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Must Read Facts Before Modifying A Two Wheeler

Updated On Apr 17, 2021

Two wheeler owners are often willing to spend a significant amount of money on modifications that will improve their bike's performance and appearance. Read important facts to consider before modifying a two wheeler.

Do you intend to make any changes to your two-wheeler? If so, research the effects these motorcycle modifications may have on the value of your bike before making a decision. Also, make sure to discuss and advise your insurer about the situation, and then make the best financial decision possible. 

Must Read Facts Before Modifying A Two Wheeler

Must Read Facts Before Modifying A Two Wheeler

Before you alter your two-wheeler, there are a few things you should know. The most important of these are the different types of modifications you can get for your bike. However, it is important to note that these modifications can affect the IDV of your bike either positively or negatively, depending upon the modification opted.

  • Security Modifications

The best modifications you can make to your bike are security modifications. They make it less likely for your bike to be stolen or destroyed. If your bike is equipped with an anti-theft system, it will automatically fall into the low-risk category for two-wheeler insurance. Bikes that don't have any safety features installed are at a higher risk of being stolen or destroyed.

Insurers also offer premium discounts if you choose to instal pro-security devices when buying bike insurance. It's also a good idea to notify your insurer and get their permission before making any changes, as this will help you get lower premiums and a better deal.

  • Aesthetic Modifications

Do you want to make your bike more appealing to the eye and give it a unique look? The solution is to change your appearance! There's a lot you can do to make your cycling stand out from the crowd. You can change the colour of your bike, the headlights, the seat cover, and other details.

However, these improvements increase the likelihood of your bike being stolen or vandalised. As a result, your bike insurance policy premium is directly affected. The advances in your bike, on the other hand, raise its market value, which can lead to an increase in your bike insurance premium.

  • Performance Modification

Finally, there are 'performance improvements,' which make your bike stronger, better, and more powerful than before. They improve your bike's performance in terms of handling and speed. When it comes to insuring your "superbike," insurers will either raise the premium or cancel the policy entirely to reduce their risk after carefully weighing all of the factors. This is because insurers believe that altering the bike's speed and handling will increase the chances of an accident, thereby increasing the likelihood of a claim.

Conclusion

There are several factors that influence the premium amount you pay if you make a modification. As a result, it is critical that you notify your insurer of these changes as soon as possible. Finally, they will analyse the situation and make a recommendation for a premium adjustment. Furthermore, there is no set rule for the percentage rise or decrease in bike insurance premiums. You should agree to the amount suggested by the insurers and find common ground in their claims, which will benefit both parties. ​

Read More: 

Comprehensive Insurance

Two Wheeler Insurance Renewal

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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