Piaggio Bike Insurance

Piaggio insurance can be easily purchased and renewed online, on Bajaj Markets. While you can opt for a basic, and low cost, third-party policy it is recommended to go for comprehensive insurance to truly protect your Piaggio bike from multiple threats and related expenses. Italian engineering and craftsmanship is at its finest with Piaggio bikes and scooters. Vespa by Piaggio, is one of the most iconic brands globally and is available in India in a price range of ₹98,000 to ₹1.42 Lakh (Delhi, ex-showroom). As per Motor Vehicle Act, you need to insure your bike before driving it on the roads.

Here is a list of some of the most popular Piaggio models and the Piaggio two-wheeler insurance price:

*The ex-showroom prices are for Delhi and are subject to change based on the city. **Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.

You can renew your Piaggio insurance online on Bajaj MarketsS by following the steps mentioned below:

• Visit the ‘Bike Insurance’ section on our website.

• Enter the details of your previous policy.

• Enter your personal details and your Piaggio bike details.

• Check your Piaggio two-wheeler insurance renewal premium.

• Make the payment online.

• Download the policy copy.

Do not forget to avail the No-Claim Bonus(NCB) in Two Wheeler Insurance discount at the time of Piaggio insurance renewal.

Note: NCB is earned on a claim-free policy term.

No matter how much care you take of your Piaggio bike by adhering to road-safety norms, it is vulnerable to damage regardless. Loss or damage to your bike due to accidents can burden you financially and emotionally, even if you are an experienced rider. In case of such unforeseen events, the recovery cost of your vehicle or the damage caused to it could incur significant expenses that may be as high as ₹10,000-₹40,000, or more. To avoid these expenses, it is important that you have your Piaggio bike insured. You can visit Bajaj Markets to check out the two-wheeler insurance plan for insuring your Piaggio bike.

You can choose from two types of Piaggio insurance plans:

1. Third-Party Bike Insurance

Third-party bike insurance is mandatory by law under the Motor Vehicles Act, 1988. However, this policy only covers third-party liabilities. Hence, the premium for Piaggio third-party insurance plans are affordable. However, the coverage in such policies is not extended to you or your Piaggio bike in any unfortunate event. So, if you are looking to buy an extensive cover for your Piaggio, it is recommended to go for a comprehensive bike insurance policy.

2. Comprehensive Bike Insurance

A comprehensive bike insurance plan will cover third-party liabilities and damages to your own two-wheeler. You can also enhance your comprehensive insurance policy with add-on benefits. Hence, a comprehensive Piaggio insurance plan has a relatively higher premium as compared to third-party bike insurance. However, having comprehensive Piaggio insurance ensures that your two-wheeler is financially protected in case of any unfortunate event.

Third-party bike insurance covers any damages or bodily injuries caused to a third party by your insured Piaggio. On the other hand, comprehensive bike insurance policies include third-party liabilities, damage caused to your two-wheeler because of malicious intent, repair and replacement expenses, damage caused due to natural disasters, etc.

Some of the expenses that are not covered in your Piaggio scooter insurance are regular wear and tear of the two-wheeler, damages caused due to overspeeding or driving under the influence of alcohol or without a valid driving licence, mechanical or electrical breakdown, etc.

There are two types of Piaggio two-wheeler insurance claims:

• Claim Cashless Bike Insurance for Piaggio 

  With cashless bike insurance claim, you can get your two-wheeler with accidental damages repaired at the nearest network garage. The insurance provider will directly pay the garage for the incurred expenses.

• Claim Reimbursement for Piaggio

  Here, you can get your two-wheeler fixed at your preferred garage, pay the repair/replacement expenses, and raise a reimbursement claim against your policy. Upon claim approval, the settlement amount is transferred to your bank amount (minus the deductible, if applicable).The documents that you need to file a claim for your Piaggio insurance are as follows:

1. Piaggio two-wheeler insurance policy document

2. Piaggio bike details

3. Insurer details

4. Details of the Incident

5. FIR copy, in case of theft/vandalism

6. Original bills and receipts of the vehicle repair

An unfortunate event like an accident or natural calamity can lead to substantial bike repair and replacement expenses. Your Piaggio bike insurance policy acts as a financial cushion in such times. So, if you are looking to get bike insurance for your Piaggio, take a look at the two-wheeler insurance plans available at Bajaj Markets. You can also use the bike insurance calculator to check the Piaggio bike insurance price for policies available on Bajaj Markets and compare them.