Zurich Kotak Own Damage Bike Insurance

Zurich Kotak Own-Damage Bike Insurance Policy - Key Features

Here are the main highlights of the Zurich Kotak Own-Damage Bike Insurance policy:

*Disclaimer: The above table highlights the key features and is for reference purposes only. For understanding the exact coverage refer to the policy wordings.

Why Choose Zurich Kotak (formerly known as Kotak) Own-Damage Bike Insurance?

Own-damage insurance covers your bike or scooter against accidents, natural and man-made disasters, theft, and fire. To get complete protection, it is advisable to pair this insurance with mandatory third-party bike insurance.

Following are the top reasons that make Zurich Kotak own-damage bike insurance policy stand out:

• Quick Claim Processing: With a high Claim Settlement Ratio (CSR) of 98.31% in 2024, Kotak General Insurance Co. Ltd. ensures that claims are settled quickly and efficiently.
• No Claim Bonus: If you do not make any claims during the policy year, you earn a no-claim bonus. These discounts make your policy renewal premiums more affordable, reducing the overall premium amount of the two wheeler insurance.
• Wide Network of Cashless Garages: With access to more than 4,200 cashless garages across the country, you can easily get two-wheeler repairs done without any out-of-pocket expenses.

Inclusions of Zurich Kotak Own-Damage Bike Insurance

The inclusions of Zurich Kotak own-damage two wheeler insurance policy are as follows:

• Damage from man-made disasters like strikes, terrorist activities, etc., is included.
• Loss or damage resulting from natural calamities such as earthquakes, floods, storms, etc.
• Protection against losses caused by fire, explosions, etc.
• Accidents resulting in damages or losses are covered.
• Coverage extends to losses due to burglary or theft.

Exclusions of Zurich Kotak Own-Damage Bike Insurance

Zurich Kotak own-damage bike insurance policy does not provide coverage for the following:

• Damage from normal wear and tear or ageing of the vehicle.
• Mechanical or electrical breakdowns are not included.
• Depreciation or resulting losses, unless you have specific add-ons that cover them.
• Damages caused to a third-party in a road accident by the insured bike.
• Damage caused when driving the vehicle outside its authorised geographical limits.
• Damage caused by someone driving under the influence of drugs or alcohol.
• Any damage or loss that falls outside the terms and conditions of the policy.

How to Buy Zurich Kotak Own-Damage Bike Insurance Online?

Here's how you can buy Zurich Kotak bike insurance policy:

Step 1: Visit Policybazaar.com and click on 'Insurance Products' in the top menu.

Step 2: Select 'Own Damage Bike Insurance' from the options provided.

Step 3: Enter accurate details about your bike and click on the 'View Prices' button.

Step 4: Choose Zurich Kotak own-damage bike insurance from the list of insurers.

Step 5: Fill in all the required details accurately.

Step 6: Proceed to pay the premium amount online and you will receive the policy document via email on your registered email ID.

How to Raise Zurich Kotak Own-Damage Bike Insurance Claims?

The process to file a claim for Zurich Kotak own-damage bike insurance is as follows:

Step 1: Inform your insurance provider about the incident via an email or a phone call.

Step 2: Visit the insurer's website to download the claim form. Fill it out accurately, sign it, and arrange all necessary documents.

Step 3: Submit the completed claim form along with the required documents to the insurance company.

Step 4: Once your claim application is received, an appointed surveyor will assess the damages of your two-wheeler.

Step 5: The surveyor will submit the assessment report to the insurance provider for review, based on which your claim will either be approved or rejected.

Step 6: If your claim gets approved, you can opt for cashless repairs at any of the company's network garages. If you choose a non-network garage, pay the repair bills upfront and submit them to the insurer for reimbursement.

Documents Required for Zurich Kotak Own-Damage Bike Insurance Claim

The documents required to file a claim for Zurich Kotak own-damage bike insurance involve the following:

• A copy of the FIR (if applicable)
• Driving licence of the rider at the time of the accident
• RC or Registration Certificate of the bike
• Active own-damage bike insurance policy
• Completed and signed claim form
• Any other documents required by the insurance company

FAQs About Zurich Kotak Own-Damage Bike Insurance Policy