COCORide Two-Wheeler Own Damage Policy - Navi General Insurance

We protect you and your vehicle from accident and associated consequences. Everyone likes to have his or her own set of wheels whether for work or social reasons. Unfortunately, an unexpected event can bring financial strain. Which is why it's necessary to protect yourself, your occupants and most importantly, your precious vehicle against huge losses if the unforeseen happens.

With Our COCO RIDE Two-Wheeler Own Damage policy, you get right and complete protection for your Vehicle.

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

Benefit:

Loss or damage to the vehicle:
Our policy covers you against any loss or damage caused to the vehicle 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 vehicle is insured at a fixed value called the Insured's Declared Value (IDV). IDV is calculated on the basis of the manufacturer's listed selling price of the vehicle after deducting the depreciation as per age of your vehicle:




If the price of any non - electrical accessory or electrical / electronic accessory installed in the vehicle 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 of the vehicle 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.

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.

Premium:
Premium will be charged as per rate applicable on the date of insuring the 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 Limitations as to Use 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.