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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.
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What is Endorsement in Two-Wheeler Insurance?

Endorsement in Two-Wheeler Insurance

Riding your bike comes with its share of risks, making buying bike insurance a vital necessity. It protects your bike in case of accidents, theft, or damage and provides financial security against third-party liabilities. 

This is where an insurance endorsement comes in. A two-wheeler insurance endorsement is an official modification or addition to your existing insurance policy that allows you to adjust your coverage. Read on to know more about insurance endorsement, its importance, and the steps to apply for it,

What is the Meaning of Endorsement in a Bike Insurance Policy?

What is the Meaning of Endorsement in a Bike Insurance Policy?

An endorsement is an official change or addition to the original bike insurance policy document. It improves the policy's coverage, terms, or conditions by adjusting it according to the policyholders' needs.

Policy endorsement can be customised by adding, removing, or changing the coverage provided. If coverage changes, adjustments, or extra coverage are needed in the future,  the insurer or the policyholder can start updating the policy accordingly.

Importance of Endorsements in Bike Insurance

Endorsements are essential to bike insurance because they help the policy align with bike owners' needs, which change over time. Here's why it is crucial:

Importance  Description
Customisation An endorsement allows the customisation of insurance policies, such as increasing or decreasing the bike's IDV.
Coverage If you change your bike, your regular policy might not cover the new item, as it ensures the coverage includes these changes to protect you from losses.
Claim Processing Endorsement expresses all changes and additions in coverage and avoids confusion during claims processing.
Policy Detail Endorsements verify that all information about the bike and policyholder is accurate and help in claims and policy renewal.
Flexibility An endorsement provides flexibility to the policyholder to make changes in the policy as per their changing needs. 
Personalised Assistance Endorsements provide roadside assistance, emergency coverage, or protection against bike accidents. This adds layers of help to the insurer.

Types of Endorsements in Bike Insurance

Changes in Existing Policy

Addition to Exisiting Policy

Any modifications to your existing bike insurance policy can be made by requesting endorsements from your insurer. These endorsements allow you to update personal information or adjust specific terms of your coverage.
You can enhance your existing bike insurance plan by adding add-on covers through an endorsement, increasing the overall coverage beyond the basic plan. Regularly reviewing your policy to ensure it meets your current needs is recommended.

List of Accepted Endorsements for Two-wheeler Insurance

Following is the list of frequently approved endorsements for two-wheeler insurance, which enable policyholders to update or extend their policy as per requirements:

Type of Endorsement Description

Change in Policyholder Information		 When there is a correction or change in your name, contact number, or address.

Engine Change		 When there is a change or correction in the engine, a change in the number, or a correction in the engine's cubic capacity.

Personal Accident (PA)		 Inserts or amends coverage to pay out in the event of injury or death to the rider or pillion in the event of an accident.

Loss of Key		 It also pays for a lost key or the key lock mechanism of the two-wheeler's insurance.

Accident Damage Cover		 It also helps in case of accidental damage, which is generally not included in the policies.

Natural Calamities Cover		 It also covers damage caused by natural disasters like floods, earthquakes, or storms.

Roadside Assistance Cover		 Helps in emergency services such as towing, flat tire changes, and fuel delivery in case of a breakdown.

Transfer of Ownership or Nominee		 It also helps with inclusion/correction/change in nominee details or ownership.

Theft Protection		 It also pays to include anti-theft devices, which help track the bike in case of theft.

Add-on in Base Policy		 Helps add add-on covers to the base policy and increases the policy's premium amount.

Common Reasons for Endorsements in Bike Insurance

Endorsements are essential to fill the gap in standard insurance policies. In bike insurance, the endorsement is utilised for various reasons, allowing policyholders to modify or add to their coverage. Several common reasons include:

Ownership Changes

Ownership Changes

When a bike is sold or transferred, an endorsement is needed to modify the policyholder's information and cover the new owner. This helps ensure that the new owner is covered under the policy.

Address Changes

Address Changes

If the policyholder relocates to a new address, they should seek endorsement, which is necessary to change the address and provide for any probable variations in levels of risk.

Modifications

Modifications

If the bike is customised, an endorsement is required to alter the policy to support these modifications. This could impact your bike's value and risk profile, affecting your premium amount.

IDV Changes

IDV Changes

If there is a change in the value of the bike through modifications, upgrades, or depreciation, an endorsement must be used to modify the sum insured to match.

Riders

Riders

If the policyholder wishes to add or delete extra riders or named drivers from the policy, an endorsement must be made to record these modifications in the policy.

Policy Terms Changes

Policy Terms Changes

Occasionally, policyholders might need to modify the coverage limits, deductibles, or other policy terms, necessitating an endorsement to incorporate these changes.

How to Make an Endorsement in Bike Insurance Policy?

Submitting a policy endorsement request is a straightforward process. To request endorsement insurance, follow the given steps:

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Identifying Need

Determine the reasons for applying endorsement, whether for alterations to the bike, a change of ownership, or updating personal details.

Contacting Insurer

Contact your bike insurance provider and fill out the form and the terms and conditions.

Submit Documents

If required, submit supporting documents such as proof of address, vehicle details, or any other relevant information.

Pay Additional Charges

If it increases the benefits, an updated policy document containing the changes made is required.

Updated Document

After the endorsement, the insurer will provide an updated policy document that includes the changes.

Documents Required for Endorsement in Two-Wheeler Insurance

You must have certain documents to make changes to get an endorsement on your bike insurance policy. These documents ensure the correct modifications and adjustments to the coverage. The documents include:

Endorsement

Document Required

Add-on Cover

RC copy

Change in add-on cover

RC copy/ Invoice copy of the vehicle

Change in Address

Written consent + Aadhar card/Passport/DL

Change in Insured name + DOB

Copy of RC
+ Previous Year Policy

Change in Email address or Contact no.

Written consent

Change in Nominee Details

Name + DOB + Relation with a written consent

Vehicle Detail Change

Copy of RC

Impact of Endorsements on Bike Insurance Premiums and Coverage

On Coverage

On Premium

Coverages offered by your bike insurance policy will be changed with endorsements. Additional coverage can be obtained with endorsements such as different add-ons. Some endorsements may be restricted to a single country or general to international or cross-border coverage.
Endorsement changes your premium depending on whether they incur a higher or lower premium. For add-ons through endorsements, you raise your premium to adjust for enhanced protection. Similarly, the premium could decrease if you remove certain coverages, such as reducing coverage for some accessories.

How Frequently Can You Request Endorsement for Two-Wheeler Insurance?

You can request it for your bike insurance as often as needed, depending on the changes in your policy. Generally, you can request as much as necessary, but with the following considerations:

During Policy Terms

During Policy Terms

If your policy is active, you can make endorsements. You can also update your policy anytime if you add modifications or move to a new address.

Premium Adjustment

Premium Adjustment

If your endorsement causes an increase or decrease in premium, the insurer will adjust the premium, usually at the time of request.

Renewal Period

Renewal Period

While many insurers may prefer to process multiple endorsements during policy renewal, a request can be made anytime when the policy is active.

Validity of Two-Wheeler Insurance Endorsement

What is the Validity of Endorsements in Two-Wheeler Insurance Policy?

  • Once an endorsement is added to your bike insurance policy, it remains effective for the remaining period of the current policy. The changes reflected in the endorsement will stay valid until the policy term ends. 
  • The endorsement will no longer be valid after the policy expires. Additionally, an endorsement of a specific insurance plan component is valid based on its terms and conditions.
  • Endorsements provide flexibility to keep insurance aligned with the policyholder's evolving requirements, whether by including new coverage for certain risks or modifying the policyholder's information. 
  • Policyholders can keep their vehicles under coverage and up-to-date protection during the policy term by implementing endorsements.

FAQs about Endorsements in Bike Insurance

Manasvi Gupta

Written By:

Manasvi Gupta

Manasvi Gupta

Manasvi Gupta

Content Writer

Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.

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Manasvi Gupta

Manasvi Gupta

Content Writer

Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.

mayur-black-white-test

Reviewed By:

Mayur Kacholiya

mayur-black-white-test

Mayur Kacholiya

Product Head - Motor

Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.

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mayur-black-white-test

Mayur Kacholiya

Product Head - Motor

Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.

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