Two-wheeler insurance for Royal Enfield
Third-party liability insurance:
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This is the most basic form of two-wheeler insurance; hence, also the cheapest. If your insured bike is involved in an accident for which you are responsible, this insurance offers protection for the damages caused to a third-party. The coverage of third-party liability insurance includes injuries or death faced by third party. It also offers cover for damage to third party property.
Comprehensive two-wheeler insurance:
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Comprehensive two-wheeler insurance offers complete protection to the life of the policyholder and also the insured bike. Essentially, if your insured bike was involved in an accident, the insurance will provide compensation for damages to the bike and for injuries/death suffered by you. The comprehensive insurance policy will also provide third-party liability coverage. Protection from theft and natural and man-made calamities is another part of the comprehensive cover.
You can get your Royal Enfield bike protected with any one of the following insurance types:
Third-party liability insurance
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This insurance cover only offers protection for liability on third-party life and property.
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This is the cheapest form of two-wheeler insurance.
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This is also referred to as ‘liability only’ cover or ‘act only’ policy.
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This insurance is mandated by the Motor Vehicles Act, 1988
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Claim settlement under third-party liability insurance happens in a motor accident claims tribunal, and is prone to complications.
Comprehensive insurance
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This insurance offers own-damage cover and third-party liability cover.
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It is more expensive than third-party liability insurance, as the coverage is wider
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This is also referred to as package policy.
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The comprehensive insurance cover is not mandated by law.
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Claim settlement under the own-damage section of the comprehensive cover is hassle-free, as it happens out of court.
