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Enhance your bike insurance with add-on covers

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Published on november 12, 2021. EST READ TIME: 3 minutes

Having valid two-wheeler insurance is not only important for the protection of your prized bike but it is a mandatory requirement by law. As per the Motor Vehicle Act 1988, all bike riders must have a valid bike insurance policy. That being said, having a comprehensive cover gives the bike a wider coverage in comparison with the third-party-only policy. Along with that, one can also enjoy the flexibility of including additional covers with the comprehensive policy.

It is important to note that one cannot include add-ons to a third-party-only insurance policy. Therefore, it is necessary to purchase a comprehensive policy if add-on covers are to be included for even wider coverage. So what exactly are add-on covers?

About add-on covers

Have you ever noticed the ‘extras’ section on a restaurant menu card? Some dishes typically come with an option of extras such as adding a scoop of ice cream to your cold coffee or adding some extra cheese on the pizza. Well, you can consider add-on covers similar to the extra scoop of ice cream or cheese that never fails to bring a wider smile with the first bite.

One can define an add-on cover as an extra sheet of protection that can be purchased separately for extra protection of the two-wheeler. There are different kinds of add-on covers to choose from which helps in enhancing the regular insurance policy by giving extra cushion against damage.

Why do you need them?

If you are someone who is a regular rider and commutes on a two-wheeler every day, then you should consider including the necessary add-ons to your comprehensive bike insurance policy.

There are different types of add-on covers available. One has to assess the options and select the ones that are suitable based on the necessity. For example, if you have expensive accessories installed on your two-wheeler, then you must go for an accessories protection cover. For those travelling for work far away from home every day, you can consider buying a roadside assistance cover.

The importance of different add-on covers varies from person to person and prior research and analysis of one’s requirements are vital in selecting the most suitable additional covers.

Various add-on covers to choose from

Following are some of the covers that you can include in your bike insurance policy to protect it under the umbrella of overall coverage.

● Zero Depreciation Cover:

Zero Depreciation Cover is a type of cover that eliminates the effect of depreciation. This essentially means that if your two-wheeler is damaged due to an accident or natural calamity, its value drastically gets reduced because of the depreciation. This cover protects the value of your bike but cancels out the depreciation component from the coverage. Effectively, in case of any damage, you will be able to claim the full value of your bike as if it were a brand new bike with no wear and tear.

● Roadside Emergency Assistance Cover:

This add-on will allow the insurance company to assist you if your bike breaks down unexpectedly while on the road. It will also take the worry out of your hands while the insurance company will take care of the repairs of your bike. Services like towing, fixing the types, etc shall be managed by the insurer. You can stay protected against any kind of emergency problem. It also includes coverage for issues related to getting a duplicate key and fuel delivery.

● Accessories Cover:

This bike insurance add-on is designed to cover the extra accessories that are fixed to a bike. A bike is a type of vehicle from which accessories have an increased risk of getting stolen since it is openly visible. Since accessories are quite expensive, it becomes important to include this cover especially when the two-wheeler is brand new.

● Engine Protection Cover:

Guess which is the most important and most expensive part of the bike? Well yes, it is the engine. Usually, only the damages caused by an accident are covered under a bike insurance policy. Nevertheless, there are also risks involved in maintaining the engine's longevity. This is because of the various factors that can affect its operation which includes regularly replacing the oil and keeping it clean.

Key takeaways

Including add-on covers to the bike insurance enhances the protection of the two-wheeler against all the odds. You can select all or any add-on covers such as zero depreciation cover, roadside assistance, accessories cover, etc. It is important to note that you cannot include additional covers with a third-party-only insurance policy. One must buy a comprehensive bike insurance policy to be able to enjoy the flexibility of including desired add-ons.

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

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