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[Vespa SXL 150](www.acko.com) brings back the essence of the original Italian scooter. The modern touch added to the scooter makes it an attractive buy for the present times. But if you are considering buying a Vespa SXL 150, you should also plan for financial protection against potential accidental damages to your scooter. Read on to learn about Vespa SXL 150 bike insurance and why you should consider opting for online bike insurance.
Vespa SXL 150 is a good looking scooter and so needs to be financially protected against accidental damages. The two bike insurance policy options for your Vespa SXL 150 scooter are Third-party Bike Insurance Policy and Comprehensive Bike Insurance Policy.
A Third-party Bike Insurance Policy is the most basic plan available for a Vespa SXL 150 and is legally mandated for every bike owner to possess. Although it covers accidental injuries/death and property damage to a third party, it does not cover damages to the insured scooter.
A Comprehensive Bike Insurance Policy covers third party liabilities and offers an Own Damage (OD) cover as well. Accidental damages and damages caused by natural and man-made calamities are covered under an OD cover. Also, if required, add-ons can be chosen to extend the plan’s coverage.
A Personal Accident (PA) cover is mandated by law. It offers financial protection against accidental disability or death to the insured. For the best coverage, choose a Comprehensive Bike Insurance Policy with a PA cover.
Buying bike insurance offline is a tedious and time-consuming process. It will take at least a few weeks to receive a policy. On the contrary, buying bike insurance online will take only a few minutes and can be accomplished from the comfort of your home.
There are currently several online bike insurers that offer attractive policies. If you buy bike insurance online, you will have a lot of options to choose from. You can weigh out your options and choose the best policy for you.
Buying bike insurance online is quite straightforward. But, if you get stuck at any point, there is a live chat available to clarify your doubts. Also, if you prefer speaking to an executive instead, there is usually a toll-free number displayed to contact customer support.
Vespa SXL 150 can be insured under two types of bike insurance policies. Let us discuss both briefly.
Third-party Bike Insurance Policy is the most basic insurance policy available for two-wheelers. Also, it is legally mandatory to buy one as per The Motor Vehicles Act of 1988. Failure to do so is a punishable offence. This type of insurance offers coverage to accidental injuries and property damage to a third party. Nevertheless, it does not offer financial protection against accidental damages to the insured two-wheeler.
Comprehensive Bike Insurance Policy provides more expansive coverage than the previously discussed policy. Apart from offering coverage for third party liabilities, it also comes with an Own Damage (OD) cover. OD cover includes coverage for accidental damages and damages resulting from natural/man-made disasters. This plan also has the option of choosing add-ons to enhance its coverage. And it is the more recommended option.
The following are the inclusions of a Vespa SXL Comprehensive Bike Insurance.
Accidental property damage, injury or death to a third party
Damage/loss arising from natural calamities like floods, cyclones, earthquakes, etc.
Damage/loss arising from man-made calamities like fires, explosions, vandalism, etc.
Theft of the insured vehicle
Damage that cannot be repaired
Other inclusions if add-ons are selected
Note: Although a Personal Accident (PA) cover is not an inclusion of a Comprehensive Bike Insurance Policy, it is mandated by law to carry one. A PA cover offers financial protection against disability or death caused by an accident.
The following are the exclusions of a Vespa SXL 150 Comprehensive Bike Insurance.
Accidental damages incurred while taking part in illegal racing
Driving after the consumption of intoxicating substances
Driving without necessary documents
Ignoring traffic rules while driving
Damages resulting from electrical or mechanical malfunctions
Damages that are brought about by the wear and tear of vehicle parts
Damages that happen outside the geographical areas mentioned in the policy document
Below are the common add-ons available for a Vespa SXL 150 Comprehensive Bike Insurance Policy.
Zero Depreciation Cover
Personal Accident Cover
Bike Engine Protection Cover
Key Protection Cover
Roadside Assistance Cover
Outstation Emergency Cover
Personal Belongings Cover - Damage/Theft Cover
Note: The above-mentioned add-ons are subject to availability.
Here are the reasons why you should consider ACKO as your bike insurance provider.
ACKO is a digital insurance provider that works on a direct-to-customer basis. This helps to skip middle-men fees and other costs associated with operation. The savings made enable us to offer affordable policy premiums.
Claims are settled as quickly as possible in ACKO. Claims raised for minor damages are settled within a few hours. More extreme damages may take a bit longer to settle based on the scope of the damages.
Usually, after an insured bike suffers from accidental damages, a surveyor is sent to inspect the damages. Only after the inspection is completed, claims are granted. However, ACKO bike insurance skips this part completely and settles claims without surveyor inspection.
Follow the below three steps to raise a claim for your ACKO insured scooter.
Step 1: Sign in to your account on the ACKO website or mobile app.
Step 2: Find your Vespa SXL 150 policy card and click on “Claim Now”.
Step 3: Respond to the questions that come on your screen and upload pictures of the damages. After that click on “Submit”.
Note: After you submit your claim, our team will settle it as soon as possible. Minor damages will be settled on the same day. More severe ones may take a little longer.
The policy premium of bike insurance is dependent on the bike’s age, make/model, Insured Declared Value (IDV), etc. Since these are variables, the exact cost can only be determined after calculation. Nonetheless, you can visit our website, enter these details and get a free quote for your Vespa SXL 150 scooter.
ACKO runs on a digital infrastructure that allows direct-to-customer transactions. That means, unlike an offline insurance provider, there are no middlemen or in-between processes involved. This allows ACKO to save a lot of costs. These saved costs are shared with our customers in the form of affordable policies.
Since ACKO is a 100% digital insurer, the submission of physical documents is not required while buying bike insurance. The entire transaction is paperless.