BMW S 1000 RR Bike Insurance
Get your BMW S 1000 RR bike insured in a simple and hassle-free way!
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BMW Motorrad is a German motorcycle manufacturer which is known for its powerful superbikes, cruisers and adventure tourers. The BMW S 1000 RR is one of the most powerful and advanced fully-faired superbikes in the world. The S 1000 RR is one of the few motorcycles in the world that is road-legal and also a perfect race track weapon. The new iteration of the superbike features revamped design and new riding aids. Read on for all the information related to BMW S 1000 RR Bike Insurance.
Benefits of Buying Acko Two-Wheeler Insurance Policy for your BMW S 1000 RR Bike
Below are the benefits of buying Acko two-wheeler insurance for your BMW S 1000 RR bike:
Paperless Process
Acko General Insurance offers a paperless experience while buying two-wheeler insurance online. The documentation is minimal, and the entire process can be completed online. Digital documentation saves you a lot of time.
Hassle-Free Claim Settlements
You can register the bike insurance claim online, and Acko offers instant claim settlements for minor damages. For major damages, after the assessment of the damaged vehicle, Acko will transfer the claim settlement amount directly to your account.
Best Two-Wheeler Insurance Plans
Acko suggests the optimum Insured Declared Value (IDV) for your BMW S 1000 RR and provides the two-wheeler insurance plans. You can compare different insurance plans and add-on coverages before making the purchase.
Expert Advice
Acko’s team of experts will provide you with unbiased advice on BMW S 1000 RR bike insurance plans. The customer support team will assist you in purchasing the right two-wheeler insurance policy and add-ons for your motorcycle.
Bike Insurance plans for BMW S 1000 RR Bike
There are two types of bike insurance plans available for BMW S 1000 RR bikes: Third-Party bike insurance and Comprehensive bike insurance. Both the insurance plans come with different coverage benefits. Below are the coverage details of third-party and comprehensive bike insurance plans:
Third-Party Bike Insurance Plan
Third-party two-wheeler insurance plans provide only third-party damage cover, and it does not offer an Own Damage cover. However, it is mandatory to purchase third-party bike insurance as per the Motor Vehicles Act.
Comprehensive Bike Insurance Plan
Buying a comprehensive bike insurance policy is optional, but it provides third-party as well as Own Damage cover. The insurance plan covers damage to your motorcycle and injury/accidental death of the rider/owner. The comprehensive insurance plan also provides coverage against total loss/theft of the motorcycle. You can also buy add-on covers to expand the coverage benefits of the bike insurance policy.
What’s Covered in BMW S 1000 RR Bike Insurance (Inclusions)
The BMW S 1000 RR two-wheeler insurance provides coverage against the following:
Loss/Damage to the motorcycle due to an accident.
Loss/Damage to third-party property or life.
Loss/Damage to the motorcycle due to explosion or fire outbreak.
Loss/Damage to the motorcycle due to man-made disasters such as vandalism, etc.
Loss/Damage to the motorcycle due to natural disasters such as storms, earthquakes, cyclones, etc.
Loss/Theft of the insured motorcycle.
Injury/Accidental death of the rider/owner.
Note: Own Damage cover applies only to Comprehensive Bike Insurance plans.
Exclusions of BMW S 1000 RR Bike Insurance
Below are the exclusions of BMW S 1000 RR bike insurance:
Improper handling of the motorcycle.
Reckless riding.
Riding the motorcycle without a valid driving licence.
Loss/Damage to the motorcycle due to mechanical or electrical failure.
Riding the motorcycle under the influence of intoxicating substances.
Loss/Damage to the motorcycle due to wear and tear.
Add-on coverages which are not purchased.
Add-ons for BMW S 1000 RR Two-Wheeler Insurance
You can buy add-ons for comprehensive bike insurance to expand the coverage benefits. Below are the available add-ons for BMW S 1000 RR two-wheeler insurance:
Engine Protection cover
Key Protect
Roadside Assistance cover
Personal Belongings - Damage/Theft
Outstation Emergency Cover
Consumables cover
Zero Depreciation
Claim Procedure
Follow the below steps to register a two-wheeler insurance claim at Acko General Insurance:
Log on to the website www.acko.com or download the Acko smartphone app.
Select ‘Bike Insurance’ option under the Products drop-down menu.
Next, choose ‘Two-Wheeler/Bike Claims’ under the Claims drop-down menu.
Log in to your Acko account and enter details such as insurance policy number, motorcycle registration number, etc.
State the nature of the damage and upload the pictures of the damaged motorcycle.
Upon verification of the claim and assessment of the damaged vehicle, the claim settlement amount will be transferred to your account.
Acko offers instant claim settlement for minor damages.
Minor repairs will be carried out at your doorstep.
Major repairs or parts replacement can be done at Acko’s network of cashless garages.
Frequently Asked Questions
If you are still confused with the technical terminologies involved in the BMW S 1000 RR bike insurance, you can refer to the below common queries related to BMW S 1000 RR two-wheeler insurance:
From where can I buy BMW S 1000 RR bike insurance?
Buying two-wheeler insurance online is your best option as you can compare insurance plans provided by different insurers before making the purchase. Buying bike insurance online will also save you a lot of time and money.
How much does it cost to insure my BMW S 1000 RR bike?
The cost of bike insurance depends on the value and condition of the motorcycle and the type of insurance plan and add-ons you choose. Usually, the cost of BMW S 1000 RR bike insurance is on the higher side as it is a premium motorcycle.
My bike insurance is about to expire. What documents do I need to renew the insurance?
You will need the following documents to renew the BMW S 1000 RR bike insurance:
Motorcycle registration certificate
The previous insurance policy certificate
Identity proof
What is Insured Declared Value (IDV) in BMW S 1000 RR bike insurance?
IDV is the current value of your motorcycle and the two-wheeler insurance premium is calculated based on the IDV. The IDV is also the maximum sum insured amount, which will be paid to you by the insurer in case of theft or total loss of the motorcycle.
Does third-party bike insurance provide an Own Damage cover?
No, a third-party two-wheeler insurance policy does not provide an Own Damage cover. The coverage is limited to third-party liability cover. Only a comprehensive bike insurance plan provides an Own Damage cover.
What is an add-on cover in BMW S 1000 RR bike insurance?
Add-on cover is nothing but the additional coverage benefit which can be purchased separately for a comprehensive two-wheeler insurance plan. Buying add-ons are optional, and you can choose the add-on depending on your motorcycle and requirement.
Which add-ons should I buy for my BMW S 1000 RR bike insurance?
You can consider buying the add-ons such as Zero Depreciation Cover, Engine Protection Cover, Roadside Assistance Cover, Invoice Cover and Passenger/Co-Rider Cover for your BMW S 1000 RR bike insurance.
Can I renew BMW S 1000 RR bike insurance online?
Yes, you can renew BMW S 1000 RR bike insurance online, and it takes only a few minutes as the documentation is minimal and the payment is done through digital mode.
How can I reduce the premium of BMW S 1000 RR two-wheeler insurance?
You can reduce the bike insurance premium by installing an anti-theft device/security device on your BMW S 1000 RR. With a lesser risk of theft, the insurance premium will come down. You can also avoid buying unnecessary add-ons to reduce the cost of insurance. Lastly, you can opt for a third-party bike insurance plan to drastically reduce the cost of the premium.
Can I renew my bike insurance after it expires?
Yes, you can renew the expired bike insurance within the grace period provided by the insurer. Post grace period, you have to pay the required penalty charges to renew the insurance. Note that expired bike insurance does not provide coverage, so it is better to renew the insurance before it expires.
