MV Agusta Bike Insurance

Purchasing bike insurance has two benefits in India. One, it ensures that you follow the law. Two, it extends a layer of financial protection around your bike in case of damages. Without insurance, you can be penalised by the authorities and be vulnerable to financial losses in case of mishaps. If you own an MV Agusta bike, you need a tailor-made MV Agusta Bike Insurance Policy.

Yes, buying insurance for a high-end bike can be expensive. But it is certainly better than paying penalties and bike repairs. If you have a sound idea of what bike insurance has to offer in India, you can make the most of your insurance plan without spending a lot for it. This article will not only inform you about different aspects of bike insurance but also help you make the correct decision regarding your MV Agusta’s Bike Insurance Policy.

Listed below are key benefits of ensuring that your MV Agusta is always covered by a Comprehensive Bike Insurance Plan.

The Indian law requires you to insure your bike if you plan to ride it on public roads. By buying and renewing the bike’s insuring policy, you comply with the law.

Accidentally, your MV Agusta bike can get involved in an accident and injure a third party or cause damage to a third-party’s property. In such cases, you are liable to pay for the injury/damages. However, with an insurance policy, the insurer will manage such liabilities as per the policy’s terms and conditions.

An all-round policy will ensure that your hard-earned money is not spent on repairing your bike. The insurer will take care of repairs.

When it comes to bikes like MV Agusta, it is of utmost importance to opt for an all-round policy. In India, such a policy is known as a Comprehensive Cover. Here’s an overview of the inclusions of such a cover. Note that these inclusions can vary from one insurance company to another. It’s best to check the policy’s inclusions before buying it.

• Cover for the MV Agusta bike in case of damage due to fire.

• Cover for the MV Agusta bike against natural and man-made calamities.

• Theft cover for the MV Agusta bike.

• The mandatory Third-party Liability Bike Insurance cover.

Insurance policies do have their limitations. A Policy Document will not guarantee claim settlement. The reason for which you want to raise a claim must be a part of the policy’s inclusions. Also, it should not be a part of the policy’s exclusions. Here’s a list of common exclusions of a Comprehensive Plan. Make it a point to check out the exact list of exclusions before purchasing the plan. Also, go through it before raising a claim.

• MV Agusta shall not be covered if the rider/owner does not hold a valid insurance policy.

• MV Agusta shall not be covered if the rider/owner does not hold a valid Driving License.

• MV Agusta shall not be covered if the rider/owner is found riding the bike in a state of intoxication.

• MV Agusta shall not be covered in case of Consequential Damages.

• MV Agusta shall not be covered for other instances stated as exclusions in the Policy Wordings.

When you have chosen a reliable brand in the form of MV Agusta for your bike, you must also back it up with other reliable brands when it comes to related services such as insurance. You can consider Acko General Insurance for your MV Agusta because of the following benefits.

There was a time when people had to visit banks for basic tasks. But now, things are easier due to online banking. Similarly, MV Agusta two-wheeler insurance is also available online by visiting www.acko.com. You can insure your MV Agusta bike easily and quickly from the website.

Acko has removed two major impediments when it comes to bike insurance: paperwork and commission. The entire policy purchase process is online so there is no need for lengthy form-filling. Also, since you can directly buy from the website, there is no need for middlemen. As a result, there is no commission. This means low premium.

No one likes a complex claim settlement process. With Acko, you can raise claims online and track them as well. Simply let the claims team know of the damage to your bike, and they will handle your claim request smoothly.

Here’s a section of productive add-ons to be purchased with your wide-ranging two-wheeler insurance plan. Before you read the details of the add-ons, you must know that these optional covers come at a cost. There is no limit to purchasing a particular number but you need to go only for those that offer value to you. Also, such plans cannot be bought with a Liability-only plan.

During the claim settlement, insurers consider depreciation of the bike’s parts as well. This reduces the claim amount. But it can be avoided with this add-on and you can get a higher claim amount.

Such an add-on is a must for those who frequently travel in twos on the bike. This add-on offers a Personal Accident Cover to the person seated behind on the bike.

Want to raise claims without affecting the accumulated No Claim Bonus? This add-on does exactly that.

Receive the bike’s invoice value in the settlement in the unfortunate event of a total loss with this add-on.

Do not let the bike’s heart go uncovered. Major bike insurance policies do not cover engine damages. This add-on does.

This is the most important part of the insurance contract from a policyholder’s perspective. This is where the promise made by the insurer is fulfilled. Therefore, it is of utmost importance to choose an insurer that offers a transparent, smooth, and quick claim process. Usually, the claim process across insurers is the same. However, there can be changes in the process depending upon the insurer’s technology infrastructure and overall strategy. Here’s an overview of the process.

Step 1: Establish contact with the insurance company by the available means.

Step 2: Inform the company about the reason for raising a claim.

Step 3: Submit documents as requested.

Step 4: Answer the questions posed by the insurance company.

Step 5: Choose from the Cashless or a Reimbursement claim settlement method and complete the process.