Learn more about own damage car insurance policy for and how it can benefit you.
Own Damage provides coverage for your own motorbike in the event of damage or loss. Let’s say you’re driving and you get into an accident that damages your motorbike, or a third party has damaged or steal your motorbike. These will fall under own damage.
Own damage often includes damage or loss caused by theft, housebreaking, or malicious acts. A malicious act is defined as “intentional acts committed by a third party to cause damage to the insured vehicle.” Scratches and other forms of vandalism are also covered.
The premium of own damage is based on the fair market value of your vehicle. Own Damage also has a deductible, which is a set amount you must pay as part of your claim participation. When it comes to own damage for motorbike, there are a few considerations that have a direct effect on the premium. These include:
Own Damage usually covers the cost of damages to your motorbike due to the following things.
Own Damage also covers the following:
Own Damage Policy protects your bike against man-made calamities, theft, malicious acts, accidents, and natural calamities.
When you’re considering Own Damage policy, be aware that the following things are not covered.
Since it covers the your motorbike from damages, Own Damage Policy is a very useful form of protection in motorcycle insurance.
When it comes to insuring your motorbike, the age of it is one of the most important things that insurance companies take into account.
Since it covers the your motorbike from damages, Own Damage Policy is a very useful form of protection in motorcycle insurance. It covers damage to the insured vehicle caused by accidents, theft, or total loss. Own damage protects the insured in the event of a personal injury that results in disability or death.