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Bike Insurance Add-Ons
Nov 1, 2023

Bike Insurance: Engine Protector & More Add-Ons for Comprehensive Coverage

Bike insurance is a type of insurance that protects you against financial losses in case your bike is damaged or stolen. It is a legal requirement in India to have bike insurance if you want to drive your bike on public roads. There are many different types of bike insurance policies available, each with its own set of features and benefits. However, there are certain benefits that do not fall under any type of bike insurance. However, such pieces of coverage can be added to your policy. This can be done through add-ons.

What Are Add-Ons?

Add-ons in bike insurance are additional coverages that can be purchased to extend the coverage of a standard bike insurance policy. These add-ons can provide you with additional protection against financial losses in case your bike is damaged or stolen.

Types Of Add-Ons Available

Some of the most popular add-ons are as follows:

- Engine Protection Cover

Engine protection cover is an add-on cover that you can buy to protect your bike's engine against damage. This add-on can be very beneficial if you live in an area that is prone to flooding or if you ride your bike in dusty conditions. If your bike's engine is damaged, the cost of repairs can be very high. Engine protection cover can help to cover the cost of repairs, so that you do not have to pay for them out of your own pocket. Claims are subject to terms and conditions set forth under Motor insurance policy.

- Zero Depreciation Cover

Zero depreciation bike insurance is another add-on cover that you can purchase to protect your bike against depreciation. Depreciation is the loss of value that a bike experiences over time. If your bike is damaged or stolen and you do not have zero depreciation cover, you will only be paid the depreciated value of your bike by the insurer. This means that you could end up paying for the cost of repairs or replacement from your own pocket. Zero depreciation cover can help to ensure that you are paid maximum compensation, even if it has depreciated in value. Claims are subject to terms and conditions set forth under motor insurance policy.

- Roadside Assistance

Bike roadside assistance is an add-on cover that can provide you with help if your bike breaks down or you have an accident. This cover can provide you with services such as:
  1. Towing your bike to a garage
  2. Assisting you with alternate mode of transportation
Roadside assistance can be a very helpful cover, especially if you live in an area where it is difficult to get help if your bike breaks down. Claims are subject to terms and conditions set forth under motor insurance policy. Apart from these add-ons, you can consider purchasing these add-ons as well:

- No-Claim Bonus Protection Cover

The NCB protection cover ensures that you do not lose your NCB even if a claim has been filed by you during the policy tenure. This way you can enjoy savings on the premium during each renewal without the risk of losing the bonus. Claims are subject to terms and conditions set forth under motor insurance policy.*

- Key Replacement Cover

If you were to misplace your key or if the key were to get damaged, this add-on assists you getting in a temporary key for immediate usage. If the lock of your car were to get damaged, the add-on ensures that your lock gets repaired at the earliest. Claims are subject to terms and conditions set forth under motor insurance policy.*

How To Choose The Right Add-Ons?

When choosing add-ons for your bike insurance policy, it is important to consider your individual needs and circumstances. Some factors to consider include:
  1. Your bike’s value
  2. Your riding habits
  3. Your budget
Once you have considered these factors, you can start to compare different add-on covers and choose the ones that best suit your needs.

Benefits Of Buying Add-Ons

Here are some of the benefits of purchasing add-on covers for your bike insurance policy:

- Peace of mind

Add-on covers can give you peace of mind knowing that you are financially protected even in specific scenarios that standard bike insurance does not cover.

- Financial protection

Add-on covers can help to protect you against financial losses in case your bike is damaged or stolen.

- Convenience

Add-on covers can provide you with convenience and peace of mind by taking care of the hassle of repairs or replacement. If you are looking for additional protection for your bike, consider purchasing add-on covers for your bike insurance policy.

Conclusion

Bike insurance is an important financial protection for any bike owner. By purchasing a bike insurance policy, you can protect yourself against financial losses in case your bike is damaged or stolen. You can also purchase add-on covers to further protect your bike and yourself. If you are looking for a bike insurance policy, be sure to compare the different policies available and choose the one that best suits your needs. You should also consider purchasing add-on covers to further protect your bike and yourself. Your bike insurance policy will need to be renewed every year. To renew your policy, you will need to contact your insurer and provide them with your policy number and the details of any changes to your bike or its coverage. Hence when you renew bike insurance, you can include any of these add-ons to your policy.   *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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