Own Damage Cover in Bike Insurance Explained

Bike own damage insurance is a two-wheeler policy that covers only your insured vehicle against losses or damages. It offers financial protection in the event that your bike is damaged due to accidents, theft, fire, natural disasters, riots, vandalism, or collisions.

Unlike third-party bike insurance, which covers liabilities towards others, this policy focuses exclusively on safeguarding your own bike. The insurer compensates for repair or replacement costs of damaged parts, which eases your financial burden.

When you buy two-wheeler insurance with OD cover, you ensure that sudden and unforeseen events do not strain your pocket. It is an essential cover for bike owners who want comprehensive protection for their two-wheeler.

Also Read: What Are the Types of Bike Insurance in India?

Own damage insurance two wheeler policy is not mandatory in India. The Motor Vehicles Act only makes third-party bike insurance compulsory to ride legally. However, own damage insurance offers valuable financial protection for your two-wheeler against accidents, theft, fire, or natural disasters.

While not legally required, it is strongly recommended for safeguarding your bike and reducing out-of-pocket repair expenses. Choosing this cover ensures better security and peace of mind for bike owners.

Your own damage bike insurance cover is essential because it protects your two-wheeler against accidental damage.

While third-party insurance only covers liabilities related to another person’s injury, death, or property damage, it does not cover the damages caused to your own bike. This means you would bear repair costs yourself if your vehicle is damaged.

With an own-damage cover, you can claim compensation for repairs or replacements caused by accidents, theft, fire, or natural disasters. It ensures complete protection for your bike.

Return to Invoice (RTI)

This cover reimburses the gap between your bike’s IDV payout and its original invoice price or current replacement price if declared a total loss or stolen. It also includes first-time registration charges and road tax, provided you are the owner and the claim conditions are met.

Depreciation Allowance

With this add-on, you are compensated for depreciation deducted on replaced parts during a bike own damage insurance claim. It ensures higher claim value and lowers your out-of-pocket repair costs. The benefit applies for a specified number of claims during the policy term, as mentioned on the policy schedule, with a fixed deductible applied to each claim.

Consumable Expenses Cover

This cover reimburses the cost of consumables like engine oil, gear oil, nuts, bolts, washers, grease, and brake oil that need replacement after an accident. It is valid only if repairs are carried out at an authorised garage and linked to a valid own damage claim under the policy.

Emergency Medical Expenses

If you or your pillioner sustains injuries in an accident, this cover reimburses emergency medical costs, hospitalisation charges, and ambulance expenses. It applies only when treatment is directly related to accident injuries and supported by valid medical bills.

Roadside Assistance

This add-on ensures help in emergencies like a flat tyre, dead battery, empty fuel tank, misplaced keys, or mechanical breakdown. It covers on-the-spot repairs, towing services, and even alternate vehicle arrangements if needed. Roadside assistance cover in own damage insurance for bikes keeps you moving without worry during unexpected breakdowns.

Engine Secure

Engine Secure protects against costly engine repairs due to water ingress, accidental oil leakage, or gearbox damage. It reimburses repair costs, including consumables like lubricants. Special conditions apply, such as prompt intimation and towing the bike within two days of the water receding. This cover is valid for bikes up to seven years old.

Electric Surge Secure

This bike own damage insurance add-on safeguards electric two-wheelers and charging equipment against damage from short circuits, arcing, self-heating, or water ingress while charging. It covers both partial and total loss, limited to the bike’s IDV.

Depreciation Allowance - Battery

If your battery needs replacement after an accident-related claim, this add-on reimburses the depreciation deducted from its value. It ensures you receive a higher settlement for battery replacement costs.

Tyre and Rim Secure

This bike's own damage insurance cover pays for the repair or replacement of tyres and rims damaged due to accidents, blowouts, or potholes. Compensation depends on tread depth, with higher reimbursement for newer tyres. It also includes labour and consumable costs for replacements.

• Loss or Damage by Accident / External Means - The policy covers physical damage to your bike caused by sudden, unforeseen external events, such as collisions with another vehicle or object.
• Fire, Explosion, Self-Ignition, Lightning - Any harm to your insured two-wheeler arising from fire, explosion, spontaneous ignition, or lightning is included.
• Theft, Burglary, Housebreaking - If your bike is stolen, or suffers damage during attempted theft, burglary or forced entry, you can claim under own-damage bike insurance.
• Riot, Strike, Malicious Acts - The OD cover also protects against damages caused by man-made calamities and civil commotion, such as riots, terror attacks, deliberate vandalism, and strikes.
• Natural Calamities / Acts of Nature - If your bike gets damaged due to natural calamities like earthquakes, floods, storms, cyclones, inundation, landslide, rockslide, etc., your own-damage coverage will pay for the same.
• Transit Risk - Damage arising while your bike is being transported (by road, rail, inland waterway, lift or air) for purposes such as repairs or relocation is covered.
• Salvage & Removal Costs - The costs of removing debris, protecting the damaged bike, and redelivery to the repairer are covered (subject to the policy limit, up to ₹300).
• Constructive Total Loss (CTL) / Total Loss Cover - If the cost of repair exceeds a threshold (75% of Insured Declared Value), the bike is treated as CTL, and full IDV (less salvage) is payable.
• Depreciation of Parts - When parts are replaced, depreciation is applied as per schedule 50% on rubber, plastic; 30% on fibre glass; no depreciation on glass).
• Optional Add-On Covers - TATA AIG offers several add-ons you can opt for with your own damage bike insurance. Popular choices include: Zero Depreciation Cover, Engine Secure, Return to Invoice, and Consumables Cover.

• Wear and Tear / Ageing - Natural ageing, oxidation, corrosion, uneven tyre wear, defective wheel alignment, suspension failures, or tyres used beyond their manufacturer-specified life are not covered.
• Third-Party Damages: The plan does not cover third-party liabilities, such as injuries/death of a third party, or any damages caused to their property.
• Drunk Riding Damages: Damage caused to your two-wheeler while riding the same under the influence of alcohol or other intoxicating elements is not covered under the own damage insurance for bikes.
• Manufacturer Warranty / Maintenance Issues - Any damage already covered under the manufacturer's warranty, recall campaigns, or arising from neglect of scheduled maintenance and servicing is excluded.
• Riding without a License: In India, riding a bike without a valid Driving Licence (DL) is illegal. The own-damage cover plan will not cover any damages caused to your vehicle while riding without a license.
• Improper Use / Illegal Activities - Loss or damage from racing, rallying, reckless or hard driving, illegal activities, or fraudulent claims will not be entertained.
• Improper Repairs / Modifications - Loss due to poor workmanship during repairs, unapproved modifications, improper storage, or transport of tyres/tubes/rims is excluded.
• Partial Tyre and Rim Damage - Non-functional scratches, surface marks, vibrations, or noise on tyres/rims that do not affect performance, as well as claims for unmatched sets of tyres/rims, are not covered.
• Theft-Related Limits - Theft of tyres, tubes, or rims without theft of the entire insured bike, or claims for parts not originally supplied with the vehicle, unless endorsed in the policy, are not covered.
• Mechanical/Electrical Breakdown: Damages caused to the bike due to mechanical or electrical failure will not be covered under the own damage bike insurance plan.
• Outside Policy Terms: Damages or losses to your two-wheeler that are beyond the scope of the own damage policy’s terms and conditions will not be covered by the same.

The coverage of an own damage insurance plan for a two-wheeler is mainly based on the Insured Declared Value (IDV), which is the current market value of your bike after depreciation. This IDV becomes the maximum sum assured under your bike's own damage insurance.

Other key factors include:

• Make, Model, and Age of Bike - The specifications, and if your bike comes with advanced features, it will have a higher premium rate. The Premium amount for new bikes is usually higher than that for older ones.
• Registration City - Premiums and coverage vary depending on the city where your bike is registered.
• Add-On Covers - Optional covers, such as zero depreciation, engine protection, and consumables coverage, enhance protection.
• Claim History - Maintaining a good record without claims can help you earn a No Claim Bonus (NCB), which in turn reduces your renewal premium.
• Safety Equipment in the Bike - If you have an AIAA membership, you will have to pay lower premiums.
• Voluntary Deductibles - Deductibles that you will opt for at the time of the policy purchase.

Please note - You can use an online bike insurance premium calculator to calculate your premium rate for your two-wheeler.

Buying own damage insurance for a bike from TATA AIG online is quick and convenient. Follow these simple steps:

• Step 1: Visit the Official Website - Go to the TATA AIG bike insurance section. To buy Own damage bike insurance online.
• Step 2: Enter Vehicle Details - Fill in details such as your bike’s registration number, make, model, year of manufacture, and previous policy information if available.
• Step 3: Choose Policy Type - Select the standalone own damage insurance two-wheeler option if you already have valid third-party coverage.
• Step 4: Customise Your Plan - Review the coverage offered and add optional riders, such as Zero Depreciation Cover or Engine Protect, for enhanced protection.
• Step 5: Get a Premium Quote - The system will calculate your premium based on the bike’s Insured Declared Value (IDV), location, and other factors.
• Step 6: Make Payment - Pay securely online using credit/debit cards, UPI, or net banking.

Once payment is complete, your bike's own damage insurance policy will be emailed instantly. You can download and save it for future reference.

Also Read: How & When to Change/Upgrade/Port Your Bike Insurance

• Step 1: Visit the Website - Go to the official TATA AIG website to renew your own damage insurance for bikes online.
• Step 2: Enter Details - Provide your existing policy number, bike registration details, and personal information.
• Step 3: Review Coverage - Check the policy details, IDV, and add-on covers. Modify or enhance coverage if required.
• Step 4: Get Premium Quote - The system will generate the renewal premium instantly based on updated details.
• Step 5: Make Payment - Pay securely online through cards, UPI, or net banking.
• Step 6: Receive Policy - The renewed own damage insurance for bike policy document will be sent instantly to your email.

Also Read: How to Renew Expired Bike Insurance Online

• Step 1: Intimate the Claim - Once you see the damage on your bike, immediately call and inform us about the incident that led to the damage. You can even register your claim online.
• Step 2: Submit Documents - Upload or share required documents such as the insurance policy, RC book, driving licence, and, in case of theft, an FIR copy.
• Step 3: Vehicle Inspection - A surveyor from TATA AIG will visit to inspect the vehicle and make an estimate based on the loss.
• Step 4: Repair Process - Take your bike to one of our network garages for cashless repairs or a preferred garage for reimbursement.
• Step 5: Claim Settlement - For cashless service, TATA AIG directly settles with the garage. For reimbursement, submit bills to receive compensation as per policy terms.

Read More: How to File Bike Insurance Claim

Owning a bike brings freedom and convenience, but it also comes with risks. Having your own damage insurance for a bike ensures that you are not left financially burdened after accidents, theft, fire, or natural disasters. While third-party insurance is mandatory, adding OD cover helps safeguard your own bike.

With TATA AIG, you can easily buy bike insurance online and enjoy features like 4700+ cashless garages, quick digital claim settlement, and flexible add-on covers. Whether you want to buy two wheeler insurance for the first time or renew your existing plan, TATA AIG offers simple and transparent processes.

If you are planning to buy bike insurance, TATA AIG ensures convenience, security, and trusted support every step of the way. From standalone own damage cover to comprehensive bike insurance, you get reliable protection tailored to your needs.

Protect your two-wheeler today, buy bike insurance online from TATA AIG and ride worry-free!