What Are The Reasons for Obtaining Own Damage Insurance for Your Two-Wheeler Before Embarking on A Road Journey? 

Travelling long distances on a bike can be fun. You get to see places, travel through various roads, eat local food, experience new cultures, and do a lot more during your road trip. Bike enthusiasts prefer going on a road trip from one city to another on their motorcycle. Be it a trip to Leh Ladakh, Darjeeling, Goa, Manali, or any other location, having insurance for a 2-wheeler is necessary to protect you from any kind of unwanted situations that may arise during the trip.

Buying third-party insurance for your bike is mandatory by the law. However, having an own-damage bike insurance policy offers you financial coverage for damages caused to your bike. 

When you are on a road trip, a bike OD policy is necessary along with third-party insurance. It will keep you covered against any damages caused to your bike. To know about the premium costs associated with own-damage bike policy, it is essential to use a bike insurance premium calculator. 

 What is Bike OD Insurance?  

An Own Damage bike insurance policy or bike OD insurance is a kind of two wheeler insurance policy that provides protection to the bike in case of any damages happen to it. It offers you financial protection against damages or losses to your bike.

The damages covered under the bike OD policy are accidents, theft, natural calamities, collisions, etc. The aspect of OD in bike insurance offers compensation in case of any damages to the bike. It offers financial assistance to repair or replace any parts of the two-wheeler. 

 Why Do You Need Own Damage Insurance for 2 Wheeler Before Going on A Road Trip?  

When you are on a road trip, you are enjoying the view from the road, you feel the breeze in your hair, and suddenly you hit a pothole. Your bike is damaged. It can also be a bump on the curb or a sudden skid while taking a turn on the road. If you do not have OD coverage for a two-wheeler, this could lead to a substantial expense. And your road trip will be ruined.

Let us explore why your own damage bike insurance plan is necessary before going on a long-distance road trip.

•  It Fixes Your Bike 

Unlike basic third-party insurance, which only covers damage you cause to others, Own Damage insurance protects your bike. If it gets a scratch, dent, or even damaged beyond repair due to an accident or natural calamity, you get coverage for that. You do not have to pay for repairs or parts replacement.

•  Offers you Peace of Mind without Spending A Lot 

A bike OD insurance can provide you peace of mind, knowing that your vehicle is entitled to coverage in case of damage. Some insurance companies offer cashless claims. It means you do not have to pay upfront for the repairs to your bike at a partner garage. The company settles the bills directly. 

•  No Need  to Worry about Bike Repair Expenses 

If you have OD insurance for a 2-wheeler, you can claim the repair value of the bike. In case the damage is too extensive, you get reimbursement up to a certain amount. For example, if the repair cost of the vehicle is more than 75% of the bike’s Insured Declared Value, you get compensation for the IDV value. 

 Inclusions in Own Damage Bike Insurance Policy  

• Natural Disasters: If your bike is damaged due to natural disasters like earthquakes, floods, cyclones, etc., you get coverage for that.
• Accidental Damages: For accidental damages to your bike, you get coverage for the repair or replacement of parts.
• Man-Made damages: If the damage to your bike is due to reasons like vandalism, riots, or terror attacks, you still get coverage for that.
• Thefts or Malicious Acts: If your bike is stolen or it is damaged intentionally, the insurance will help cover the losses. 
• Eire and Explosions: Coverage includes damages from fire or explosions.
• Damage Beyond Repair: If your bike is damaged beyond repair, the insurance company will compensate you an amount based on the terms and conditions of the policy.

 Exclusions in Own Damage Bike Insurance Policy  

• Third-party Damages: OD bike insurance does not provide cover for injuries or damages to others or their property. 
• Drunk Riding Damages: If the rider is drunk or under the influence of alcohol while driving, then any damages that occur to the bike will not give coverage.
• Riding without a Licence: Riding without a valid licence will also not give you coverage under OD insurance for 2-wheeler.
• Mechanical/Electrical Breakdown: Your OD bike insurance will not give you coverage for damages that occurred due to mechanical or electrical issues.
• Outside Policy Terms: Damages to the bike outside the policy’s terms will not get coverage. 

 Conclusion  

Buying Own Damage bile insurance is a good choice before going on a long-distance road trip. However, you may also choose add-on coverage to get extra coverage on other aspects and have a peaceful trip.