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Royal Enfield is among the oldest Indian motorbike production firms, with its headquarters in Chennai. It is a division of the Indian commercial vehicle manufacturer Eicher Motor Limited. The company markets itself as one of the bike manufacturers that have persisted through time and still managed to hold onto its loyal following.
As we have mentioned above, the brand has been able to keep its loyal customers through the years and has flourished successfully. Now, it should be no surprise that people all over the country wish to own a Royal Enfield bike. However, just buying a bike is not enough. People who wish to drive a Royal Enfield need to have Royal Enfield insurance. Having insurance for Royal Enfield is a must to drive the vehicle on the roads of India. If you are ever found driving your bike without two-wheeler insurance, you will be in severe trouble.
Thus, when you buy your bike, you must buy a bike insurance policy. You can buy a few different types of two-wheeler insurance when you buy your bike. And what is better, you also have the choice of purchase and Royal Enfield bike insurance renewal online. All you need to do is understand your Royal Enfield insurance online options and buy the one that is the best fit for you.
Different Types of Royal Enfield Bike Insurance Policies
As we have mentioned, you can choose from a few types of Royal Enfield insurance online, each different in its characteristics and price points. Therefore, we will briefly discuss your options, and you can choose the one that suits you best.
- Third-Party Liability Insurance
According to India’s Motor Vehicles Act, a bike must be insured to cover any liabilities resulting from losses or harm suffered by third parties due to collisions triggered by the insured bike. Such a plan is generally known as third-party liability insurance. Suppose the insured motorcycle causes an accident within the terms of this policy; any harm to or the death of third parties, including damage to their property, will be covered by the insurance policy. As you can tell, loss or harm to the insured bike is not covered by a third-party bike insurance policy. The covered bike may suffer some damages in any collision, and the insured motorcycle’s operator may also incur injuries. However, the insurance policy will not look into this.
- Comprehensive Insurance
This policy provides comprehensive all-around protection for you and your bike against every third-party liability. Comprehensive two-wheeler insurance provides the owner-driver with personal accident protection, coverage against monetary and legal third-party obligations, and own-damage coverage for the covered bike. Additionally, by supplying a list of special add-ons with your plan, you can acquire customised coverage against particular situations. If you are buying Royal Enfield insurance online, you can look closely at the different add-on options and choose those that you feel are the right fit for you and your bike. These can help you get a greater degree of protection and coverage.
- Standalone Own-Damage Protection
A form of bike insurance coverage known as Standalone Own Damage Insurance pays for damage to the covered two-wheeler. It includes robbery of the bike, the total damage to the bike, and losses brought on by natural and human-made disasters. However, this insurance does not cover third-party liabilities. Therefore, this policy can only be purchased with the legally required third-party liability coverage. When you buy the two in conjunction, your coverage is similar to that of comprehensive insurance. The only difference is that you cannot access add-ons in this type of insurance.
While the third-party bike insurance will cost you the least, it offers no benefits apart from covering third-party liability and saves you from the law. However, you should opt for a comprehensive insurance policy to reap the benefits of your Royal Enfield bullet insurance. In case you ever need to claim your insurance, you can do it easily from the website of your insurer, or you can contact the insurer’s customer support for help.
Summing Up
Now that you know the different types of two-wheeler insurance policies available in the market, you can decide which one you should buy. So when buying Royal Enfield insurance online, remember to look around, compare policies and choose the one that works the best for you. And once you decide, you can purchase your policy in a few clicks.
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