1. Home
2. Blogs

Which is the Best Insurance for Food Delivery Bikes in India?

• 
• 
• 
• 0
• 0

In recent times, food delivery has made life simpler for everyone as it is an easier and more convenient way to fulfil food cravings. Now we can order food at a click from our phones but the responsibility to deliver the food is of the delivery agents appointed by the restaurant or the delivery applications we use. Food delivery for us is convenient but seldom do we realize the risks it comes with. Accidents are common and insurance coverage is extremely crucial. The question that arises is whether a third party or comprehensive bike insurance is better for food delivery bikes. The choice is there for all bike owners, but more crucial for delivery bikes.

Let us discuss this in detail and understand what kind of financial protection is needed for delivery bikes and also the advantages of the same.

Need for Insurance for Travel Bikes

Before we delve into which insurance coverage is important for delivery bikes we need to understand why insurance is needed by them. As we all know, during the lockdowns due to COVID 19, food delivery was an essential service and thus, the number of deliveries increased. With more and more companies, the competition has increased and also the rush to deliver food within the timeline promised.

As more and more people got employment with food delivery partners and as they are always on the road, rushing from one place to the other, the chances of accidents have increased multiple times. Also, these delivery personnel have daily targets of deliveries that they need to do in a day which also increases the stress and the rush.

If you see all these factors and the working conditions of these personnel, you will realise that their chances of meeting with an accident are high. Accidents as we all know are not only physically and mentally challenging but the financial strain they cause is also immense and more for the poor. Thus, all delivery bike owners need to have bike insurance.

Types of Insurance Available for Delivery Bikes

All delivery bike owners have a choice of taking a third-party insurance or a comprehensive bike insurance.

Talking of third-party insurance, it is the basic insurance coverage that bike owners can have. Third-party insurance is mandatory by the government as well for all vehicle owners in the country. This insurance will cover any property damage, death or injury to any third party involved in the accident. The biggest drawback of this insurance is that it will not cover any damage caused to the bike in the accident.

As there is no coverage for the bike, the comprehensive bike insurance is a much better option for delivery bikes in India. This covers own damage along with a third-party insurance cover. Any damage to the bike due to accidents or calamities either natural or manmade is covered. Due to this, in case of an accident or theft, there is no financial burden on the delivery agent.

It is the choice of a bike owner to opt for a third party or a comprehensive bike insurance. However, they must have personal accident insurance which is mandatory by the government. Under this, the bike owner or the family gets compensation if there is death or disability in an accident. This is not included in the motorbike insurance for delivery bikes in the country and thus, has to be paid for additionally. Though, this will increase the premium but is a must-have for people who are at a high risk of accidents like delivery bikes.

Advantages of Comprehensive Bike Insurance for Delivery Bikes

It is always good for any vehicle owner to have an insurance policy; however, this is more important for delivery bikes. Let us see some of the advantages of the same.

1. Financial Protection

Accidents and damages caused due to any calamity do not come announced and most of the time cannot be avoided. In such events, if there is any damage caused to the vehicle, it can cause a financial strain as repairs and replacements can cause a dent in the pocket. Thus, having a comprehensive bike insurance is important.

2. Accidental Damage Coverage

When you take a comprehensive bike insurance, third-party insurance is a part of it. And thus, if there is any damage caused to someone else’s vehicle, the cost of repair of the damages to the other vehicle will be covered. Sometimes, paying these from one’s own pocket can be difficult.

3. Keep Savings Safe

A delivery bike person is obviously not rolling in money and for him, his earnings and his savings are very important to keep his family happy and fulfil his basic needs. Thus, when you have an insurance cover which takes care of all losses and expenses, you can keep the savings safe as all expenses are borne by the insurance company.

Things to Keep In Mind

When taking an insurance policy, it is always good to ensure you get good coverage at the best price. Some things that must be kept in mind when taking bike insurance for delivery bikes are:

● Pricing should be affordable without compromising on the coverage

● Coverage should be adequate

● Geographical Restrictions on the Policy

Besides the above, it is also important to check what add-on covers are available and which ones are beneficial in the long run. Having adequate coverage and not paying a very high premium is important and thus, the insurance policy for bikes should be taken carefully.

Conclusion

Any delivery personnel can either be employed by the company or can be contractual employees. In both cases, having a comprehensive bike insurance is important and both are eligible for the same. Insurance is very important and very helpful for the bike owners and drivers who are in the business of delivering food. As these people are always on the road, accidents are bound to happen and thus, coverage against any damage or loss is needed. With an insurance cover, you can leave the stress to the insurance company and focus better on work. The consequences of not having insurance are bad for delivery bikes and can lead to financial struggles. Thus, it is important that a proper insurance cover is there when you are riding a bike to deliver food. So before you start delivering food, get yourself adequately insured and work stress-free.

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

RELATED ARTICLES

Different two wheeler insurance plans by HDFC ERGO

Which Two Wheeler Insurance Plan is best for you ?

What Is Covered Under Third Party Bike Insurance?

---

• 
• 
• 
•