Understand Add-on Covers For Your Sport Bike

Published On Oct 30, 2020 8:00 AM By InsuranceDekho

Do you have a sports bike and want insurance for it? Here is the list of add-on covers for your sports bike.

It is mandated by law to purchase atleast third party insurance or liability only insurance when purchasing bike insurance for your vehicle. However, especially when it comes to your sports bike, it is understood that it would be extremely special to you and that third party coverage would not be enough. Not only is it advisable to opt for comprehensive bike insurance coverage that covers damage to you and your own vehicle as well as damage to third parties involved in an accident with your two wheeler, you are also advised to purchase add-ons.

Also Read: Bike Insurance Details by Registration Number

Add-ons are additional coverages that you can purchase at an additional premium to strengthen the coverage of your insurance policy. When it comes to something as valuable and precious as a sports bike it is a no-brainer that you should opt for these to tailor your policy to your needs.

Important Insurance Add-Ons For Your Sports Bike

Let’s read all about some of the most important insurance add-ons for your sports bike.

1. Zero Depreciation Cover

Depreciation refers to the reduction in assessed market value (IDV or Insurance Declared Value) of your bike over time. Should you raise a claim regarding replacement of parts or for damages to your bike, you would be compensated according to the depreciated IDV of your bike and not the actual cost of repairs. This add on ensures that you would be compensated by the insurance company for the market value of the purchased parts.

Also Read: Fine for Driving Two Wheeler Without Insurance

2. Roadside Assistance

For any mishaps or breakdowns that occur while on the road, it is surely a great benefit to be able to reach out to your insurance company for assistance while in such a dire situation. Roadside assistance cover offers you the ability to get emergency assistance in case of situations like breakdown of your bike, assistance with towing, etc., and thus is extremely advisable especially with a sports bike as you would not like to take any risk with conducting repairs yourself on such a valuable possession.

3. Engine Protection Cover

It is definitely possible that at some point your sports bike would face damage to its engine, for example, due to a natural calamity or disaster such as flooding. In such a situation it is extremely beneficial to have the add-on of engine protect cover add-on, as under a standard comprehensive policy this would not be covered. It is recommended especially for those residing in flooding prone areas. It can be extremely costly to pay out of your own pocket to replace the engine of a sports bike and thus this add-on cover is advisable.

Also Read: How to Get Duplicate Two Wheeler Insurance Copy Online

Takeaway

Your standard comprehensive insurance policy would not cover all possible damages in the different situations you could encounter. That is why it is important to opt for add on coverage to strengthen your insurance. These are three of the most valuable ones that you can opt for to protect your sports bike and to give yourself a robust financial safety net.

Types of Bike Insurance You Should Know:

Third Party Two Wheeler Insurance

Comprehensive Two Wheeler Insurance Policy

You May Also Like To Read:

Own Damage Two Wheeler Insurance

Two Wheeler Insurance Add-ons

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.

Add-on Covers For Your Bike Insurance Policy

  • Zero Depreciation

    Like other assets, the value of your two wheeler also depreciates constantly with time and the liabi...

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  • Invoice Protection

    In case of total loss (more than 70% damage) or theft of your bike, the insurance company pays you t...

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  • NCB Cover

    No Claim Bonus is the reward which is given to the policyholder for not making any claim during the ...

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  • Engine Protection Cover

    The damages incurred by the engine of the two wheeler are by default not covered under a bike insura...

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