Bikes are versatile vehicles and can make their way anywhere. However, this also means that they are more prone to damage. Getting a bike repaired can sometimes mean a huge setback to your finances. That is why one should always have comprehensive bike insurance. This policy offers financial protection against several risks and dangers apart from the mandatory third party liability coverage.
Nowadays, one can even buy two wheeler insurance online. However, sometimes, even the most comprehensive of policies may not be sufficient and may require the addition of add-ons. Here are some add-ons you can consider:
- Engine protection add-on
Just like the heart is the most important organ in the human body, the engine is the most important part of a bike. If anything, dangerous occurs to the bike, it can lead to the cessation of the normal functioning of the bike. Therefore, the engine protection cover, which protects the bike from water ingression, gearbox damage, lubricant leakage, and so on, should be purchased. Engine parts like the piston, cylinder head, and crankshaft are covered with regard to replacement and repair. *
- NCB Protect add-on
The NCB is a feature wherein the policyholder receives a reduction in their premium if they do not make a claim during the policy duration. The longer you do not raise a claim, the more the reduction will be. But if you raise even a single claim, then you risk losing all the savings you may have made with the NCB. The NCB protector add-on helps you protect these savings by holding the NCB concession even if you raise a claim. When you buy two-wheeler insurance online, you can add the NCB protector add-on to your bike’s protection arsenal.
- Consumables coverage add-on
Often, people tend to overlook the small items and parts of their bikes when it comes to insurance coverage. However, even these small items can lead to heavy expenses in many situations. This is especially true if you are a heavy user of your two-wheeler. Opting for the consumables add-on can lead to a small hike in your two wheeler insurance price, but it will prove to be worth it. Items like refrigerants, coolants, electrolytes, fluids, nut bolts, screws, washers, clips, bearings, and motor vehicle oil are covered under this add-on. *
- Zero-depreciation add-on
Vehicles depreciate over time. The older the bike, the greater its depreciation value. This also means that the claim amount you are eligible for reduces with a larger depreciation value being subtracted from it. This can be avoided with the help of a zero-depreciation add-on. This add-on enables you to receive the full claim amount without any deduction for the depreciation value. Kindly note that the zero depreciation cover may not be available for bikes over five years old. *
- Roadside assistance add-on
If you are stuck in the middle of nowhere with your bike broken down and no access to a repair shop, then you can use this add-on to reach out to your insurer and get immediate assistance. *
* Standard T&C Apply
If you want to know how the addition of these add-ons can affect your premium, then a two wheeler insurance premium calculator is the best way to get an estimate of that. 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.