As one of the most sought-after motorcycle brands in the world, Royal Enfield bikes are popular for their rugged looks and powerful engines. However, owning a Royal Enfield bike also comes with a responsibility - the responsibility to protect it against unforeseen risks and damages.
That is why buying an insurance policy for your Royal Enfield is critical. By providing comprehensive insurance coverage for your bike, Royal Enfield insurance policies enable you to ride with confidence and peace of mind. They ensure that you are covered in case of accidents, theft, or any other unforeseen events.
Royal Enfield two-wheeler insurance policies
There are a range of two-wheeler insurance policies tailored to meet the specific needs of Royal Enfield bike owners. Some of the top insurance providers in India offer affordable two-wheeler insurance policies for bike owners. These insurance plans are designed to ensure that your motorcycle stays protected, regardless of the unexpected challenges you may face on the road.
The policy is available in two variants - third-party liability only and comprehensive - and can be customised to suit your specific needs and budget. Additionally, Royal Enfield insurance offers a range of add-on covers. These include zero depreciation, pillion rider cover, and engine cover, among others. You can purchase these along with the base policy to enhance your coverage.
Why should you buy Royal Enfield bike insurance?
Protect your investment
With Royal Enfield Insurance, you can protect your bike against damages caused by accidents, natural calamities, fire, theft, and other unforeseen events. This can save you from having to bear the cost of repairs or replacements out of your own pocket.
Legal requirement
In many countries, having insurance coverage for your motorcycle is mandatory. Riding without insurance can lead to legal penalties and fines. Royal Enfield bike insurance ensures that you comply with the law.
Financial safety nets
Accidents, theft, and natural calamities are unpredictable events that can lead to significant financial losses. With Royal Enfield insurance, you have a financial safety net to cover the repair or replacement costs.
Personal injury coverage
Royal Enfield insurance plans often include coverage for personal injuries. In case of an accident, you can receive compensation for medical expenses and treatment.
What are the types of Royal Enfield bike insurance plans?
When it comes to insuring your Royal Enfield motorcycle, you have a few options to choose from. The primary types of insurance plans include:
- Comprehensive insurance: This type of insurance offers the most extensive coverage for your Royal Enfield motorcycle. It not only covers damages to your bike but also includes third-party liability coverage. This means that if you cause an accident that injures someone or damages their property, your insurance will cover their expenses.
- Third-party insurance: This is the minimum requirement in many countries. It covers the costs incurred by a third party in case you are involved in an accident that causes injury or damage to their property. However, it will not cover your own motorcycle's repair costs.
- Standalone own-damage insurance: If you want to cover your motorcycle against damages without the third-party liability coverage, you can opt for standalone own damage insurance. This is a more affordable option, but it leaves you responsible for any third-party claims.
What is covered in Royal Enfield bike insurance?
Understanding what your Royal Enfield bike insurance covers is crucial. The specifics of coverage may vary depending on the insurance plan and the insurer, but here are some common elements covered by Royal Enfield insurance:
- Damage due to accidents: Royal Enfield insurance typically covers repair or replacement costs if your bike is damaged due to an accident.
- Natural calamities and fire: Coverage extends to damages caused by natural disasters like floods, earthquakes, and storms. If your motorcycle is damaged or destroyed by fire, your insurance will cover the associated costs.
- Personal accident coverage: Some policies include personal accident insurance that provides compensation for medical expenses and loss of income in case of injuries or death resulting from an accident.
- Optional add-on covers: Royal Enfield insurance offers a range of add-on covers such as zero depreciation, pillion rider cover, engine cover, roadside assistance, and more.
How to buy Royal Enfield bike insurance?
Purchasing Royal Enfield bike insurance is a straightforward process. Here are the steps to follow:
Research and compare: Begin by researching different insurance providers and their policies. Compare the coverage, premium rates, and add-on options to find the plan that best suits your needs.
Provide the necessary information: To get an insurance quote, you need to provide information about your Royal Enfield motorcycle, including its make, model, year, and registration details. Additionally, you need to share your personal details.
Select the insurance plan: Choose the type of insurance plan that suits you best. Consider whether you want comprehensive coverage, third-party liability, or an own damage policy.
Consider add-ons: You can customise your policy with add-ons like roadside assistance, zero depreciation, and engine protection. These can enhance your coverage as per your requirements.
Pay the premium amount: After successfully filling in the application form, you need to make the payment. Choose from the set of payment modes available and complete the payment.
There are various online platforms that offer a range of bike insurance policies. You can choose a two-wheeler insurance policy offered through Bajaj Finance. The platform offers policies from leading insurance providers and is affordable.
All policies at the Bajaj Finance Insurance Mall are available through a 100% digital journey with minimum documentation. All you need to do is fill in personal details and vehicle details, make the payment and the process is complete.
How to renew Royal Enfield bike insurance policies?
Renewing your Royal Enfield bike insurance is as important as getting the initial coverage.
Your Royal Enfield bike insurance policy is valid for a specific period, typically one year. A few weeks before the policy's expiration, contact your insurance provider. They will guide you through the renewal process and provide you with a renewal form. Take this opportunity to assess whether your current coverage meets your needs. If you require any changes or additional coverage, discuss it with your insurer.
To continue the coverage, you will need to pay the renewal premium. You can do this online through the insurer's website. After the renewal is complete, you will receive an updated insurance policy document.
In conclusion, Royal Enfield Insurance is a must-have insurance product for all Royal Enfield bike owners. It not only safeguards your investment but also ensures you comply with legal requirements. So, whether you are buying or renewing your Royal Enfield bike insurance, make sure you give your bike the protection it deserves.
