Motor Cycle insurance protects your Motor Cycle from unforeseen risks and provides protection against the losses incurred as a result of – theft, financial loss caused by accidents and any subsequent liabilities. The premium of the insurance is dependent on the value of the Motor Cycle, type of coverage (Comprehensive or Third Party), Motor Cycle classification and the voluntary excess. Motor Cycle insurance gives confidence to drive peacefully.
Comprehensive is just that! It’s the full package that covers your Motor Cycle against damage caused by a number of insured events, such as theft, accidental damage and natural events (flood, earthquake, fire & storm) as well as protecting you from having to foot the bill should your Motor Cycle cause damage to someone else’s property.
Motor Cycle Third Party insurance covers your Motor Cycle against third party liabilities such as death and bodily injuries to third party.
Motor Cycle Third Party Enhanced insurance covers your Motor Cycle against third party liabilities such as death, bodily injuries to third party and losses or damages of third party property caused by accidents.
Motor Cycle Third Party Fire and Theft insurance covers your Motor Cycle against liabilities to other parties for death or bodily injuries, damages to other parties’ properties, fire damages to Motor Cycle and theft of your Motor Cycle.
Group Personal Accident policy that protects the insured’s throughout the day, even during the course of employment.
Car insurance protects your vehicle from unforeseen risks and provides protection against the losses incurred.
Home Insurance (Domestic Package) from Goldstar is comprehensive cover to protect your residential premises against various risks.
Insurance has parties to it. The first party, is the owner of the Motor Cycle. The second party, the Insurance Company and the third party is any other person who may be affected by the contract.
The buyer can get the policy transferred in his name by applying to the insurance company in which case an endorsement is made to the policy.
You can cancel your policy and the buyer can buy a new policy. You will get a refund for the unexpired / unused period provided there is no claim on the policy.
Third party policy covers the following risks: Death or injury to a third party
Comprehensive insurance policy covers your Motor Cycle against following risks:
You can still renew your policy after your Motor Cycle inspection is complete. Insurance companies may apply additional loading on premium if policy had expired 45-days earlier.
Yes, you can but your Motor Cycle needs to be inspected before it can be renewed to comprehensive policy.
For Transfer of Insurance from one owner to another you need to submit the below mentioned documents.
If you are buying a new Motor Cyclce and want to transfer your existing policy over, you would need to contact us at our customer services department and amend your current policy. There may be a variation in price and a change in underwriting criteria for the new Motor Cycle.
A Sale letter of your old Motor Cycle will be required.