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Buy/Renew Yamaha Bike Insurance

Yamaha Bike Insurance

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Yamaha is a two-wheeler manufacturing company based in Japan. Founded in 1955, Yamaha started as a regional player, before foraying into international racing competitions such as the Moto GP. This helped them establish themselves on a global level. Yamaha entered the Indian market in 1985 and has managed to build its success story, ever since. 

As a brand that is associated with speed and comfort, Yamaha bikes come packed with features such as:

  • Traction control
  • Bluetooth connectivity for phones
  • Footrest for pillion rider
  • Digital display
  • Wide-grip tyres

Even though a Yamaha bike might be affordable, getting it repaired after an accident can be expensive. Having a Yamaha bike insurance policy pays for the damages instead of you having to pay for them. It is not just the bike, which is covered by the policy, but you, as a policyholder, are also financially covered. 

Add-on covers for your Yamaha Bike

 

There are various add-on covers available with Yamaha bike insurance policies in India. Some of the common add-ons include:

  • Zero Depreciation Cover 

    This add-on cover ensures that you receive the full claim amount without any deduction for depreciation on the value of the parts replaced.
  • Roadside Assistance Cover 

    This add-on cover provides assistance in case of a breakdown or accident on the road.
  • Personal Accident Cover for Pillion Rider

    This add-on covers the medical expenses for any injuries sustained by the pillion rider in an accident.
  • Engine Protect Cover 

    This add-on cover protects the engine of your Yamaha bike against damages caused due to water ingression or oil leaks.
  • Consumables Cover 

    This add-on cover provides coverage for the expenses incurred on the consumables like nuts and bolts, engine oil, etc. that need replacement during repairs.
  • NCB Protect Cover 

    This add-on cover ensures that your No Claim Bonus (NCB) is protected even if you make a claim during the policy period.
  • Key Protect Cover: 

    This add-on covers the expenses incurred for the repair or replacement of your Yamaha bike's keys in case of loss or damage.

Note that the availability and cost of add-ons may vary depending on the insurance provider and the specific policy you choose.

Inclusions and Exclusions of Yamaha Insurance

  • Inclusions

  • Exclusions

Your Yamaha insurance policy includes coverage for damages caused to third-party vehicles and property, third-party injuries resulting from an accident, damages caused by natural calamities such as floods and earthquakes, damages caused by man-made calamities like riots, and loss or damage of your bike due to fire or theft. 

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However, certain exclusions apply, such as driving with an expired or invalid license, driving under the influence of alcohol or drugs, using the bike for unlawful activities, routine wear and tear due to usage, and problems caused by electrical or mechanical breakdowns.

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Types of Insurance policies for Yamaha Bikes

If you are looking to purchase a brand-new Yamaha bike, there is a range of options for you to choose from. FZ, R15, Ray-Z and Fascino are some of the models that Yamaha offers.

When it comes to insuring your Yamaha bike, there are mainly two types of insurance policies available - third-party insurance and comprehensive insurance.

Third-Party Insurance for Yamaha:

This is the most basic and mandatory type of insurance policy that you need to have in order to legally ride your Yamaha bike on Indian roads. Third-party insurance for Yamaha covers damages or injuries caused to third-party vehicles, property or individuals in case of an accident. This means if you accidentally hit another vehicle or person, your third-party bike insurance policy will cover the damages or medical expenses for the third party involved in the accident..

Comprehensive Insurance for Yamaha:

A Comprehensive insurance policy for Yamaha is a more extensive and all-inclusive policy that covers third-party damages as well as damages to your own bike. In addition to covering third-party damages, a comprehensive Yamaha insurance policy also covers damages caused due to natural disasters like floods, earthquakes, etc. and man-made disasters like theft, riots, etc. It also provides personal accident cover for the rider of the Yamaha bike.

In summary, while third-party insurance for Yamaha is the basic and mandatory insurance policy that you need to have to legally ride your bike on Indian roads, a comprehensive insurance policy provides better coverage and protection for your Yamaha bike against a wider range of risks and damages.

How to buy bike insurance online for a Yamaha two-wheeler?

Buying Yamaha bike insurance online is a simple and convenient process. Follow these steps:

 

1. Research and compare insurance plans:

Start by researching and comparing different insurance plans offered by various insurance companies. Look for plans that offer the coverage you need and compare the premiums and features of each plan.

2. Choose the insurance company:

Once you have compared the plans, choose an insurance company that offers the best coverage at an affordable premium.

3. Visit the insurer's website:

Visit the website of the insurance company you have selected.

4. Enter your bike details:

Fill in your bike details, such as the make and model of your Yamaha two-wheeler, year of manufacture, registration number, and your personal details such as name, address, and contact number.

5. Choose the coverage:

Select the type of coverage you want for your Yamaha bike. You can opt for either third-party insurance or comprehensive insurance.

6. Add-on covers:

Check the available add-on covers and select the ones you need. Some of the popular add-on covers include zero depreciation, personal accident cover, pillion rider cover, etc. Your Yamaha insurance policy price may vary based on the number of add-ons that you have opted for.

7. Make payment:

Pay for the insurance policy online using a secure payment gateway.

8. Policy issuance:

Once the payment is successful, your Yamaha bike insurance policy will be issued and sent to your registered email ID.

 

If you wish to know the Yamaha insurance policy price, you can use a two-wheeler insurance calculator to get an estimated quote for your policy. 

How to Renew Yamaha Insurance Online?

Renewing Yamaha insurance online is a convenient and hassle-free process. Here are the steps to renew Yamaha insurance online:

1.      Visit the website of the insurance company that provided your current Yamaha insurance policy.

2.      Navigate to the "Renewal" section of the website.

3.      Enter the required details about your Yamaha bike, such as the registration number and the date of expiry of your current policy.

4.      Choose the type of Yamaha insurance policy that you want to renew.

5.      Review the policy details and check if any changes are required.

6.      Select any add-on covers that you would like to include in your policy.

7.      Pay the premium for your renewed policy online through a secure payment gateway.

8.      Once the payment is successful, you will receive an acknowledgement of the renewal of your Yamaha insurance policy.

 

Make sure to renew your Yamaha insurance policy before the expiry date to avoid any penalties or issues in case of a claim.

When you customise your policy during renewal, you might notice a difference in the Yamaha insurance renewal price. This could be due to the inclusion or exclusion of add-ons. 

How to file a Yamaha Insurance Claim?

Depending on the type of policy, you can either file a reimbursement or cashless claim for your Yamaha bike insurance. Here are the steps that you can follow:

 

1. Contact your insurance provider:

In case of an accident or damage to your bike, immediately inform your insurance provider. You can do this by calling the customer care number or visiting the website of your insurer.

 

2. Provide necessary details:

You will be required to provide details of the accident or damage to your bike, policy number, registration number, and other relevant details.

 

3. For cashless claim:

If you opt for cashless claim, your insurance provider will provide you with a list of network garages where you can get your bike repaired without having to pay any amount. The insurer will directly settle the repair bills with the garage.

 

4. For reimbursement claim:

In case you opt for a reimbursement claim, you will have to get your bike repaired at a garage of your choice and pay for the repair bills. You can then submit the bills to your insurance provider along with other relevant documents.

 

5. Survey of the bike:

In some cases, a survey of the bike may be required before the claim is processed. The surveyor appointed by the insurance company will assess the damage and provide a report.

 

6. Claim settlement:

Once the claim is approved, the insurer will settle the claim amount either through reimbursement or direct payment to the garage (in case of cashless claim).

 

It is important to note that the process for filing a reimbursement or cashless claim may vary depending on the insurance provider and the type of policy. It is advisable to thoroughly read the policy document and understand the claim process before purchasing the insurance.

Documents Required for Yamaha Bike Insurance Claim

The following are the documents that are typically required to file a Yamaha bike insurance claim in India:

 

·       Copy of the insurance policy

·       Copy of the registration certificate of the bike

·       Copy of the driving license of the rider

·       FIR (in case of theft or third-party damage)

·       Medical certificate (in case of injury to the rider or pillion)

·       Repair bills and payment receipts (in case of reimbursement claim)

·       Cashless claim form (in case of cashless claim)

·       Any other document that the insurance company may require for processing the claim

 

It is important to note that the exact list of required documents may vary based on the type of claim being filed and the specific requirements of the insurance company. It is always recommended to check with the insurer or refer to the policy document to ensure that all necessary documents are submitted for a smooth and hassle-free claim settlement process.

Frequently Asked Questions

What factors affect the premium of a bike insurance policy?

The premium of a bike insurance policy depends on several factors such as the bike's make and model, age of the bike, the purpose of usage, the engine capacity of the bike, the place of registration, and the type of insurance policy.

Can I transfer my bike insurance policy to another person if I sell my bike?

Yes, you can transfer the bike insurance policy to another person if you sell your bike. However, you need to inform the insurance company about the transfer and submit the necessary documents for the transfer.

How long does it take to settle a bike insurance claim?

The time taken to settle a bike insurance claim varies depending on the complexity of the claim and the insurance company's procedures. However, most insurance companies aim to settle claims within 30 days of receiving all the required documents.

What documents are required for filing a bike insurance claim?

The documents required for filing a bike insurance claim include the claim form, a copy of the bike's registration certificate, driving license, insurance policy document, FIR copy in case of theft or third-party damages, and repair bills and receipts.

Can I file a claim for damages incurred outside the geographical area covered by my insurance policy?

No, you, generally, cannot file a claim for damages that occurred outside the geographical area covered by your insurance policy. Insurance policies are designed to cover specific risks within certain geographic boundaries, and these boundaries are typically specified in the policy.

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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