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Why Comprehensive Two-Wheeler Insurance is Crucial?

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Published on March 2, 2022. EST READ TIME: 3 minutes

You just bought a bike and are raring to hit the roads with it, the excitement is palpable. However, you must ensure that you obey all of the laws and regulations pertaining to owning a motorcycle and riding it on the roads. One such regulation is ensuring that you have obtained third-party liability bike insurance coverage for your car. While the legislation only requires third-party coverage, it is strongly advised that you buy additional insurance coverage by acquiring a comprehensive bike insurance plan. There are several causes for this, ranging from improved coverage to add-on benefits.

Reasons to Invest in Comprehensive Bike Insurance<

1. Defend Against Weather Disasters

Bike insurance policies are designed to protect you. Unfortunately. it only covers the accidents and collisions that involve your vehicle and another party. For example, if your vehicle gets damaged in a collision while driving, you may be covered by your auto insurance coverage. But if the same car is destroyed in a natural disaster like a storm or tornado, your auto insurance won't cover that loss. As a result, your third-party bike insurance policy will only provide you with partial coverage because it only covers lawful third-party responsibilities. As a result, one of the most crucial safety preparation suggestions is to obtain comprehensive bike insurance.

2. Protection against Man-Made Actions

You would also be protected against intentional acts of harm to your automobiles, including theft or robbery. In such cases, third-party liability coverage would not protect you, therefore, comprehensive bike insurance is strongly advised. It would assist you in recouping a significant portion of your financial damages if you were ever in an undesirable circumstance such as theft.

3. It Comes with Third-Party Liability Coverage

Comprehensive bike insurance is a hybrid of third-party liability insurance and standalone own-damage insurance policy, and as such, it provides all of the features of third-party coverage. It will cover any losses resulting from your obligation to third parties, for instance, if there is damage to the third party's vehicle or if there is an injury, the car repair, and hospitalization expenses will be covered by your comprehensive bike insurance policy. This means there's no excuse not to get comprehensive bike insurance coverage, since it'll cover you in instances where base third-party liability insurance won't.

The Advantages of Riders

A comprehensive bike insurance policy enables you to choose add-ons for improved coverage advantages based on your riding pattern and insurance requirements. A rider is small insurance coverage that provides additional protection and services in addition to the regular Comprehensive Coverage. Riders are available when purchasing or renewing a comprehensive bike insurance policy.

Here are some of the most common riders available for bike insurance:

a) Zero Depreciation Coverage

A new bike's value will depreciate over time. The depreciated amount will be subtracted from the claim value during claim settlements. However, if you buy the Zero Depreciation Coverage for your bike, your insurance provider is obligated to cover the cost of component repair/replacement without subtracting the depreciation amount.

b) Emergency Roadside Assistance Coverage

This rider will aid you if you become stuck on the road. If your bike suffers a tyre burst, runs out of petrol, or receives any other form of damage, your insurance provider will give technical support. If your two-wheeler needs to be transferred to a local service centre, your insurance provider will also provide towing assistance.

c) Engine Protection Coverage

The engine is a critical component of your motorcycle, but the base comprehensive bike insurance plan does not include engine damage. That's where an Engine Protection cover for motorcycles comes in handy. If you buy this plan, your insurance provider will pay the expenses of repairing and replacing engine parts. This add-on covers engine damage caused by leaks of engine coolant, oil, and hydrostatic lock.

Conclusion

Although the best policy for someone else may not be the best one for you, it is safe to say that comprehensive bike insurance should be your first choice. Comprehensive policies provide far more coverage and options than a third-party policy, which effectively limits your coverage to only what is outlined in your contract. With comprehensive bike insurance, you get broad protection from theft, weather, or collision damage. Definitely check this option out if you are comparison shopping for a new policy.

When choosing your insurance, be sure to properly study and compare several policies and coverage online before deciding on the ideal plan for you.

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

Benefits Of Comprehensive Two-Wheeler Insurance

Here’s Why Comprehensive Bike Insurance Is A Better Bet Than Third-Party Insurance

Things To Consider Before Buying A Long-Term Comprehensive Bike Insurance Plan

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