a comprehensive bike insurance policy. A comprehensive two wheeler insurance policy covers both own damage and third-party liabilities. Visit the Bajaj Finance Insurance Mall to compare and buy comprehensive insurance policies offered by leading insurance companies in India. These policies come at affordable premiums.

Below are bike insurance own damage policies and its details offered on Bajaj Finance Insurance Mall:

Bike insurance company

Network garages

Third-party cover

Personal accident cover

Claim settlement ratio

ACKO Bike Insurance



15 lakh


Bajaj Allianz Bike Insurance



15 lakh


SBI General Bike Insurance



15 lakh


HDFC Bike Insurance



15 lakh


ICICI Bike Insurance



15 lakh


Frequently asked questions

Do we need own-damage insurance for bike?

Yes, own-damage insurance for bikes is highly recommended as it protects against losses resulting from damage or theft of the insured bike.

Is own-damage insurance enough for two-wheelers?

Own-damage insurance is critical but not enough. Third-party liability insurance is mandatory by law, and it covers the financial liability arising from injury or death of third-party involving the insured two-wheeler.

How to claim bike insurance for self-damage?

The policyholder must report the damage to the insurance provider immediately. The provider will verify the details of the incident and may send a surveyor to assess the damage. After that, the policyholder can file a bike insurance claim to get coverage for the self-damage.

How do I claim my own-damage insurance?

The policyholder must inform the insurance provider about the incident immediately. The documents required for filing a claim include the insurance policy papers, driving license, FIR copy (if applicable), and an assessment report.

Can I claim insurance for bike scratches or dents?

Insurance companies generally do not cover minor scratches unless they result in significant body damage. The policyholder must read the policy terms and conditions or contact the insurance provider to learn about the coverage of their own-damage insurance.

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