While bike insurance policies may vary in coverage and benefits offered, some common exclusions exist in all these policies. To avoid future surprises, you must familiarise yourself with what is not covered under your insurance policy.
For example, third-party bike insurance policies do not provide coverage for damages caused to your own two-wheeler. It is essential to read the policy document carefully to understand all exclusions and ensure you have the coverage you need.
This blog will discuss in detail some exclusions in your bike insurance.
Common Exclusions of a Two-Wheeler Insurance Policy
Below are some common exclusions, restrictions, and limitations that you should be aware of when you buy a bike policy online. Let’s examine them in detail.
Wear and Tear
Wear and tear is one of the most common exclusions in a bike insurance policy. It means the bike insurance policy will not cover damages caused to your bike due to ageing or everyday use. This includes rusted chains, general wear and tear on the bike components, and worn-out tyres.
You must properly maintain your two-wheeler to minimise wear and tear issues. Ensure regular replacements of worn-out parts and cleaning and tune-ups to maintain your bike.
Keeping your two-wheeler in good condition will help you avoid potential damage and ensure that your bike insurance will cover the expenses of any unexpected occurrence.
Stunts and Racing
Some individuals enjoy performing stunts and participating in races on their two-wheelers. However, it is important to be aware that a bike insurance policy does not cover any injuries or damages caused while participating in such activities.
If you plan to perform stunts or racing, you can look for specific bike insurance policies that offer coverage for these activities. If you indulge in such activities without adequate protection, you might incur expensive medical bills or repairs in case something goes wrong.
Riding a Bike Under the Influence
Your bike insurance policy may not provide coverage for injuries or damages caused while riding a two-wheeler while under the influence of alcohol or drugs. This is a common exclusion from bike insurance policies as it is considered reckless behaviour to ride a motorcycle under the influence of a substance.
You must avoid riding while under the influence and always ride your two-wheeler responsibly to make sure that you are well-protected in the unfortunate case of an accident.
Riding without proper documents
If you are found riding your bike without the mandatory documents like driving licence and encounter an accident, the insurance company is not liable to pay for losses.
Unapproved Bike Modifications
Your bike insurance policy may not provide coverage for injuries or damages caused while riding if you make bike modifications like changing the frame or adding a motor. This is because these modifications can increase the risk of accidents and may not be approved by the bike insurance provider.
Therefore, you must check the modifications approved by your insurance provider before making any bike modifications.
Certain Natural Disasters
Your two-wheeler might be damaged in a natural disaster like an earthquake or hurricane. Most bike insurance policies provide coverage for damages caused by natural disasters. However, some policies have restrictions on the type of natural disasters that are covered.
For instance, earthquakes and flooding may not be covered under a certain bike policy. Therefore, before you get motorcycle insurance, ensure you fully understand the coverage provided and read the policy document carefully.
Geographical Limits and Purpose
Using the bike outside the geographical limits specified in the policy will not cover the damages in case of an unfortunate event. For example, riding your bike outside India and encountering an accident will not offer coverage under a bike insurance policy.
Similarly, if you have purchased a bike for personal use and are using it for commercial purpose, any damage to the bike or third-party will not be under the scope of your two-wheeler insurance policy.
Depreciation
Insurance providers typically do not cover a bike’s depreciation value over time. However, to get extensive coverage, you can opt for add-ons like zero depreciation cover.
To Wrap it Up
The importance of knowing what is not covered under your bike insurance policy should not be undermined. By being aware of your bike policy’s exclusions, restrictions, and limitations, you can avoid unexpected expenses and any surprises in case of an accident.
Additionally, knowing what is not covered under a bike insurance policy can help you make an informed decision. Therefore, read your policy documents carefully when you buy bike insurance.
