Ola S1 Electric Scooter Insurance

Ola S1 is a part of ola's electric mission launched with the brand's goal that after 2025 no petrol two wheelers will be sold in India. The scooter is available in 10 stunning colours, features large boot space and iconic headlamp that give it a classic look. While riding the OLA S1 scooter seems to be of great fun, but it is equally important for you to be a responsible driver and insure the vehicle. Since an accident can happen anytime, anywhere, it is important that you insure your OLA S1 electric scooter with a bike insurance policy.

With the easy steps given below, you can buy or renew Ola S1 Scooter Insurance online on Coverfox.com. With us, you can get a discount up to 80% on bike insurance and also express claims assistance for a hassle-free claims experience.

• Visit official website of coverfox.com
• Click on bike
• Enter your bike number and policy expiry date
• If you are not sure of bike number, enter the bike name, bike registration RTO and previous policy expiry date
• In case if you have bought a new bike, click on bought a new bike and enter bike model and variant
• Click on view quotes
• Check on premium, coverage and other details
• Enter bike owner details like name, email address, nominee name, date of birth, etc
• Enter communication address and vehicle details
• Make the payment and get policy instantly

You can insure your Ola S1 Scooter with the below types of bike insurance.

Comprehensive bike insurance

• Provides coverage for damages caused to your own bike and third party
• Provides financial security and peace of mind
• Provides protection against damages caused due to theft, man-made or natural calamities
• Premium is decided based on the add on covers and extent of coverage

Third party insurance

• This is a liability insurance cover mandatory as per the Motor Vehicles Act, 1988
• Protects you against the damages caused to third person or property
• Premium for this type of policy is determined by the IRDA

• Zero depreciation cover: No depreciation is deducted at the time of claim.
• No claim bonus: NCB benefit is retained even in case you make a claim.
• Engine protection: Cost incurred towards replacement or repair of engine are covered.
• Passenger: In case of death or disability, coverage is provided for co-passengers.
• Return to invoice cover: Full amount mentioned in vehicle’s invoice is given in case of theft or complete damage.
• Roadside assistance cover: In case of vehicle breakdown or emergency, assistance is provided. Also includes taxi support, fuel support, etc.

Claiming for bike insurance for Ola S1 Electric Scooter is hassle-free if you are well aware of the steps involved.

Here’s how you can register claim for Ola S1 Electric scooter in case of third party, own damage or theft claim

Process of registering third party two wheeler insurance claim for Ola S1 Electric Scooter

Step 1: In case if the vehicle owner causes third party damage then the police as well as the insurer should be informed. In case if the vehicle owner is the victim, insurance details of the third party which has caused damage to the vehicle has to be taken down and information about the damages has to be passed on to their insurer.

Step 2: the insurance company then transfers the matter to the motor insurance tribunal who decides the compensation amount.

Process of registering own-damage two wheeler insurance claim for Ola S1 Electric Scooter Insurance

Step 1: In case of damages caused to the two-wheeler, the vehicle owner has to inform the insurance company and the nearest police station.

Step 2: A surveyor is appointed by the insurance company to examine the extent of damage. The surveyor prepares a report and sends the same to the garage.

Step 3: The insurer then pays for the damages subtracting the deductible amount.

Process of registering two-wheeler insurance claim in case of theft of Ola S1 Electric Scooter

Step 1: In case if the bike owner’s bike is stolen then the police and insurer both need to be informed immediately.

Step 2: Required documents like PUC certificate, license, and registration certificate have to be submitted. The insurer may also ask for original keys of the bike.

Step 3: Non-traceable certificate is issued by the police if the bike is not traceable. The claim is then settled as per the policy terms and conditions.