COCORide Long Term Two-Wheeler Package Policy - Navi General Insurance

Everyone likes to own a vehicle to meet their personal and family commuting needs. Unfortunately, an unexpected event can bring financial loss and legal liabilities. Which is why it's necessary to protect yourself, your pillion and most importantly, your precious vehicle against losses and legal liabilities if the unforeseen happens.

With our Long Term Two-Wheeler Insurance policy, you get right and complete protection for you and your Two Wheeler for a period of 2 and 3 years.

Applicability:
Any registered Two Wheeler owner is eligible for this insurance.

Advantages of opting Long Term Policy
You derive significant benefits if you are opting for a Long Term Two-Wheeler Policy as opposed to a one year policy



Benefits:

Third party liability:
Our policy protects you against any legal liability arising out of the use of the vehicle, towards third party bodily injury and any third-party property damage.

Loss or damage to the vehicle:
Our policy covers you against any loss or damage caused to your Two Wheeler or its accessories due to the following risks:

Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rock slide, Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, and any damage in transit by road, rail, inland waterway, lift, elevator or air.

Sum Insured:
Your Two Wheeler is insured at a fixed value called the Insured's Declared Value (IDV) for each policy year. IDV is calculated on the basis of the manufacturer's listed selling price of the Two Wheeler after deducting the depreciation for every year as per table



If the price of any non - electrical accessory or electrical / electronic accessory installed in your two-wheeler is not included in the manufacturer's listed selling price, then the actual value (after depreciation) of this item can be added to the Sum Insured over and above the IDV for extending the cover to these items as well. Similarly, CNG LPG bi-fuel kit can also be covered by paying additional premium. In the unfortunate event of total loss or theft, we pay you the IDV mentioned on the policy without any deduction.

IDV will be determined basis above and will be mentioned in your schedule for each policy year.

Additional covers at extra cost:
Loss of Accessories by Burglary, Housebreaking or Theft Accessories are covered against the risk of burglary and theft without vehicle being stolen itself.

Owner Driver Personal accident cover: Policy provides compulsory personal accident cover of Rs. 1 lakh to individual owners of the vehicle while driving the insured vehicle or mounting into/dismounting from the vehicle insured or whilst travelling in it as a co-driver.

This cover is not applicable for a Company owned vehicle.

Pillion rider can also be covered for Personal Accident for a maximum Capital Sum Insured of Rs. 1 lakh per person.

Following benefit will be available in the event of any unfortunate accident:




Additional Legal liabilities:
The following legal liabilities may also be opted at an additional premium.
Wider Legal Liability for Paid driver/conductor/cleaner employed.

Legal Liability for Employees travelling in/driving the vehicle other than paid driver.

Premium:
Premium will be charged as per rate applicable on the date of insuring your vehicle.

GENERAL EXCEPTIONS:
The company shall not be liable if loss or damage is attributed to the following;

1. If the vehicle insured herein is used otherwise than in accordance with the provision which prohibits use of vehicle for
a. Hire & Reward
b. Carriage of goods other than samples or personal luggage
c. Organized racing
d. Pace making
e. Speed testing
f. Reliability trials
g. Use in connection with motor trade

2. If vehicle is driven by any person other than a Driver as stated in the Driver's Clause.

3. In respect of any claim arising out of any contractual liability.

4. Consequential loss, wear & tear, depreciation, mechanical or electrical breakdown.

5. If person driving your vehicle is under the influence of intoxicating liquor or drugs.

6. Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;

7. Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss.

8. War, Invasion, the Act of foreign enemies, hostilities or warlike operations (whether before or after declaration of war), Civil War, Mutiny, Rebellion Military or usurped power, nuclear weapons material, liability arising from ionizing radiations or contamination by radioactivity from any nuclear fuel.