Yamaha Mt 15 Insurance

Yamaha MT 15 Summary

Yamaha MT 15 is a sports bike with a unique look having all the features of a hyper naked with a wide handlebar and agile handling function. It is a dynamic light weight bike of 138 kgs and has around 10 litres of fuel tank capacity. MT 15 is available in 4 variants , 4 colours and the price ranges between 1.40 Lakh to 1.48 Lakh. The bike features unique traits of transformer style fairing along with an LED projector headlamp, sculpted tank and a petite tail section along with wide handlebars.

Yamaha MT 15 Bike Insurance

In India, when an individual purchases a bike, it becomes really important for them to at least have a third party bike insurance plan in order to ride their bike legally on the public roads. In case, a person is caught riding their bike without a valid bike insurance plan, then they need to pay a penalty of Rs. 2000 and/0r up to 3 months of imprisonment.

Benefits of Buying Yamaha Mt 15 Bike Insurance from InsuranceDekho

InsuranceDekho lists bike insurance policies from some of the best bike insurance companies like New India Assurance, HDFC Ergo, Future Generali, etc. Here is how you can benefit from buying your Yamaha Mt 15 bike insurance from us.

Quick policy issuance

The insurance selection process on InsuranceDekho is quite simple. You enter your bike’s details, view quotes, select the right insurance policy, and pay. The entire process of selecting and paying for the ideal Honda 6g bike insurance takes just 5 minutes on InsuranceDekho.

Get Unbiased Information

Since InsuranceDekho is dedicated to providing you with the best Yamaha Mt 15 bike insurance policy, you get unbiased information about several major insurance companies. This can help you make a data-backed decision.

Select From The Best

Insurancedekho lists some of the best bike insurance companies in India, like HDFC Ergo, Royal Sundaram Bike Insurance, Cholamandalam MS, etc.

Dedicated Support Team

Avail the services of a dedicated support team available seven days a week. From insurance purchase to claim settlement, InsuranceDekho customers get the best of our customer support services.

What’s covered by Yamaha Mt 15 Bike Insurance?

Most bike insurance providers include the following factors in Yamaha Mt 15 bike insurance:

Types of Bike Insurance Plans

There are broadly three types of bike insurance plans available in the market:

1. Comprehensive Bike Insurance Plan

A comprehensive bike insurance plan offers coverage to the policyholder against own damage as well as third party damages i.e third party property or third party person. An own damage event could include burglary, theft, natural disaster, riots, terrorist activity, theft or any damages caused during travel.

2. Third Party Bike Insurance Plan

A third party liability insurance provides basic coverage to the policyholder. It offers protection against damages or losses to the third party vehicle and third party bodily injuries. This is the cheapest insurance plan available when compared to a comprehensive and own damage bike insurance plan. This is because it offers only basic coverage and it is mandatory to at least hold a third party bike insurance plan in order to avoid any legal actions on being caught.

3. Own Damage Bike Insurance Plan

The standalone own damage bike insurance plan is meant to offer coverage to the policyholder against any kind of damages or losses caused because of a mishap such as riot, theft, fire, etc or an accident. This bike insurance plan ought to be bought along with a compulsory third party bike insurance plan as this insurance plan offers coverage to your own vehicle and to a third party.

How to Purchase Bike Insurance for Yamaha MT-15 from InsuranceDekho?

Listed below are simple steps on how you can purchase bike insurance for your Yamaha MT-15 from InsuranceDekho:

Step 1: First, visit the InsuranceDekho website.

Step 2: Next, you need to fill in your bike number under the ‘Get your quotes’ option. However, in case you do not know your bike number, you can continue by entering your car’s brand, model, variant, fuel type, location and registration year.

Step 3: Enter your name and contact number to generate the best bike insurance plan quotes.

Step 4: Do the proper comparison and select the best insurance plan quote based on your requirements and budget.

Step 5: Lastly, make the necessary payment for the chosen bike insurance plan. The documents would be sent to you instantly on your registered email-Id.

Yamaha Mt 15 Insurance Claim Process

To begin the claim process for your Yamaha Mt 15 bike insurance, call your insurance provider immediately after the incident/accident that caused damage to your bike. The process may differ depending on the mode of the final settlement you chose when you signed your bike insurance agreement. Here are a few steps to follow to have a hassle-free claim process.

Register your claim

Immediately after the incident/accident/ theft, call your insurance provider and share your insurance policy details. Keep the following information handy at the time of calling your insurer:

1. Your policy number and registration details.
2. Your two-wheeler’s registration card.
3. Your driving licence number.

They will register your claim and provide a reference number for future use.

File an FIR

• An FIR is the first legal record of the events that led to your Yamaha Mt 15’s damage, especially in case of an accident or theft.
• Contact your nearest police station and provide them with relevant information to file an accurate FIR. Insurers have the right to refuse claim settlement if there is no FIR.

Surveyor Inspection

• Most insurers allot a surveyor to assess the extent of damage within 24 hours of receiving a claim settlement request.
• One must submit relevant documentation to the surveyor at the time of inspection.
• The surveyor sends a detailed report to the insurance company within 10-15 days of the incident.

Verification of Claim

The insurance company verifies the claim request based on the surveyor’s report and approves or denies a claim.

Final Settlement

• Depending on whether you have opted for cashless settlement or reimbursement, the bike is either repaired at one of the network garages or you may have the choice to repair it at a garage of your choice.
• Insurers calculate the final settlement after considering any add-ons that you may have opted for and the IDV of the two-wheeler at the time of settlement.

Documents Required for Yamaha Mt 15 Insurance Claim

Third-party insurance claim

For third-party cases, the documents for bike insurance claims include the following:

1. A correctly filled and signed claim form
2. A copy of the police FIR
3. A copy of the registration certificate (RC)
4. A copy of the driver’s licence (DL)
5. Stamp for the registered vehicle’s original documents.

Bike theft claim

In case of car theft, the insurer will need the following documents to process the claim:

1. A copy of your insurance policy
2. Theft declaration form from the RTO
3. A copy of the police FIR
4. Forms 28, 29, 30, and 35
5. Tax receipts
6. Subrogation letter
7. The original bike registration book
8. The previous policy information, such as the name of the insurer, duration, and time of the insurance policy.
9. Claim discharge voucher together with the revenue stamp signature
10. Important items like warranty cards, booklets, and duplicate keys
11. Official RTO intimation concerning theft and vehicle discontinuation.

Accident claim

Documents required for a bike insurance claim during an accident include the following:

• A duly filled and signed claim form
• Copy of your insurance policy
• Your car registration certificate copy
• Tax payment receipts
• A copy of the police FIR
• An estimation of the bike repair amount
• Original repair cost and payment receipts
• Bike inspection addres