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Bike Insurance Policy For Sports Bike

Updated On Feb 09, 2022

What are your options for getting hassle-free insurance for your sports bike? Find out all you need to know about the coverage on your sports bike.

Images of a fast, heavy bike with a blurred backdrop spring to mind when the terms "super" or "sports" are paired with the word "bikes." A superbike is defined by its speed, agility, and aesthetic appeal. Riding such a bike, however, carries a risk that necessitates the purchase of insurance. In fact, because of the features that make these bikes so appealing, such as speed and appearance, getting bike insurance for a sportbike or superbike is even more important. In this article, we've discussed how to ensure a superbike, why its insurance policy is so expensive, and which superbikes are now dominating the market. To discover more, keep reading.

Bike Insurance Policy For Sports Bike

Insurance For Your Sports Bike

Superbikes or sports motorcycles are two-wheeled vehicles designed to go at higher speeds. They often feature a 600cc or larger engine. When compared to other types of bikes, these bikes trade fuel efficiency and comfort for braking, acceleration, and aesthetic appeal. Sports bicycles are far more expensive than regular bicycles. As a result, sportbike insurance is also rather costly. A thorough examination is required when purchasing two-wheeler insurance. You must examine your requirements and compare different bike insurance plans online in order to choose the most suited bike insurance coverage.

Sports Bike Insurance Add-On Coverage

The following additions can greatly enhance the performance of your sportbike:

  • Zero-Depreciation Sport Bike Add-on

Every year, a car's monetary value depreciates. When a policyholder makes their Own Damage claim, the insurance company will subtract depreciation from the claim amount. As a result, the policyholder might lose money. Depreciation will not be deducted from the claim amount if he or she purchased the Zero Depreciation Add-on instead. Depending on the terms of the insurance provider, the Zero Depreciation Add-on may be offered for bikes under the age of five years.

  • Superbike-related Accessory

A superbike owner can choose to customize his or her ride with a variety of accessories. These accessories are expensive, and if they are damaged in a motorcycle accident, they may be lost. The Equipment Add-on will help the insurance company provide financial coverage for damage to the bike's extra accessories.

  • Engine Security

The Engine Protect Add-on should cover the engine because it is such an important component of any vehicle, especially a superbike. Engine damage is not covered by standard motorcycle insurance. As a result, you should consider purchasing the Engine Protect Add-on.

  • Protective Measures

Under this Add-on, the insurance company will pay the cost of fixing or replacing the keys to your superbike. Because superbike keys and locks have become more technologically advanced, they have become more expensive, thus having this coverage.

  • Protection Against NCBs

A No Claim Bonus is a discount for not submitting a claim during the policy period (NCB). The chances of bringing a claim are higher when it comes to superbikes. Even if you submit a claim, the NCB protection Add-on will keep your NCB discount from vanishing.

Take Away

In this situation, the best plan of action is to buy insurance to protect yourself from any financial or other troubles brought on by the superbike on your doorway. However, one must maintain continual vigilance on two levels: when following preliminary and preventative safety procedures, and when being irresponsible. Despite the fact that the outside world is full of unexpected and unpredictable events, being well-informed, wise, and cautious may help you save a lot of money and even your life.

Do read - Know Everything About Consumable Add-on Cover In Two Wheeler Insurance Policy

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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