*The ex-showroom prices are for Delhi and are subject to change based on the city.
**Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.
How Can You Apply for Piaggio Bike Insurance?
You can apply for your Piaggio two-wheeler insurance online on Finserv MARKETS with these easy steps:
- Visit the ‘Bike Insurance’ section on our website.
- Enter your Piaggio bike’s registration number and your mobile number.
- Fill the application with all the relevant details.
- Choose the Piaggio two-wheeler insurance plan as per your needs.
- Complete the insurance premium payment online.
- The Piaggio scooter insurance policy will be issued in no time.
How Can You Renew Piaggio Bike Insurance Online
You can renew your Piaggio insurance online on Finserv MARKETS by following the steps mentioned below:
- Visit the ‘Bike Insurance’ section on our website.
- Enter the details of your previous policy.
- Enter your personal details and your Piaggio bike details.
- Check your Piaggio two-wheeler insurance renewal premium.
- Make the payment online.
- Download the policy copy.
Do not forget to avail the No-Claim Bonus(NCB) in Two Wheeler Insurance discount at the time of Piaggio insurance renewal.
Note: NCB is earned on a claim-free policy term.
Read more: Bike Insurance Renewal
Why Insure Your Piaggio Bike?
No matter how much care you take of your Piaggio bike by adhering to road-safety norms, it is vulnerable to damage regardless. Loss or damage to your bike due to accidents can burden you financially and emotionally, even if you are an experienced rider. In case of such unforeseen events, the recovery cost of your vehicle or the damage caused to it could incur significant expenses that may be as high as ₹10,000-₹40,000, or more. To avoid these expenses, it is important that you have your Piaggio bike insured. You can visit Finserv MARKETS to check out the two-wheeler insurance plan for insuring your Piaggio bike.
Types of Piaggio Bike Insurance You Can Choose From
You can choose from two types of Piaggio insurance plans:
- Third-Party Bike Insurance
Third-party bike insurance is mandatory by law under the Motor Vehicles Act, 1988. However, this policy only covers third-party liabilities. Hence, the premium for Piaggio third-party insurance plans are affordable. However, the coverage in such policies is not extended to you or your Piaggio bike in any unfortunate event. So, if you are looking to buy an extensive cover for your Piaggio, it is recommended to go for a comprehensive bike insurance policy.
- Comprehensive Bike Insurance
A comprehensive Piaggio bike insurance plan will cover third-party liabilities and damages to your own two-wheeler. You can also enhance your comprehensive insurance policy with add-on benefits. Hence, a comprehensive Piaggio insurance plan has a relatively higher premium as compared to third-party bike insurance. However, having comprehensive Piaggio insurance ensures that your two-wheeler is financially protected in case of any unfortunate event.
What Does Your Piaggio Bike Insurance Cover?
Third-party bike insurance covers any damages or bodily injuries caused to a third party by your insured Piaggio. On the other hand, comprehensive bike insurance policies include third-party liabilities, damage caused to your two-wheeler because of malicious intent, repair and replacement expenses, damage caused due to natural disasters, etc.
What is Not Covered in Your Piaggio Bike Insurance?
Some of the expenses that are not covered in your Piaggio scooter insurance are regular wear and tear of the two-wheeler, damages caused due to overspeeding or driving under the influence of alcohol or without a valid driving licence, mechanical or electrical breakdown, etc.
Read More About: Inclusions & Exclusions of Bike Insurance Cover
Add-On Covers to Upgrade Your Piaggio Bike Insurance
Piaggio scooter insurance available from different insurance providers on Finserv MARKETS come with bespoke add-on covers to enhance the scope of your two-wheeler insurance coverage. These include:
- Zero Depreciation Cover
A zero-depreciation bike insurance cover covers you against the depreciation value of your Piaggio, thereby minimising your out-of-pocket expenses during a claim.
- Round-the-clock Spot Assistance
In the case of a sudden breakdown of your Piaggio, the round-the-clock assistance cover ensures towing services, fuel delivery, tyre change, and spare key requirements.
- Personal Accident Cover
This covers you and/or the pillion rider for the treatment cost of injuries due to an accident on your insured Piaggio.
- Return to Invoice
With this cover, you can get the complete value of your Piaggio in case it incurs total loss due to unforeseen events.
However, note that you can only enhance the scope of your comprehensive Piaggio insurance plan. You cannot opt for add-on covers on third-party bike insurance.
All You Need to Know to File a Claim for Your Piaggio Bike Insurance
There are two types of Piaggio two-wheeler insurance claims:
- Claim Cashless Bike Insurance for Piaggio
With cashless bike insurance claims, you can get your two-wheeler with accidental damages repaired at the nearest network garage. The insurance provider will directly pay the garage for the incurred expenses.
- Claim Reimbursement for Piaggio
Here, you can get your two-wheeler fixed at your preferred garage, pay the repair/replacement expenses, and raise a reimbursement claim against your policy. Upon claim approval, the settlement amount is transferred to your bank amount (minus the deductible, if applicable).
The documents that you need to file a claim for your Piaggio insurance are as follows:
- Piaggio two-wheeler insurance policy document
- Piaggio bike details
- Insurer details
- Details of the Incident
- FIR copy, in case of theft/vandalism
- Original bills and receipts of the vehicle repair
Read More About: Bike Insurance Claim Process
Tips to Reduce Piaggio Bike Insurance Cost
Here are some easy ways to reduce the insurance cost for your Piaggio bike insurance:
● Compare Bike Insurance Premiums
Various insurance companies offer bike insurance plans for Piaggio two-wheelers. Make sure you compare the premiums offered by these companies and then pick one that suits your needs.
● Only Choose Add-Ons That are Necessary
Too many add-ons can substantially increase your bike insurance premiums. So, only pick the add-ons you may really need to save costs.
● Avoid Claims for Small Amounts
Avoid filing bike insurance claims for inexpensive repairs as making multiple claims in a year can lead to an increase in the price of your premiums.
● Maintain Your Piaggio Two-Wheeler
Maintain your two-wheeler in a good condition and get it serviced regularly as the condition of your two-wheeler is an important factor to determine the bike insurance premium.
An unfortunate event like an accident or natural calamity can lead to substantial bike repair and replacement expenses. Your Piaggio bike insurance policy acts as a financial cushion in such times. So, if you are looking to get bike insurance for your Piaggio, take a look at the two-wheeler insurance plans available at Finserv MARKETS. You can also use the bike insurance calculator to check the Piaggio bike insurance price for policies available on Finserv MARKETS and compare them with the plans offered by