Bike Insurance Add Ons Explained in Detail

In bike insurance, add ons are additional covers that either come with the insurance policy or have to be bought by paying a nominal sum of money. It offers increased protection for your bike and in certain cases contributes to a higher insured declared value (IDV). Add ons are available in a variety of options and it is a necessary adage for the complete protection of your bike. In this article, we are going to tell you about the different kinds of bike insurance add-ons and the benefits that can be availed under it. 

Types And Benefits of Bike Insurance Add Ons 

• Engine Protection Cover 

The engine is the lifeline of your bike and you should take every precaution to protect it from damage. As is understandable from the name, this add-on cover is specially designed to protect your bike’s engine. You might face trouble if there is a leakage of lubrication oil or if water enters the engine due to flooding. It is during such instances that an engine protection cover is useful when intermittent damages keep cropping up.  

• Zero Depreciation Cover 

Two Wheeler Insurance Policy with Zero Depreciation Cover add-on is designed to pay for the cost of repairs, replacement, and installation of new parts for your bike. In most cases, the bike owner pays for all the expenses related to the maintenance of their bike, but this add-on cover ensures that all the money is paid by the insurance company. Under this option, you need not pay anything extra. You only need to buy this coverage option as part of a bike insurance plan. 

• Consumables Cover 

Bike insurance companies usually do not include the cost of oil, nuts and bolts while settling a claim. However, in case your bike has been damaged due to a natural calamity, this add-on cover refunds the cost of these consumables and compensates you for parts that cannot be used anymore.  It is a good option if you want to avail yourself maximum benefits and value for money under your bike insurance policy.  

• Roadside Assistance Cover  

As the name suggests, a road-side assistance cover is designed to help you if you are stranded on a highway or your bike has a breakdown. It is an important add-on cover for people who travel frequently and use their bikes as the chief mode of transportation. Under this add-on cover, you can avail the benefits of getting your wheels changed, towing services, and taxi services to reach your destination on time. 

• Return To Invoice Cover 

A return to invoice add-on cover is often described as a motorist’s nightmare and a last resort to receiving compensation for their bike. This add-on cover comes to your aid if your bike has been damaged beyond repair and there is no way that it can be restored to its former version. Keeping such situations in mind, insurance companies offer this add on cover that promises to pay the complete market value of your bike as mentioned in your invoice. 

Take Away

These are the major bike insurance add-ons that you need to know about, Hopefully, this will aid you in selecting the add-on most suited to your requirement and will allow you to rightfully augment your bike insurance policy. Do not forget that buying a bike insurance policy is mandatory in India, and these add ons will increase your bike’s protection, allowing you to ride freely. 

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.