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Bike Insurance Endorsements Explained
Mar 3, 2023

Understanding Bike Insurance Endorsements: Maximize Your Protection

When you start earning, there might be different things on your wish-list you may want to procure. Furniture, a new electric appliance, or new clothes may be some of the common items. A common feature on a wish list might be a vehicle, a four-wheeler or a two-wheeler. Two-wheelers are an affordable alternative; they are easy to use and maintain. When you are investing your hard-earned money into purchasing a new bike, insuring it can help safeguard this investment. And never forget to buy a bike insurance policy while purchasing your new bike. The process of purchasing is usually smooth and convenient. However, what if, because of some rare human error, you find some incorrect detail on your policy document? This is where you can take advantage of something known as an endorsement. Here’s more information related to it.

What is an Endorsement in Bike Insurance Policy?

An endorsement is a document that amends the terms and conditions of an existing insurance policy. It is a written agreement between the policyholder and the insurance company to include/exclude specific terms and conditions or make changes to the existing ones. In the context of bike insurance, an endorsement can be used to modify the details mentioned in the policy, the premium amount, or other conditions of the policy.

Why are Endorsements important?

Endorsements are essential in a bike insurance policy for various reasons, some of which are mentioned below:
  1. Customization

An endorsement allows the policyholder to customize their insurance policy as per their requirements. For example, if a policyholder wants to include/exclude add-ons, or increase/decrease the IDV of their bike, they can do so with an endorsement *.
  1. Flexibility

An endorsement provides flexibility to the policyholder to make changes in the policy as per their changing needs. For instance, if a policyholder relocates to a new city, they may want to change their policy's address. This can be done through an endorsement *.
  1. Compliance

There may be times when the policyholder needs to comply with legal requirements or regulatory mandates. For instance, if the government mandates the inclusion of a personal accident cover in bike insurance policies, the policyholder can comply with the mandate by adding an endorsement to their existing policy *.

What are the Different Types of Endorsements?

Some of the common types of endorsements in bike insurance policies are as follows:
  1. Add-on Cover Endorsement

This endorsement allows the policyholder to add additional coverage to their existing policy. For example, if the policyholder wants to include zero depreciation cover, they can do so by adding an add-on cover endorsement  *.
  1. Exclusion Endorsement

This endorsement excludes a particular coverage from the policy. For instance, if the policyholder has a pre-existing condition, the insurance company may exclude coverage for that condition from the policy  *.
  1. Change of Address Endorsement

This endorsement allows the policyholder to change the address mentioned in the policy. This is useful when the policyholder relocates to a new city *.
  1. Change of Vehicle Endorsement

This endorsement allows the policyholder to transfer the existing policy to a new vehicle. This is useful when the policyholder sells their existing vehicle and buys a new one *.
  1. Change of Name Endorsement

This endorsement allows the policyholder to change the name mentioned in the policy. This is useful when the policyholder gets married and wants to change their last name *.

Other benefits of bike insurance

Other than the benefit of endorsement your insurance policy can help you take advantage of the financial coverage it provides to you and your bike. If your bike were to get damaged in an accident, the repairs required could be extensive and could cost you a lot. With the help of two-wheeler insurance, you might not have to pay out of your pocket. When you file a two-wheeler insurance claim, the insurance company covers the cost of repairs *. Alternatively, if your bike causes damage to a third-party vehicle, the policy will cover the cost of damages. If there are any injuries caused to an individual or if someone were to pass away, the financial and legal liabilities associated with it are also covered by the policy. You also get added coverage with add-ons such as zero depreciation cover, engine cover, key replacement cover, and roadside assistance *. It is important to remember that the policy is mandatory under the Motor Vehicles Act of 1988. Not having a policy for your bike could lead you to pay fines. If you do not already have a policy, you can buy even it online. Before you buy the policy, make sure to use a bike insurance calculator  to get a quote for the policy as per your needs.


The above information about endorsement can come in handy if you need to change any important detail which is incorrect on your insurance policy. You can make an endorsement during your existing policy term and not wait till you .   *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.  

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