Unleashing the Potential: Gearless Bike Add-On Overs For Better Protection

Posted on: Apr 11, 2024 | 3 mins | Written by: HDFC ERGO Team

Unleashing the Potential: Gearless Bike Add-On Overs For Better Protection

If you own a gearless bike, investing in comprehensive bike insurance is a smart decision to make. But have you considered adding extra coverage like bike insurance add-ons for your two-wheeler policy? Bike insurance add ons can provide additional benefits and coverage that a regular policy may not cover. Let us explore the benefits of bike insurance add-ons and how they can benefit your gearless bike.

Practical advantages of additional protection covers gearless bikes in India:

Listed below are some of the advantages of having the right add-on cover for gearless bikes.

1. Theft protection:

Gearless bike add-ons such as anti-theft devices and tracking systems provide added security against bike theft. For example, anti-theft devices with GPS tracking or effective security systems are practical devices for your gearless bike.

Benefit:

These devices make it easier to recover a stolen vehicle and significantly reduce the chances of theft in the first place.

2. Extended warranty:

Some gearless bike add-ons offer extended warranty plans, which provide coverage beyond the standard manufacturer's warranty.

Benefit:

This ensures that you have additional protection against unexpected repairs or component failures, giving you peace of mind and potential cost savings.

3. Accessories coverage:

Add-ons like accessories coverage protect the non-standard accessories that you have added to your gearless bike, such as custom parts, aftermarket modifications, or additional features.

Benefit:

This ensures that these accessories are included in the coverage and can be repaired or replaced in case of damage or theft.

4. Engine and gearbox protection:

Add-ons that specifically cover the engine and gearbox of your gearless bike offer financial protection against major mechanical failures.

Benefit:

These coverages can help offset the high costs of engine or gearbox repairs, giving you added confidence in the longevity and performance of your bike.

5. No Claim Bonus protection:

No Claim Bonus (NCB) protection is an add-on that allows you to retain your accumulated NCB even after making a claim.

Benefit:

This can help reduce your insurance premium in subsequent years and save you money in the long run.

By opting for these gearless bike add-ons, you can enjoy advantages such as heightened security against theft, extended warranty coverage, protection for non-standard accessories, coverage for engine and gearbox repairs, and the retention of your NCB. These add-ons provide additional peace of mind and financial protection, enhancing the overall ownership experience of your gearless bike.

Importance of opting for add-on covers for gearless bikes in India:

Here is why you need bike insurance add ons.

a. Personal Accident Cover:

What is it?

A personal accident cover is a crucial add-on for bike insurance in India, including gearless bikes. It provides coverage for accidental injuries or death of the policyholder while riding the insured bike. This add-on ensures financial protection for medical expenses, disability, or loss of income, offering peace of mind to policyholders and their families.

Why opt?

India's roads can be unpredictable, and accidents can occur at any moment. Adding a personal accident cover ensures financial protection for yourself and any pillion riders in case of an accident. It provides coverage for medical expenses, disabilities, and accidental death benefits.

Also, according to the Motor Vehicle Act, each owner-rider needs to have a mandatory personal accident cover of Rs 15 lakhs to ride their bikes on Indian roads. This could be taken as a bundle along with the bike insurance plan or even standalone.

b. Zero Depreciation Cover:

What is it?

One of the most popular add-ons for bike insurance in India is the zero depreciation bike insurance cover. With this add-on, policyholders can claim the full cost of replacing damaged parts during repairs, without accounting for depreciation. Since gearless bikes are typically more prone to minor damages, having a zero depreciation cover ensures that policyholders do not have to bear a significant portion of the repair costs.

Why opt?

In India, bikes depreciate quickly due to wear and tear, affecting the claim payout amount. The IRDAI has specified the amount of depreciation that a bike undergoes each year.

However, with a zero depreciation add-on, you can get a higher claim amount as depreciation is not considered, which is particularly beneficial for gearless bikes that may have higher repair costs.

c. Engine Protection Cover:

What is it?

Gearless bikes often have sophisticated engines that can be costly to repair or replace. The engine protection cover offers coverage against damages to the engine or its components due to water ingress, oil leakage, hydrostatic lock, or other mechanical failures. It helps policyholders save considerably on engine repair or replacement costs.

Why opt?

Gearless bikes rely heavily on their engines, making them susceptible to engine damage. An engine protection cover safeguards you against significant repair costs by providing coverage for repairs or engine replacement.

d. Emergency Assistance:

What is it?

Emergency roadside assistance is another popular add-on for bike insurance in India. It provides policyholders with 24/7 emergency assistance in case of breakdowns, tyre punctures, accidents, or other roadside emergencies. This service is particularly beneficial for gearless bikes as they may have a higher risk of breakdown due to mechanical or electrical issues.

Why opt?

Breakdowns, tyre punctures, and emergencies can occur unexpectedly, causing inconvenience and delays. A roadside assistance add-on to your insurance policy can be valuable, providing services like towing, fuel delivery, battery jump-start, and arranging alternate transportation.

e. Accessories Cover:

What is it?

Many gearless bikes come with accessories like GPS systems, anti-theft alarms, or customized fittings. The accessories cover add-on covers loss or damage to these accessories, including theft or accidents.

Why opt?

This add-on ensures that policyholders are reimbursed for the value of these accessories in case of any unfortunate events.

Bike insurance add ons covers have a significant impact on the coverage provided by bike insurance policies. They help enhance the policy's scope by offering additional protection for specific scenarios, such as zero depreciation, roadside assistance, personal accident, engine protection, or coverage for accessories. Add-ons ensure comprehensive coverage tailored to the policyholder's needs.

In a nutshell:

Considering the purchase of add-on covers for your gearless bike is highly recommended especially if it is an expensive or a dear one. These additional covers provide extra protection at a marginal additional cost, enhance your two wheeler insurance policy, and offer comprehensive coverage for your bike, giving you peace of mind on the road.

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

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