Two Wheeler Insurance in Pune

The green city “Pune” is growing day by day. It is the IT hub of Maharashtra, with a home to many MNCs. With this the population of Pune is also increasing. The city has many means of transportation like buses, rickshaws, taxis etc, but people still prefer two-wheelers over them. Currently, there are approximately more than 27 lakhs two-wheelers registered to ride on the public roads of Pune. If that alone isn't reason enough for a rise in accidents, the narrow roads, traffic congestion and long routes add to the case. Having a two-wheeler insurance in the city of Pune is a must, and legally required as per the Motor Vehicle Act 1988.

The city of Pune has one of the better transport systems in India, with the only city having plans for cycle lanes. The city also has bus lanes for many areas, but , despite all this the problem of traffic still persists. Along with it, Pune is hit with heavy rains every year. Also reckless riding, not enough well lit areas, narrow roads with blind spots add to the number of accidents in Pune. A two wheeler rider has to face many challenges in Pune like:

• Traffic & Accident Risk: Pune is the 2nd most populated city in Maharashtra. With areas like Swargate junction, M.G Road, Hinjewadi IT Park facing frequent traffic congestions, accident risk in these areas are high. Having a personal accident cover makes a logical sense in Pune.

• Monsoon & Flood: Pune receives an average of 700-800mm of rainfall annually. This has caused the problems of waterlogging around the city and sometimes, flooding. Pune's frequent waterlogging in areas like Sinhagad Road, Ambil Odha, and Pimpri can severely damage two-wheelers. Having comprehensive two-wheeler insurance that protects against natural disasters like flood and gives engine protection cover can help protect your motorcycle.

• Theft & Vandalism: Pune is congested and not very well lit during the dark hours. With areas like Kondhwa & Loni Kalbhor which recorded 700 vehicle thefts in a year, theft and vandalism is a huge problem for riders in Pune. If you have an insurance policy, you can claim for IDV in case of a theft.

• Network Garages: In Pune, insurers have a large network of Garages. A rider must consider which insurer provides the best network garage in their designated area. A network garage is essential for cashless transactions and while making a claim through insurance.

• Daily Commutes & Long Rides: As Pune is famous for the number of MNCs, riding your way to your company seems like a good choice. However, the IT hub is far from the main city of Pune, making daily commutes longer and hectic. Also, during peak hours there’s traffic you need to think about. To make sure your two-wheeler doesn't suffer, having a zero-depreciation cover might help out.

• RTO Regulations: Pune city has some strict RTO regulations. With introduction of e-Challan by Pune RTO, following rules and regulations is a must. One such regulation is carrying third-party two-wheeler insurance. Not carrying one can lead to fines up to ₹2000 for the first offence.

• Claim Process and Customer Support: Having a smooth claim process and excellent customer support from your insurance company gives peace of mind. You can worry about your daily life instead of worrying about the claim process if you choose an insurer wisely, Coverfox can help you out with this.

In Pune, there are currently 3 types of two-wheeler insurance available. Amongst the three, having a third-party two-wheeler insurance is mandatory. Here are the 3 types of two-wheeler insurance in the city of Pune:

1. Third-Party Two-Wheeler Insurance

A third party bike insurance covers damages done to the third party (vehicle, individual or property) during an accident. This type of insurance is mandatory as per the Motor Vehicle Act 1988 and not having it whilst riding the streets of Pune can lead to hefty fines.

• Inclusions: Only third-party damage is covered. (vehicle and Individual)

• Exclusions: Own Vehicle Damage, Personal Injuries, and Drunk or illegal riding.

2. Comprehensive Two-Wheeler Insurance

A comprehensive insurance covers third-party damages and damage done to your own bike. As the name suggests, comprehensive insurance can cover every aspect of your bike that needs to be insured by customising the insurance policy with add-ons. Things like natural calamities, theft, engine protections, etc are covered in comprehensive two-wheeler insurance (Depends on the customisation).

• Inclusions: Third-Party damage cover, Own bike damage cover, Protection against theft, Protection against natural/man made calamities, and Protection as per add-ons (Zero depreciation, engine protection, accessories protections, etc.).

• Exclusions: Normal wear and tear, Riding illegally or under influence, Unapproved bike modifications, War effects, and Mechanical or Electrical Breakdowns.

3. Standalone Own-Damage Insurance

Standalone own-damage insurance focuses solely on covering damages to your bike. This type of insurance is only available if you already have third-party insurance from the same or other insurer. This policy is best for those who already have third-party insurance and want to further protect their bike or two-wheeler.

• Inclusions: Own bike accident damages, Natural calamities, Man-Made hazards, Theft, and Fire.

• Exclusions: Third Party Liability, Damages that have been caused to the bike consequently and not during an accident, and Drunk Riding or Illegal Riding

You can buy two-wheeler insurance online through Coverfox in Pune very easily by:

1. Head over to the Coverfox website
2. Enter your bike’s registration number in the field given
3. Click on the button “Bought a new bike?” in order to purchase a new insurance policy
4. Fill in the RTO registry details
5. Click on “Get Quotes”
6. You will be redirected to a page where you will be presented with different quotes from reputable insurance companies
7. Select the policy that best fits your needs
8. Pay online through the secured payment gateway
9. Your policy will be e-mailed to you on your registered address

The process of renewing your two-wheeler insurance is simple and fast. To do so, follow these steps:

1. Head over to Coverfox website
2. Enter your registration number
3. Enter your previous policy details
4. Click on Get Quotes
5. Select the new policy that fits your needs
6. Pay online through the secured payment gateway.

If your old policy is from Covefox then:

1. Head over to Coverfox website
2. Click on Renew here
3. Enter your mobile number to login or use your old policy number
4. Select the new policy that fits your need
5. Pay online through the secured payment gateway.

Your policy will be renewed after the payment and verification of documents.

Documents Required to Buy/Renew Insurance Policy in Pune:

• Proof of purchase of the two wheeler (In case of new vehicle)
• Registration Certificate (RC)
• ID proof
• Address proof
• Driving Licence (DL)
• Previous Insurance policy (Incase of Renewals)

Follow these steps to make a claim for your two-wheeler insurance in Pune:

1. Contact your insurance company at the earliest and inform them about the incident
2. Lodge an FIR if required (In case of theft or severe accidents)
3. Evaluate the damage done through a garage (preferably an authorized garage by your insurance company)
4. Pay the service centre and apply for reimbursement
5. After filling in the necessary forms, submit the required documents
6. After proper verification, you will be reimbursed for the claim amount decided
7. Coverfox also offers excellent customer support if required.

Documents Required for Filing a Claim Are:

• Duly signed claim form
• Copy of valid vehicle Registration Certificate (R.C.)
• Copy of valid Driving Licence (D.L.)
• Copy of first two pages of policy document
• FIR for accidental damage
• Original repair bill, cash receipt, and proof of release.

Here are a few tips you can use to reduce two-wheeler insurance premium in Pune:

• Maintain NCBs (No claim bonuses) by avoiding making small/minor claims
• Opt for longer term insurance plans
• Maintain a good driving record
• Renew insurance policy on time before expiry
• Compare different insurers online
• Have proper safety gears installed
• Select high voluntary deductibles
• Bundle Policies (Third party + Own Damage insurance)
• Select only add-ons that you require

The Queen of Deccan “Pune” is a city of opportunities. Riding a two-wheeler in this city comes with its own problems, but that doesn't mean you will leave riding, instead have a proper two wheeler insurance policy and you are good to go! Purchase your two wheeler insurance today and ride safely.