Additional Cover:A comprehensive bike insurance policy has good coverage but it simply isn’t enough. Add-on covers are like yearly recharges that you do for your base comprehensive plan for more benefits.
Increase Bike Life:Add-on covers are of many types. However, their main benefit is that many add-on covers help you to increase your bike’s life. With add-on covers you can increase your bike’s engine’s life.
Increase Resale Value:Since add-on covers increase the engine’s life, thereby increasing the bike’s life, they also help you to increase the resale value of your bike. Due to add-ons, your bike stays in good condition.
Pays for Repairs:Add-on covers also provide you with financial support for bike repairing and also help you pay for bike parts which are generally not covered in a standalone comprehensive bike insurance policy.
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
A zero depreciation add-on rider cover for your bike’s depreciation. It pays a certain amount that takes care of repairing & replacement cost of your bike’s depreciated parts during the claim process. Remember, each time you file a claim, your two wheeler’s value goes down. This cover helps you to maintain your vehicle’s value so that you get a good resale value.
A stand bike insurance policy doesn’t take care of all of your bike’s small & big body parts. This add-on provides cover for items which are not taken care of in a standard policy. These items include screws, nut bolts, brake oil, oil filter, fuel filter, bearings, lubricants clip or grease. Buying this cover will save you a lot of money on servicing.
A flat tire becomes a big problem when you are either on the way to a place or when you have to go somewhere. It also becomes hard on your pocket in an emergency situation. In such cases, if you have a tyre damage add-on cover along with a cashless garage facility, you save a lot of time & money. This add-on cover mainly pays for damages caused by tyre bursting, in-tyre bulging, punctures, tyre cuts due to accidents.
This add-on rider protects your NCB discount which you are eligible for while you renew your policy next year. If this rider isn’t there, your NCB discount will be lost if you make any claims during that year. Usually, you get an NCB discount on renewal, if you had a claim free year. However, this add-on cover protects your NCB – No Claim Bonuses even if you file a claim during a policy year.
This add-on cover is highly recommended for those who solely use their two-wheeler as their mode of transport to work. If the two-wheeler breaks down and is sent for repair, it causes great inconvenience & one has to spend an extra amount on traveling. To protect yourself from such cases, this add-on rider provides you with a daily allowance of up to Rs.500/- in case your two-wheeler has gone for repair or is lost.
This cover is also called an RTI cover. This cover helps you get a compensation amount from the insurance company that is equivalent to the invoice value of the two wheeler, which is your bike’s original value when you purchased it from the dealer. However, the claim only applies in bike theft situations or when your bike is completed beyond repair.
It is also called personal possession cover. It is mainly available with bike insurers that offer a comprehensive insurance policy. Your insurance company will offer cover for any type of damages or losses to most of your personal belongings that you may have while riding your two-wheeler. You can avail benefits in case of any monetary losses suffered during your vehicle’s accident.
Oil leakages or Floods can lead to severe damages to the bike’s engine in the long run. A standalone bike insurance plan does not pay for the costs involved in engine repair. An Engine Protection add-on pays for the costs involved in engine repair. It also pays for the cost involved in employing repairmen.
Provides cover to the person sitting on the passenger seat of the vehicle or behind your bike if he or she sustains injuries, gets disabilities or passes away due to an accident. This is highly recommended for couples travelling together on the bike or couples travelling to work together.
Bike keys aren’t cheap & may cost up to Rs. 2000 in certain cases. In case you misplace or lose your bike keys, you need not pay any extra charges for a new key if you buy the bike key loss cover. When you have this cover, the insurance company pays for the costs in case you have to buy a new key from the bike’s service centre. Thus, this cover provides financial help in case you lose your key and also provides you with a spare key.
We all may come across or have come across situations when we were on a journey & our bike broke down. It might be due to battery issues, flat tire, fuel issues and other such problems. This causes great inconvenience. To protect yourself from such situations, the roadside assistance add-on is highly recommended. It offers protection in case of on-site minor repairs, battery drain, towing issues, fuel delivery or flat tyre in the middle of the road.
This cover pays a certain amount that takes care of repairing & replacement cost of your bike’s depreciated parts during the claim process & helps you to maintain your vehicle’s value so that you get a good resale value.
This cover pays for items like screws, nut bolts, brake oil, oil filter, fuel filter, bearings, lubricants clip or grease. Buying this cover will save you a lot of money on servicing.
This add-on cover saves you a lot of money as it pays for damages caused by tyre bursting, in-tyre bulging, punctures, tyre cuts due to accidents.
Even if you file a claim in this year, you will still get the NCB discount while you renew next year because of this cover.
Someone who uses their two wheeler as their main mode of transport to work or business or delivery of goods.
Someone who lives in water logging areas or someone who fears any physical engine damage to their bike due to vandalism.
So that you save a lot of time, money and energy and quickly a new key for your bike in case you lose your current one.
This is recommended for long distance travellers as they get all the help they need in case their bike breaks down.
