Standalone Motor Own Damage Two Wheeler Insurance

What is standalone own damage two-wheeler insurance?

Standalone own damage two-wheeler insurance

On a Monday morning, while crossing a busy junction, you accidentally collide with a pedestrian. You both are injured, and your bike sustains damages. While your Third Party policy covers the third party damages, you are left with huge medical and repair costs!
To offset such unwarranted losses incurred by policyholders, the Standalone Own Damage cover was introduced as an independent cover. However, this is applicable only if a policyholder has a valid Third Party Liability cover. So, if you have a third party insurance policy, and are looking to protect your two-wheeler's damage, then this plan is most recommended for you.

With an extensive network of cashless garages, emergency services, and 24x7 customer support to cater to your needs, be rest assured that we are looking out for you. What are you waiting for? Get your smartphone, punch in your details, and get started!

6 Reasons Why HDFC ERGO's Bike Insurance Should Be Your First Choice!

Upto 70% Off^ on Premium

Get your bike insured at attractive prices that fit your pocket. It is a year-long flash sale but for your bike!

Zero documentation & instant policy

In less than 3 minutes, insure your two-wheeler online in a few clicks. We make insurance simple for you!

24x7 Emergency Assistance

Never feel stranded in an emergency, no matter where you are. Notify us, and we'll take care of the rest.

Doorstep Repair Service

You no longer need to trudge your faulty bike for repairs. Allow us to pick, repair, and drop your two-wheeler, all from & at your doorstep!

Network of Cashless Garages

With 7700+ cashless garages across India, no matter where roads take you, we will be a call away!

#1.5 Crore+ Happy Customers

We strive hard to make your road journeys pleasant, putting a smile on your face. Come, be a part of our 1.5 Cr+ happy family!

Standalone two-wheeler policy Inclusions and exclusions

What is covered?

Accidents

Roads are an unpredictable place and thus in case of accidents; we are there to cover the damages your bike sustains.

Fire & Explosion

A fire or an explosion can turn your mean machine into ashes. But our policy won't let the heat reach your finances.

Theft

We can't prevent your bike from being stolen, but we can keep your finances secured by covering your theft-related losses.

Calamities

Some situations are out of our control like natural calamities. But we help you restore your vehicle without denting your finances.

Personal Accident

Accidents can be fatal to your life. We care for your safety and offer a compulsory personal accident policy worth INR 15lacs for any medical emergency.

Smarter Claims for a Smarter You!

Boost your coverage with these add-ons

Zero Depreciation Cover - Insurance for Vehicle

The value of a bike depreciates annually, but with this cover, there are no depreciation cuts even when you make a claim. The Zero Depreciation cover ensures you get the full value of the cost of replacement or repairs.

How it helps

Aasaan and Parsehaan, both with the same bikes and insurance covers, meet with an accident incurring similar damages. Yet at the time of claims, Aasaan got much more than Pareshaan. The latter wondered why? Well, simple, Aasaan had purchased Zero Depreciation Cover, and thus, his claim money was calculated without any depreciation cuts.

How standalone own damage two-wheeler insurance for bikes works

As mentioned earlier, standalone own damage cover for two-wheeler is designed to cover damages your bike incurs in case of an accident. Wondering how? Allow us to explain with an illustration: Let's say you recently got yourself a new cruiser bike and got it insured with a long term Third Party insurance to cover any legal and financial liability in case of an accident. In a year, you realize that with external factors (natural disasters, theft, and accidents) at play, you need to secure your bike from losses and damages too. But you are in a fix! With a long-term third-party cover, you need to wait for the next renewal cycle to upgrade your insurance policy, further exposing your bike to damages. This is where a standalone own damage cover comes in handy. If you have a third party bike insurance policy, be it from HDFC ERGO or any other insurer, you can now choose to buy a Standalone Own Damage in addition to your existing third party cover and protect your bike as well. Simple, right?
Factors affecting standalone own damage two-wheeler insurance premium

Add-ons Chosen premiums

Add-ons Chosen

Each add-on cover varies in level of protection and price. Therefore, based on the number and type of add-ons opted for, your OD premium will be affected.

IDV or Market Value - Car insurance

The IDV refers to the correct market value of your two-wheeler. Thus, your OD premium is based on the right valuation of your bike. In case your bike is old, the premium will be determined by the condition of the bike and its resale value.

No Claim Bonus or NCB

Your previous policy if goes unclaimed, entitles you to a No Claim Bonus, which you can transfer for a discount on your new OD policy, thereby reducing your premium.

Cubic Capacity

Engine size of your motorbike directly relates to the level of power it produces and the OD premium you pay! Higher the cubic capacity, higher the OD premium, or the other way round.

Make, Model, and Age

These specifications directly affect the OD premium you pay. It is as simple as luxury bikes will cost you higher OD premiums or, newer bikes will have lesser premiums, and vice versa.

Modification and Accessories

Enhancements for aesthetics or better performance increase your OD premium. Since your base policy doesn't cover modifications, additional covers become mandatory.

Driver's Record

It's just not your mean machine, but your driving performance that is evaluated too! Always try to maintain a healthy driving record to avoid paying a higher premium.