KTM Two Wheeler Insurance

KTM AG is a leading car and motorcycle manufacturer in the world. The company is well known for its off-road motorcycles, street motorcycles, and sports cars. The manufacturer offers several models of its two-wheelers and cars in various countries across the world, including India. If you have recently purchased a KTM motorcycle, read on to know how you can protect your bike with a two wheeler insurance policy.

Motorcycles Manufactured by KTM AG

The various motorcycles manufactured by KTM are as follows:

1. KTM MX
• 4-Stroke: KTM 450 SX-F, KTM 350 SX-F, and KTM 250 SX-F
• 2-Stroke: KTM 250 SX, KTM 150 SX, KTM 125 SX, KTM 85 SX 19/16, KTM 85 SX 17/14, KTM 65 SX, and KTM 50 SX
2. KTM Enduro
• 4-Stroke: KTM 500 EXC-F Six Days, KTM 500 EXC-F, KTM 450 EXC-F Six Days, and KTM 450 EXC-F, KTM  350 EXC-F Six Days, KTM 350 EXC-F, KTM 250 EXC-F Six Days, and KTM 250 EXC-F
• 2-Stroke: KTM 300 EXC TPI Six Days, KTM 300 EXC TPI, KTM 250 EXC TPI Six Days, KTM 250 EXC TPI, KTM 150 XC-W, and KTM 125 XC-W
3. KTM Freeride 250F
• KTM Travel: KTM 1290 Super Adventure R, KTM 1290 Super Adventure S, KTM 1090 Adventure R, KTM 1090 Adventure, and KTM 690 Enduro R
4. KTM 1290 Super Duke GT
• KTM Naked: KTM 790 Duke, KTM 690 Duke, KTM 390 Duke, KTM 250 Duke, and KTM 200 Duke
5. KT SuperSport: KTM RC 390 and KTM RC 200

*Note: Not all KTM motorcycle models are available in all countries.

Insurance for KTM Motorcycles

Given how expensive a KTM motorcycle can be, it becomes all the more necessary to insure your KTM bike with a two wheeler insurance policy that provides a good level of coverage. As a prospective policy buyer, you can choose to purchase a third-party liability-only insurance policy or a comprehensive two wheeler insurance policy, based on the type and level of coverage that you wish to receive.

Make sure to also take your premium payment ability into account when choosing a two wheeler insurance policy for your vehicle. Further, for premium bikes, it is advisable to purchase add-ons even if you are purchasing a comprehensive two wheeler insurance policy. Add-ons such as the Zero Depreciation Cover, Personal Accident Cover for the Co-Rider, etc., provide additional coverage to the policyholder with a nominal increase in premium.

Types of two wheeler insurance Policies Available for KTM Motorbikes

two wheeler insurance policy buyers can purchase any one of the three types of two wheeler insurance policies that are listed below:

• Third-Party Liability-Only Insurance Policy:

A third-party liability-only insurance cover is mandatory for all vehicle owners to purchase, as per the provisions of the Motor Vehicle Act, 1988. Thus, individuals who require a lesser amount of coverage often opt for this policy. That being said, individuals with expensive motorbikes are usually advised to opt for the comprehensive two wheeler insurance policy. A third-party liability-only insurance policy, as the name suggests, covers third-party liability. Thus, if you meet with an accident that causes damage to another individual’s (the third party, in the case) property, assets, or vehicles or if the accident results in bodily injury or death of the third party, this policy will cover the legal liability arising from such an event. Also, third-party liability-only insurance policies provide a personal accident cover to the policyholder.

• Comprehensive two wheeler insurance Policy:

The comprehensive two wheeler insurance policy provides more extensive coverage to the policyholder for a duration of one year, after which it will need to be renewed on an annual basis. This policy provides coverage against vehicle damage/loss caused to one’s own bike due to natural calamities and man-made events. Further, the owner or rider of the two-wheeler is provided a personal accident cover. The comprehensive two wheeler insurance policy also provides a third-party liability cover to the policyholder.

• Long-Term two wheeler insurance Policy:

Several motor insurance providers also offer customers a long-term two wheeler insurance policy, which is a variant of the comprehensive two wheeler insurance policy. The coverage offered by this policy is similar to that offered by a comprehensive two wheeler insurance policy. However, this policy offers coverage for a duration of 2 or 3 policy years, unlike comprehensive two wheeler insurance policies that provide coverage for a period of 1 year. Thus, policyholders only have to renew their two wheeler insurance policy every two or three years, as per the policy tenure chosen by them. The third-party premium, during this tenure, remains constant. In the case of long-term two wheeler insurance policies, if a policyholder who has previously received No Claim Bonuses raises a claim during the policy tenure, the No Claim Bonus will get reduced instead of becoming nil.

Exclusions under two wheeler insurance Policies for Kawasaki Two-Wheelers

A few common exclusions for the various types of two wheeler insurance policies are as follows:

1.Third-Party Liability-Only Insurance Policies: The general exclusions applicable for third-party liability-only insurance policies are as follows:

• Own-damage cover
• Not using one’s vehicle in accordance with the specified terms and conditions of the policy and the ‘limitations of use’
• Liability caused either indirectly or directly due to nuclear weapons
• Liability causes either directly or indirectly due to war, military rebellion, mutiny, etc.

2.Comprehensive two wheeler insurance Policies and Long-Term two wheeler insurance Policies: Some of the general exclusions that are applicable for both comprehensive two wheeler insurance policies and long-term two wheeler insurance policies are as follows:

• Damage or loss due to natural ageing of the motorbike
• Consequential loss
• Depreciation
• Mechanical and electrical breakdown
• Vehicle not being used in accordance with the general limitations of use and the terms of the policy
• Accidents caused by an individual riding without a valid driving licence
• Accidents caused by an individual riding while being intoxicated
• Damage or loss caused to the vehicle due to nuclear risk, mutiny, or war

Why is it Necessary to Insure KTM Motorcycle?

Insuring your KTM motorcycle with a two wheeler insurance policy is extremely important, especially since the Motor Vehicles Act, 1988 makes it mandatory for all vehicle owners to purchase motor insurance policies for their vehicles. Purchasing a comprehensive two wheeler insurance cover will protect you against any financial expenses that you might have to incur in the event of threats such as accidents, theft, natural calamities, and man-made events. Even a third-party liability-only policy will provide you with a significant personal accident cover and a third-party legal liability cover.

If you wish to receive extended coverage without having to renew your policy every year, you should consider purchasing a long-term two wheeler insurance policy. Thus, purchasing a two wheeler insurance policy will help you ride with a sense of security and peace of mind.

Before purchasing a bike insurance policy, it is necessary for prospective policy buyers to compare various policies, read through the policy document or the policy brochure to familiarise themselves with the features and benefits of the policy, check the exclusions, and request for premium quotes. Policy buyers can request for premium quotes by inputting a few details into the premium calculator tool, which one can find on the official websites of motor insurance providers. Prospective policy buyers can also compare various two wheeler insurance policies side by side on a trusted third-party insurance comparison website and then purchase a motor insurance policy that is suited to their needs.