Daily Allowance Add-On for Bikes

You never know what is waiting for you tomorrow, especially when an accident or any other covered events makes your bike out of action. Here, the Daily Allowance Add-On ensures financial comfort so that you are able to pay for higher transport costs incurred on such days.

• Daily Allowance: You will receive a daily allowance to take care of transportation, including public transport, ride-hailing services, or bike rentals. This way, you will have an opportunity to get to work, attend critical appointments, or take care of other commitments without any money problems.

• Flexible Duration: This add-on is flexible with your needs and the estimated time for repairing your bike. If your bike is out of commission for a few days or more, the allowance is flexible enough to fit your situation.

• Hassle-Free Process: The add-on is seamlessly integrated with your insurance policy, ensuring an easy claims process. From filing a claim to receiving the payout, everything is designed for maximum convenience.

• Convenience and Financial Support: Transportation costs may add up without your bike. The Daily Allowance Add-on keeps you financially supported so that you can continue to attend to your daily routine without a hitch.

• Customizable Coverage: Whether you require a few days' or weeks' worth, this add-on can be customized to whatever your needs may be.

• Peace of Mind: Knowing your transportation is covered in the event your bike is in the shop keeps you focused on work, family, or whatever other priority demands your attention.

• Continued Mobility: Even when the bike is out, the add-on assists you to carry on your daily routine, for instance, driving to work, running errands, or your personal commitments.

• After an Accident: In case of an accident that breaks down your bike, the add-on covers alternative transport costs. For example, if your bike is in the workshop for two weeks, you can use the allowance to pay for public transport or rides without extra financial stress.

• Natural Disasters: Incidents such as floods or storms can leave your bicycle in the workshop for days or weeks. The Daily Allowance Add-On ensures that your daily transportation needs are maintained uninterrupted, giving you some leeway during difficult times.

• Unexpected Bike Downtime: Minor mechanical failure or part replacement can take the bike out of action for you. This add-on helps fill the gap of transporting you while the bicycle is under repair.

• Unexpected Travel Expenses: In case you require unplanned travel when your bicycle is under repair, daily allowance can be used to handle unpredictable transportation costs.

To get the Daily Allowance Add-On with your bicycle insurance, follow these:

• Sign Up: Select this rider at the time of purchasing your bicycle insurance or when your policy is up for renewal.

• File a Claim: In case of an accident or covered event, contact your insurer with required documents such as repair estimates and proof of alternative travel expenses.

• Receive Allowance: Upon approval, you’ll receive the daily allowance to cover transportation costs while your bike is being repaired.

• Keep Records: Maintain receipts or records of transportation expenses for a smooth and quick reimbursement process.

At Coverfox, we don't want your daily commute to come to a stop because your bike is under repair. The Daily Allowance Add-On ensures uninterrupted mobility: whether you are going to office, running errands or attending personal commitments.

When you choose Coverfox, you do not simply cover your bike; you're investing in peace of mind. Apply for the Daily Allowance Add-On to your two-wheeler insurance today itself and ride worry-free in the event of an untimely downtime of your bike. Let Coverfox be your co-traveler on the ride to seamless mobility.