Honda SP 125 Bike Insurance: Buy/Renew Honda SP 125 Insurance

Home / Two-wheeler Insurance / Honda Bike Insurance / Honda SP 125 Bike Insurance

The Honda SP 125 features Honda India’s first BS-VI-compliant engine. This stylish two-wheeler also offers a premium feel, hassle-free handling and is easy on the pocket. If you are a lucky owner of this beauty, this article is for you. Here, we have highlighted the Honda SP 125 bike insurance choices and the superiority of online bike insurance over its offline alternative.

Importance of buying online bike insurance for Honda SP 125

In this section, we have highlighted some of the key advantages of online bike insurance.

Low-costing policies

Offline bike insurance companies tend to incur more operating costs due to the running and maintenance of their physical offices. In contrast, online two-wheeler insurers typically save on operating costs because of their digital functionality. That is why online bike insurers generally offer more cost-effective two-wheeler policies.

Hassle-free process

Buying bike insurance or raising claims offline may require you to visit a branch office of the insurer or meet a broker. Online bike insurance saves you this hassle by allowing you to remotely buy/renew policies, claim insurance and access other insurance-related features via a website/app.

Help resources

Starting troubles are common when it comes to using a new product or service. For this purpose, online insurers typically provide a detailed self-help guide that answers common queries. However, if you would rather speak to an executive, you can usually call a toll-free hotline.

Bike insurance policies for Honda SP 125

Fundamentally, there are two bike policies: Third-party Two-wheeler Insurance and Comprehensive Two-wheeler Insurance. In this section, we have discussed them briefly.

Third-party Two-wheeler Insurance Policy

Third-party Two-wheeler Insurance is the least-expensive coverage you can get for your bike. Also, as per the Motor Vehicles Act of 1988, third-party liability coverage is the minimum insurance cover required to ride your bike on Indian roads legally. It covers collision loss to a third party, like injury, death or property damage. However, accident-caused damages to your Honda SP 125 will not be covered.

Comprehensive Two-wheeler Insurance Policy

A Comprehensive Honda SP 125 Policy is a combination of two covers: a Third-party Cover and an Own Damage (OD) Cover. The inclusions of an OD Cover include theft, accidental impact-caused damages and damages resulting from natural and manmade calamities. This policy also has the option to enhance coverage by choosing and buying add-ons (based on availability).

What’s covered in Honda SP 125 bike insurance?

A Comprehensive Policy for Honda SP 125 offers the following coverages.

Damages due to collisions
Injury, death and property damage to a person on the road
Damage to your bike as a result of natural and manmade calamities like floods, riots, earthquakes, etc.
Theft of your Honda SP 125
Damages resulting from fires

What’s not covered in Honda SP 125 bike insurance?

The Honda SP 125 insurance will not cover you in the following situations.

Riding as part of an illegal racing competition
Riding with a policy that has expired
Riding without a valid licence
Riding under the influence of clarity-altering substances
Riding in geographies that are not covered by the policy

Add-ons for Honda SP 125 bike insurance

You can buy add-ons with a Comprehensive Policy for your Honda SP 125 to widen the insurance coverage. However, check for the availability of the specific add-ons you need before making a policy purchase.

Zero Depreciation Cover
Consumables Cover
Key Replacement Cover
Roadside Assistance Cover
No Claim Bonus (NCB) Protection Cover
Outstation Emergency Cover

Why Acko?

ACKO provides wide-ranging bike insurance for Honda SP 125 bikes. In this section, we have highlighted some prominent reasons why you should choose ACKO two-wheeler insurance.

No middlemen

Typically, bike insurance companies employ middlemen/brokers to sell their two-wheeler policies. Fortunately, ACKO’s “no commissions policy helps you receive commission-free policy pricing while insuring your bike from our website/app.

Fast settlements

Receiving settlements for accident-related claims usually takes a minimum of a few days. In contrast, ACKO’s super-fast claim process ensures fast claim settlements. For instance, claims for minor damages are settled within just a few hours of the request.

Minimise costs

Apart from offering low-cost, commission-free policies, we also offer discounts on occasions and festivals. You can make use of these special discounts to minimise your costs and maximise your savings.

ACKO’s claim procedure

We have made our accident-related claim process as simple as possible for a hassle-free insurance experience.

Step 1: Visit the ACKO website or phone app and log in to your profile.
Step 2: Head to your Honda SP 125’s policy card and click “Claim Now”.
Step 3: Reply to a few questions based on the damages and upload relevant images. After that, click “Submit”.

Once we receive your claim request, we will process and settle it as per your policy terms.

Frequently asked questions

In this section, we have answered some common questions on Honda SP 125 bike insurance.

How can I buy ACKO’s bike insurance for my Honda SP 125?

You can buy ACKO’s bike insurance for your Honda SP 125 by visiting the website/app. You may have to fill in a few details like your bike’s make, model and year of manufacture. After that, select a suitable policy and make an online payment for the same. Once the payment has been made successfully, we will instantly email you the relevant policy document.