Magma HDI Standalone Own Damage Bike Insurance

A standalone own damage vehicle insurance policy is a type of two-wheeler insurance policy that protects the policyholder's own insured two-wheeler against any loss/damage resulting from a mishap or an accident. Magma standalone two-wheeler own damage insurance will cover the two-wheeler's damage expenses in various scenarios, including theft, vandalism, damages from road accidents, damage from fire/explosion, and damage from natural/man-made calamities.

How does Magma HDI Standalone Two Wheeler Insurance Work?

The Magma HDI standalone own damage policy covers the policyholder's own damage costs in the case of an unexpected event. This cover provides monetary assistance to the policyholder in various unfortunate situations. Although a standalone own damage policy is not mandatory, its protection to the two-wheeler owner by providing financial service in difficult circumstances can make a significant difference.

Magma HDI Standalone Two Wheeler Insurance Vs. Third Party Two Wheeler Insurance Vs. Comprehensive Two Wheeler Insurance

How to Buy Magma HDI Standalone Two Wheeler Insurance?

To purchase a standalone own damage policy of Magma HDI two-wheeler insurance, simply follow these simple steps:

1. First, navigate the official website and select the 'Two-wheeler' tab.
2. Then, from the drop-down menu, select 'Standalone Own-Damage Insurance.'
3. Next, enter the registration number of your two-wheeler, make, model, and registration year.
4. Next, fill in your personal information, including your phone number, and click 'Submit and Get Quotes.'
5. Policy quotes based on the information you provide will be displayed; select a Magma HDI policy quote, a suitable add-on, and proceed to payment.
6. Make the payment; once the payment is received, the policy will be issued immediately and emailed to the registered email address.

What All is Covered Under Magma HDI Standalone Two Wheeler Insurance Policy?

These aspects are covered by the Magma HDI standalone own damage bike  insurance policy. 

• External means of damage include fire, explosion, self-ignition, accidents, and so on.
• Lightning, landslide, flood, earthquake, inundation, typhoon, rockslide, storm, tempest, hailstorm, frost, hurricane, and cyclone are some examples of natural calamities.
• Burglary, theft riot, strike, malicious act, and terrorist activity or being a victim of any such criminal behavior.
• Any damage sustained while traveling by road, rail, air, inland waterway, lift, or elevator.

What All is not Covered Under Magma HDI Standalone Two Wheeler Insurance Policy?

The following items are not covered by a Magma HDI standalone own damage two-wheeler insurance policy:

• Third-party liabilities.
• Normal two-wheeler wear and tear as the vehicle ages.
• Depreciation or any resulting loss.
• Mechanical or electrical failure.
• If the driver meets with an accident after consuming addictive liquor, drugs, or other such things.
• Damage caused by operating a two-wheeler without a valid licence/policy.
• Loss/damage as a result of war, mutiny, or nuclear risk.
• Use of the vehicle in violation of the policy's limitation as to use clause.

Magma HDI Standalone Two Wheeler Insurance Benefits

These are the benefits one get after buying a Magma HDI standalone own damage two-wheeler insurance Policy:

• This policy will cover the insured's own two-wheeler's expenses in a mishap.
• The policyholder enjoys an NCB for each claimless year.
• The ability to choose a suitable add-on coverage option to expand the policy's coverage.
• Quick and easy cashless claim settlement process.
• Wide network of network garages in India.
• Instant quotes online.
• Supportive and friendly customer service.

Magma HDI Standalone Two Wheeler Insurance Review

Easy to enroll with a smooth payment gateway, Magma HDI provides excellent customer satisfaction with top-notch customer support and issue resolution.  This is the reason when it comes to buying standalone OD policy, Magma HDI is one such reliable name to trust.