Get your Yamaha R15 V4 bike insured in a simple and hassle-free way!
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Yamaha Motor Company is a Japanese bike manufacturer that produces all types of motorcycles, off-road vehicles, and snowmobiles. They are famous for their racing bikes and are amongst the leading motorcycle brands worldwide.
Yamaha bikes are particularly famous in India; their new Yamaha R15 V4 bike has gained quite a lot of popularity. If you are thinking about purchasing the Yamaha R15 V4 bike, it is also imperative for you to get insurance since it is a legal requirement in India per The Motor Vehicles Act of 1988.
Are you a new rider who wants to learn more about bike insurance or an expert rider looking for a comprehensive bike insurance policy? This article will tell you all about Yamaha R15 V4 bike insurance and its benefits.
Regardless of your riding skills, accidents or other unfortunate mishaps may occur suddenly; a reason why it is necessary to get Yamaha R15 V4 bike insurance which will provide financial protection in such cases.
The bike repair costs may put a hole in your pocket. However, with an insurance policy, the insurance company will compensate on your behalf, and you may only have to pay a small sum.
Bike insurance offers financial coverage against any losses or damages your bike suffers in case of a road accident, theft, fire, or natural and manmade calamities. There are several benefits of bike insurance, such as:
Indian bike riders must have a valid third-party bike insurance plan. Without valid bike insurance, you will be breaking the law and might have to pay a fine or a jail term of up to three months.
One of the significant advantages of Comprehensive Two-wheeler Insurance is that you will get protection against any damages to your vehicle incurred due to a collision, or natural and manmade calamities.
With Comprehensive Bike Insurance Policy, you will also get to purchase add-ons (subject to availability) to enhance the coverage.
This standard insurance plan does not cover the damage to your bike due to a mishap. A Third-party Insurance Policy is a legal requirement in India. Without one, you will be fined or may even go to jail. This policy will cover the damages to third-party property or injuries your Yamaha R15 V4 might cause to a third party.
Unlike Third-party Insurance, the comprehensive Yamaha R15 V4 bike insurance is more extensive. It offers the benefits of third-party cover and financial protection against damages to your bike.
This insurance plan will cover road accidents, theft, and the damages to your bike caused due to riots, vandalism, earthquake, floods, and other manmade and natural disasters.
If you want to enhance the scope and benefits of the plan, you can also purchase add-ons (subject to availability), which strengthen the standard comprehensive plan.
As mentioned earlier, Comprehensive Bike Insurance Policy offers more extensive coverage than a third-party plan. Here are the coverage details.
Property damage, death, or injury caused to a third party
Damages to your bike caused by natural disasters such as floods, earthquakes, tornados, etc.
Fire damage to the bike
Damages caused to your Yamaha R15 V4 due to manmade disasters such as riots, vandalism, explosions, etc.
In case someone has stolen your Yamaha R15 V4
Here are some instances in which your insurance company might reject your claim:
Damages caused due to illegal racing
Riding the Yamaha R15 V4 while being intoxicated
Riding without the bike’s legal documents such as insurance policy
Breaking traffic rules
Damages occurring due to general wear and tear
Electrical and mechanical malfunctions
If the insurance claim is raised with an expired plan
Generally, you can purchase the following add-ons with your comprehensive plan for Yamaha R15 V4. However, remember that these add-ons are not available with the third-party plan and are subject to availability.
Key Protection Cover
Roadside Assistance Cover
Zero Depreciation Cover
Engine Protection Cover
No Claim Bonus (NCB) Protection Cover
If you have made up your mind and want to purchase Yamaha R15 V4 bike insurance, know that selecting the best insurance company is also crucial. If you are looking for an insurance provider who offers seamless, hassle-free services with quick claim settlement, ACKO should be the first and go-to company. The following are the benefits you will get if you purchase bike insurance through ACKO:
With ACKO, you can compare insurance policies and choose the best one among the given options. Whether you want a personalized or comprehensive plan, standalone damage protection, etc. ACKO offers them all at the most affordable prices.
Most insurance companies in India perform a pre-inspection before insuring the bike. However, that's not the case when you choose ACKO for your insurance needs.
ACKO insurance claim settlement is quick without unnecessary delays. Claims for insignificant damages are settled within hours. In case of severe damage, it may take some time, but we make sure to complete the process as soon as possible.
ACKO is a digital-first insurance company. Insurance plans purchased from the ACKO website or application are affordable since no middlemen are involved.
The following are the steps you can follow to raise an insurance claim with ACKO:
Visit the official ACKO website.
Log in to your account.
Navigate and click on your insurance card.
Click 'Claim Now.'
Follow the steps outlined.
The most basic and affordable insurance policy plan for your Yamaha R15 V4 bike is the third-party insurance plan, which covers the damages and injuries the policyholder causes to a third party. However, it does not cover the damages incurred by your bike. Opt for Comprehensive Insurance since it combines Third-party Insurance and Own Damage (OD) Cover.
If you don't raise a claim during the insurance term, you get a discount known as NCB. This bonus can be used to pay a part of the renewal premium.
The cost of Yamaha R15 V4 Bike Insurance depends on the plan you purchase as well as the add-ons you get. Other factors affecting your insurance policy's price are the bike's age, IDV, model, etc.
Although third-party insurance is mandatory for Yamaha R15 V4, purchasing Comprehensive Insurance Policy is recommended as it also covers third-party damage.