Bike Insurance (Bicycle Insurance) : Is there seprate policy for this or I need to cover under Home Insurance only?

[pramod]

Thanks Rahul for your quick reply on this query!

- What is the process of claim?
- Is there any cooling off period like motor insurance?
- What are the premium charges?

Sorry for asking so many questions in one go :-)

[Manish_Kumar]

- Is there any cooling off period like motor insurance?

What is cooling-off period? Are you talking about free look period? If yes this is only in Life Isnurance and few health insurance policies.

- What is the process of claim?

Standard claim procedure you can get on the insurance company website. But I think FIR is must for any claim.

- What are the premium charges?

Premium for a Rs 10,000 bicycle will be Rs 500 and for a Rs 5,000 cycle, it would come around Rs 100. The insurance covers any damage caused to the bicycle by an accident and loss in case of theft.