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All About Personal Accident Cover In Bike Insurance

Published On Jul 14, 2021

Want to ensure optimal coverage for your bike? Read about the personal accident cover in this article and know about its significance and benefits if you add it to your standard bike insurance policy.

Accidents are upsetting events. It may cause you a great deal of frustration, especially if your prized bike has been damaged. Having a bike insurance policy will undoubtedly assist you in settling the costs of repairs and third-party damage. However, it is critical that you select a policy that provides such coverage. This article will explain the meaning and significance of having personal accident cover as part of your bike insurance policy.

All About Personal Accident Cover In Bike Insurance

What Is Covered Under The Personal Accident Cover?

When you buy bike insurance, most insurance companies provide additional services. These services are provided in the form of covers or add-ons to your standard bike insurance policy. These policies have their own dynamic features that provide the policyholder with additional coverage. If you want to ensure complete coverage, you can combine a couple of insurance policies. Personal Accident Cover is one such insurance policy that guarantees financial assistance to the owner in the event of an accident. If you choose this coverage, your insurance company will reimburse you for the cost of repairing your bike or paying your medical bills in the event of a bodily injury.

When the policyholder is involved in an accident and sustains damage to the bike or, in some cases, bodily injury, the personal accident cover will provide financial assistance. The PA cover will pay for the costs of repairing any damage caused by a collision with the bike. It will also provide 100 percent compensation in the event of the policyholder's permanent disability or tragic death. However, if you did not follow traffic laws at the time of the accident, the insurance company will not settle your claim under personal accident cover. The insurer will also deny your claim if it is discovered that the damage was done on purpose.

Why Is The PA Cover Important?

A standard bike insurance policy may appear to be adequate. However, you must consider other situations that are not covered by these policies. While a comprehensive bike insurance policy may provide settlement for damages to your bike, it does not cover the costs of collision-related damages. As a result, having a personal accident cover will benefit you by providing financial assistance to cover the costs of paying your medical bills or repairing your bike in the event of an accident. The following are some of the reasons why you should get a PA cover for your bike insurance policy -

  • Personal Accident Coverage Is Obligated

The Indian Motor Vehicle Act mandates all bike owners to have personal accident insurance in addition to third-party bike insurance. If you are stopped by the police and do not have PA coverage on your bike insurance policy, you may face heavy fines or even imprisonment.

  • Provides Financial Assistance 

Accidents can be extremely traumatic. Being in an accident can be both frustrating and taxing. In this situation, arranging finance can be nerve-racking and stressful. If you have a PA cover for your bike insurance, your insurance company will provide financial assistance by insuring the amount that must be spent for any bike insurance repairs or medical bills in the event of bodily injury.

  • Monetary Assistance In Case of Demise 

Some major accidents can have serious consequences, such as the death of a passenger or the policyholder. In such cases, the insurance company will pay the full compensation amount to the nominee named in the policy. If there is no income, the policy will cover the family's financial needs.

Take Away

Insurance covers supplement your standard insurance policy. However, their inclusion will raise the cost of your bike insurance premium. Thus, make sure to buy the covers that you believe are absolutely necessary to ensure that your bike is fully protected.

Also Read:

5 Things You Must Do To Protect Your Bike in Rains

What Is IDV In Two Wheeler Insurance?

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.

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