What is Bike Warranty?
What is Bike Warranty?
Table of Contents
Owning a vehicle of one’s own is a dream of almost all. No matter how much we earn, at some point in life, we want a vehicle of our own. So, if you have been planning to buy your dream bike, then there are certain things that you need to consider. There are different terms that you should know while buying a bike such as bike warranty. So, in today’s blog let us understand what exactly is bike warranty.
What is Bike Warranty?
A bike warranty means the financial protection provided by the manufacturer in case any part of your bike is damaged. However, the bike warranty is valid only for a specific period of time. During the warranty period of your bike, if any part of your bike requires replacement, then the manufacturer takes the responsibility to get it replaced without spending any money out of your pocket.
Listed below are the inclusions in bike warranty:
- Electrical parts of the bike such as ignition coil
- Mechanical parts of the bike such as gearbox, engine
- Safety equipment kits such as ABS
There are certain exclusions that you should be aware of such as a bike warranty does not cover modifications done to the bike, wear and tear, and if the bike is damaged due to the irresponsible behaviour of the rider.
Different Types of Bike Warranty
The different types of bike warranties are listed below:
- A new warranty is provided by the manufacturer during the time of purchase of the bike. The time period for new warranty ranges between 3-5 years.
- Extended warranty of a bike refers to when an individual gets their warranty extended after the expiry of the new warranty.
Are Bike Insurance and Bike Warranty the Same?
If you have been thinking that bike insurance and bike warranty are the same, then you are mistaken. Bike insurance provides financial protection in case your bike is damaged as well as if a third-party is damaged due to your bike. On the other hand, a bike warranty only assures to get the damaged part of your bike replaced. Listed below are the difference between warranty and bike insurance that you should know about:
|
Point of Difference |
Bike Insurance |
Bike Warranty |
|
Third-party Liability |
Provides third-party liability coverage |
No third-party liability is covered |
|
Bike Theft |
Provides coverage for bike theft |
No coverage for bike theft is provided |
|
Coverage for faulty parts |
There is no coverage for faulty parts of the bike |
There is coverage for faulty parts of the bike |
|
Is it mandatory |
A third-party bike insurance is mandatory |
A bike warranty is provided during the time of purchase |
Take Away
Thus, along with having a bike warranty, make sure to buy bike insurance that will provide protection in case your bike is damaged or stolen. You can get in touch with us to get the best bike insurance plans.
Also read: Is Third-Party Insurance Enough For Bike?
