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Hero Electric Optima E5 is an excellent electric scooter for city commutes. Nonetheless, the production of this bike has been discontinued. So, if you are one of the lucky ones who already own this scooter, this article is for you. Read ahead to know more about Hero Electric Optima E5 bike insurance in India.
As far as Indian bike insurance is concerned, there are majorly only two types of bike insurance plans available for Hero Electric Optima E5 scooters. Below are the details of both.
This insurance plan offers financial support in the unfortunate scenario that your insured bike causes injury, death or property damage to a third party. Nonetheless, Third Party Two Wheeler Insurance does not cover accidental damages that occur to your own insured two wheeler.
This plan comes with an own damage cover and also offers financial support for third-party liabilities. Own damage bike insurance cover usually offers financial support towards damages to your insured bike that may have natural or manmade causes. Under this plan add-ons can also be chosen.
The following accident cases are usually covered under Comprehensive Bike Insurance for Hero Electric Optima E5 bike insurance.
Injury, death or damage of property caused to a third party by your insured bike
Damage/loss that is an outcome of natural crises like earthquakes, cyclones, floods, etc.
Damage/loss that is an outcome of manmade crises like riots, vandalism, explosions, etc.
If the insured two-wheeler has been robbed
If the electric scooter undergoes unrestorable damage
If you opt for add-ons, you may receive additional coverages
Note: A Personal Accident (PA) cover in bike insurance is a legal requirement. However, it doesn’t come along with Comprehensive Bike Insurance and so, you may have to buy it individually. It provides financial support if the insured becomes a victim of an accidental disability or death.
The following accident cases are usually not covered under Comprehensive Bike Insurance for Hero Electric Optima E5 bike insurance.
Damages that are an outcome of participating in illegal racing events
Driving after taking consciousness-altering substances
Being found driving without carrying the legally required documents
Riding ignoring traffic laws
Damages that are an outcome of electrical or mechanical malfunctions
Damages that are an outcome of the ageing of vehicle parts
Damages that befall outside the boundaries covered under the policy
Below are some of the add-ons you may be able to buy along with a Comprehensive Bike Insurance Plan.
Personal Belongings Cover - Theft/Damage Cover
Roadside Assistance Cover
Outstation Emergency Cover
Personal Accident Cover
Zero Depreciation Cover
Bike Engine Protection Cover
Key Protection Cover
Disclaimer: These add-ons are subject to availability with your insurer.
If you are opting for online two-wheeler insurance, here are the top reasons why you should choose ACKO bike insurance for your electric scooter.
ACKO is a fully digital insurance provider and thus, directly deals with customers without employing any middlemen. This considerably brings down the costs to the company. These costs saved enable us to offer good deals on our bike insurance plans.
At ACKO we ensure that bike insurance claims are settled at the earliest. Claims raised towards minor damages to your insured scooter may be settled as soon as possible, on the same day itself. Nonetheless, more impactful damages may take longer based on the impact.
Usually, insurers may require a two-wheeler inspection if you are buying bike insurance from them for the first time. So, a surveyor may be sent over to your home to inspect your scooter. At ACKO, we save you the hassle. No, vehicle inspection for first-timers!
Unfortunately, accidents are frequent on Indian roads. If you are involved in an accident and are not financially covered under an insurance policy, you may have to bear huge accident-related costs. These costs may include damages to your bike and property damages and injuries to a third party.
Thus, we recommend that you buy bike insurance in advance to avoid having the pressure of managing these huge costs. That way, you can ride stress-free without worrying about the financial implications of an accident. Apart from this, as per the Motor Vehicles Act of 1988, it is mandatory to buy bike insurance.
It is easy to go about bike insurance renewal for your Hero Electric bikes via our website/app/ . Just login to your account on our website/app and enter your bike’s details. After that choose a new plan (or stick to your current plan if it fulfils your requirements). Then, make an online payment for the plan you have opted for. Once you have done that, you will immediately receive your bike’s renewed policy document via email. It’s that simple!
No, legally, you cannot ride your Hero Electric Optima E5 on Indian roads without an active bike insurance policy. As per The Motor Vehicles Act of 1988, it is unlawful to ride a two wheeler on Indian roads without valid bike insurance. Riding without two wheeler insurance can lead to penalties.