1. Home
2. Blogs

What add-on you should choose for your TVS Apache RTR 160 Own Damage Policy?

• 
• 
• 
• 0
• 0

Leading bike insurers like HDFC ERGO offer various add-on features with their primary insurance policy. Depending on your requirements and usage pattern of the bike, you should choose the best–suited one.

A motorbike is a significant means of personal transportation in India. Besides facilitating freedom of movement in a traffic-choked city or rural areas without proper roads or public transport, a motorcycle is an effective means of communication. Owning a motorbike is also a passion to many, and the machine plays an integral part in the life of bike enthusiasts. The TVS Apache RTR 160 is a bike lover’s dream machine that challenges the boundaries of performance. The TVS bike comes from TVS Motor, one of the most reputed Indian companies with a global footprint.

The new TVS Apache RTR 160 is positioned as a sports bike. Aptly termed the racer's choice, the RTR160 comes with a power rating of 11.8Kw @8750 rpm, a maximum torque of 13.85 Nm @ 7000 rpm, and a top speed of 107 km. The bike offers a unique combination of power, riding comfort, ease of handling, and eye-catching style. However, taking care of your dream possessions is essential.

Following a careful riding style and regular maintenance are crucial for your vehicle to continue to be a top performer, but equally important is covering your motorbike against unforeseen financial losses through the best-suited 2 wheeler insurance policies.

The guiding motor vehicle rules for all bikes (and other vehicles) in India specify a mandatory third-party bike insurance cover. In case of an accident, the third-party policy covers the financial cost of damage to property or individuals, termed in insurance parlance as third parties. What happens then to your bike? You will have to fund all repairs unless you are protected with TVS Apache Insurance, available from all leading insurance providers like HDFC ERGO.

Why should you Buy your Own Damage Cover for your TVS Apache RTR 160?

It is best to be prepared for all eventualities. Unexpected events happen, and a sudden accident, theft, or a natural calamity (fire, flood, or earthquake) can cause severe damage to your cherished bike. A third-party policy will not cover the unfortunate damages to your bike, and you will have to bear the entire repair cost. An own damage (OD) insurance policy is the answer, shielding your bike from such eventualities.

Therefore, taking care of your prized motorbike means protecting it against unforeseen events with its own damage policy, mandatory third-party insurance, careful riding, and regular maintenance.

Several insurers offer add-ons to a regular own-damage policy to make it more attractive to customers. What are add-on benefits? Let's find out.

Add-ons to your Own Damage Policy

Insurance providers offer various benefits as additional facilities with their regular OD insurance policies to make it attractive to customers. While the primary reason is to get a competitive advantage, some of the add-ons can be of great value to customers. Some of the popular add-ons are:

Zero Depreciation Cover

The value of a motorbike's various components reduces over time. Therefore, when settling claims, the insurer will apply the standard depreciation rules. A zero-depreciation cover compensates for the total cost of replacing parts without depreciation. Crucial depreciable parts like glass, fibre, rubber, and plastic are also covered under the add-on plan.

NCB Protector

NCB, which means no claim bonus, is a reward for a claim-free year. It gives you financial rewards in terms of a proportionately lower premium on policy renewal. With the NCB add-on, the policyholder can retain their accumulated bonus. In other words, you can get the NCB bonus even after raising a claim during a specific policy year. However, Insurers will have certain conditions for applying for the benefit.

Return to Invoice (RTI) Cover

In a total loss situation resulting from your stolen TVS Apache RTR 160 or accidental damage of over 70%, insurers will calculate the financial compensation based on your bike's IDV (Insured Declared Value). The IDV is necessarily lower than the purchase invoice value of the bike. The RTI add-on ensures you are reimbursed the total purchase value of the bike, including registration charges and road tax.

Cover on Consumables

Essential components like bolts, screws, nuts, lubricants and the like are usually kept outside the purview of a standard Own damage cover. You may buy a consumable add-on to include all such items in your own damaged 2-wheeler insurance cover.

Roadside Service Help

This add-on ensures quick service help in the event of a mechanical breakdown of your bike in unknown terrain. Services like changing flat tyres, providing fuel, or addressing mechanical and battery issues are some of the critical facilities offered under the roadside help add-on. In specific cases, insurers may also organise pick-up and drop-off or arrange accommodation, which can be extremely helpful in a new place.

Leading insurers like HDFC ERGO have a network of 24/7 service points across the country to meet their customers' emergency requirements

The motor vehicle authorities have made personal accident cover, a useful add-on previously, mandatory. Even when you buy only basic third party bike insurance, you have to take the personal accident add-on compulsorily.

Own damage Insurance: Limitation

It is best to remember that OD bike insurance protects the insured vehicle against accidental damages, theft, and other issues with necessary add-ons. However, an OD policy will be valid only with third-party insurance coverage. Comprehensive bike insurance coverage offers combined protection against third-party and own damage.

The TVS Apache RTR 160 is high in performance and is termed the new race machine for its superior power and speed. Similarly, your HDFC ERGO Own Insurance plan is a top value proposition, protecting your motorbike from unforeseen events like accidents, theft, fire, and natural calamities.

When you choose HDFC ERGO, you get several top–of–the–line customer-friendly benefits, like door-step repair service, cashless claims, fast-track claims settlements through an AI-enabled system, and more. You can buy HDFC ERGO policies offline or through their website, which is available 24/7.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

---

• 
• 
• 
•