United Two Wheeler Insurance

Hello, I want to know the details of the United Two Wheeler Insurance, will you please provide me?

[Shaleen]

Hello, here I am providing you the details of the United Two Wheeler Insurance as under:

About the insurance:
Motor vehicle which includes private cars Motorised Two wheelers and Commercial vehicles excluding vehicles running on rails.

Who can Insure:
Owners of the vehicle Financiers or Lessee who have insurable interest in a motor vehicle.

Insured's Declared Value (IDV)
(a) In case of vehicle not exceeding 5 years of age the IDV has to be arrived at by applying the percentage of depreciation specified in the tariff on the showroom price of the particular make and model of the vehicle.
(b) In case of vehicles exceeding 5 years of age and Obsolete models (manufacture of those vehicles which have been stopped by the manufacturers) they have to be insured for the prevailing market value of the same as agreed to between the insurer and the insured.

It covers:
Accidental external means
Fire Self ignition lightning
Burglary house breaking or theft
Terrorist activity
Riot Strike and Malicious Damage
Earthquake
Flood cyclone and Inundation etc
While in transit by rail road air elevator lift or inland waterways
Landslide or workslide

Discounts offered:
Installation of ARAI-approved anti-theft devices: @ 2.5% or Rs.200, whichever is less.
Membership with recognised auto associations: @ 5% or Rs.200, whichever is less.
Special vehicles: @ 50% for use by the differently-abled.
Classic/Vintage cars: @ 25% for cars produced before 21.12.1940, recognised by the Vintage and Classic Cars Club of India.
Use within the insured’s premises: @ 33% on tariff rates.