The Yamaha YZF Insurance helps in keeping your bike secure from own damage, personal accidental cover, third-party damages or damages due to natural calamities or terror attacks. The Japanese motor company, Yamaha, is known for manufacturing trendy bikes designed with the latest engineering that ensures a smooth riding experience. However, like any other vehicle, the Yamaha YZF is also prone to unforeseen events such as accidents, theft, damages due to natural calamities and such. Therefore, it is wise to get your Yamaha YZF insured against such events to safeguard yourself financially. Let's look at the Yamaha YZF Insurance prices, features and benefits.
Let’s take a look at the variants for YZF R15 and their ex-showroom price:
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A third party bike insurance cover is a basic form of two-wheeler insurance that protects you from third-party liability and provides financial cover to the third party involved in an accident for damages and personal accident expenses. As per the Motor Vehicles Act, 1988, third party insurance is mandatory for all vehicles in India.
A comprehensive insurance plan is a more advanced policy that protects you and your vehicle apart from providing third-party insurance cover. You also have the option to enhance your policy by adding extra covers like zero depreciation or theft cover. While comprehensive bike insurance is generally more expensive than third-party insurance, it can save you the costs of repairs during emergencies, in the long run.
The following situations/circumstances will be covered under your Yamaha YZF insurance plan:
Own damage cover due to loss or damage of the insured vehicle
Third-party liability due to damage or injury to third-party
Personal accident cover
Loss or damage due to theft or natural calamities
Total loss because of explosions, fire or terror attacks.
The following situations/circumstances will be excluded from your Yamaha YZF insurance plan:
Regular electrical and mechanical repairs
Tyre damage (unless the two-wheeler is damaged as well)
Driving without a valid license
Driver under influence of drugs or other intoxicants
Third-party liability cover
Two-wheeler used for illegal practices
Two-wheeler used outside geographical perimeters
Vehicle rented for goods carriage or rewards
Here is a list of add-on covers you can buy along with your Yamaha YZF bike insurance:
Zero Depreciation Cover
With a zero depreciation cover in bike insurance, the full market price value of your bike will be eligible for the insurance claim in case of damage or theft of the bike, regardless of depreciation. With this cover, you can get the full retail value of your bike back in case of theft or total accidental damage.
Personal Accident Cover
In the case of a bike accident, any injury, disability or even death of the policyholder or driver will be covered under the personal accident cover for bike insurance.
Generally, the cost of consumables is not covered under your Yamaha YZF two-wheeler policy. However, the consumables cover add-on also provides coverage for consumables such as coolant, oil change etc.
Return to Invoice Cover
In case your bike is fully damaged or stolen, the full market price of the bike that you paid at the time of purchase will be refunded under the insurance cover.
NCB Protection Cover
The No Claim Bonus (NCB) in bike insurance is a discount offered to policyholders who do not make any insurance claims during a given policy year. An NCB cover add-on allows the policyholder to make up to two insurance claims in a given policy year without losing the NCB benefit.
Here are the simple steps you can follow to apply for Yamaha YZF Bike Insurance at Bajaj Markets online:
Two-wheeler insurance has two types of claims: Cashless claims and Reimbursement Claims. In cashless claims, you only have to pay a certain deductible fee and the remaining expense will be borne by the insurance company.
For reimbursement claims, first, you report the damage to the insurance company and then pay all the repair expenses. Later, this amount is reimbursed by the insurance company.
A reimbursement claim is convenient and stress-free for quicker settlement.
Here are the steps you can follow to renew your Yamaha YZF bike insurance:
You can use the bike insurance calculator to find the Yamaha YZF bike insurance premium estimates.
In case of an accident, submit the following documents to make an insurance claim:
Copy of insurance policy, vehicle registration certificate, licence, and FIR
Filled and signed claim form
Repair bills and payment receipts
Vehicle inspection address
Vehicle repair cost estimate
In the case of theft, you will need to submit the following documents.
FIR and final report of police
Original insurance policy document and RC book
Claim discharge voucher
Theft declaration from RTO
Letter of Subrogation
While the Yamaha YZF series of bikes are a great choice, you may have to pay a lot of money for repairs and maintenance as most bikes in the YZF series are high-end sports bikes. Comprehensive bike insurance can keep you financially covered for the expensive costs of repair and parts replacements in the case of an accident; additionally, you can get the monetary value of your bike returned to you in case of theft. Moreover, as mentioned earlier, all vehicles in India need to have at least third-party insurance cover to drive on Indian roads. If you are looking to buy insurance, you should look into the two-wheeler insurance plans available on Bajaj Markets.
You can get a Yamaha YZF bike insurance policy on Bajaj Markets online or other insurance websites and aggregators.
The cost of premiums for your bike will depend on the variant you choose and its engine capacity. You can calculate the insurance premium estimates for your bike using the bike insurance calculator.
A comprehensive insurance plan will be the best choice if you want the highest level of protection for your Yamaha YZF bike.
The ex-showroom price of Yamaha YZF R15 is ₹1.58 lakh (Delhi).
Yes, it is completely safe to buy bike insurance online, as long as you purchase it from a reputed and legitimate source.