Top 5 Add-On Covers For Your Two-Wheeler Insurance
Published On Nov 03, 2020, Updated On Apr 15, 2021
There are many add-on covers in two-wheeler insurance. Here’s are the top 5 add-on covers that you should take when it comes to your two-wheeler insurance policy.
Add-on covers for two-wheeler insurance are additional covers that can be purchased in addition to a basic insurance policy. Add-Ons are available for either standalone Own-Damage bike Insurance Policies or Comprehensive Insurance Policies. An add-on does make your premium higher, however, the coverage provided by them makes the premium worth it in times of crisis. Thus, having the right add-ons can enhance your insurance plans greatly.
Moreover, since they are an optional and additional purchase, you can choose them to fit your individual needs. In this article, we will tell you the top 5 add-ons for your two-wheeler insurance:
Top 5 Add-Ons For Two-Wheeler Insurance
The following are the top 5 add-ons for two-wheeler insurance:
1. Zero Depreciation Cover
With Zero depreciation bike insurance, the bike insurance company pays for the depreciation expenses incurred by your bike unlike a standard two-wheeler insurance plan. This means, in case of a mishap you will be able to claim a higher amount from the insurance company. Most insurance policies limit how many zero depreciation bike insurance claims you can make, however, there are a few that place no such limit. They include IFFCO Tokio General Insurance, New India Assurance Company and Royal Sundaram Insurance Company.
2. Roadside Assistance Cover
In the event of an accident, roadside assistance cover for two-wheeler will take care of the assistance services required due to the breakdowns. Services such as fuel delivery, towing to the nearest workshop, taxi service, assistance for lost-keys, changing flattened tyres etc. are included. These are usually never covered for under the basic insurance plans.
Check: Use Two-Wheeler Insurance Premium Calculator to calculate the bike insurance premium with add-ons.
3. Passenger Assistance Cover
In case of a mishap on a two-wheeler, the chances of the event being fatal are much higher. With the passenger cover in bike insurance you will have insurance coverage for the death and bodily injuries of the pillion. This add-on can make a world of difference in a moment of distress.
4. Outstation Emergency Cover
In case of an emergency while you are travelling such as a breakdown of the two-wheeler this cover will help with any issues in an unknown location. This claim can only be made outside a 100km/s of the policyholder’s address of residence. There is usually a limit on the number of claims you can for this add-on. However, the claims made on this cover will not affect your NCB.
5. Engine Cover
Available for purchase on either a standalone own-damage or comprehensive plan, this add-on covers compensation for damage specifically for the engine. Since the engine is the heart of the two-wheeler its protection is important. Moreover, the engine is also vulnerable to damage. However, compensation for damages of the engine is not covered in the standard OD or comprehensive plans without engine protection cover in two wheeler insurance.
To conclude, with add-ons you can greatly enhance your standard two-wheeler insurance. Though they make your premium higher, they cover some crucial aspects that may be important for you in case of an unfortunate event. Moreover, as they are available as additional purchases you need to not buy them all. The add-ons give you the flexibility to shape your policy to your individual needs.
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.