Here's How You Can Personalize Two-Wheeler Insurance Policy

Driving a Bike without valid two wheeler insurance is neither recommended nor legal. Driving without adequate insurance coverage is a serious offense under the Motor Vehicles Act. It protects the owner financially in the event of an accident, theft or natural disaster. The insured is included as much as the insured quantity limit.

Obtaining coverage is now an easy process, however, now no longer do all guidelines meet your desires. As a result, shopping for coverage that doesn't meet your desires can offer several benefits. So, let's examine which custom motorcycle coverage is ideal for your automobile.

Finding the right motorcycle cover can be difficult and time-consuming. Here are some recommended options for covering your motorcycle:

Different types of insurance cover

3rd-party cover options

This is a necessary insurance coverage that protects against the risk of third-party loss or damage to property or persons. No vehicle may be operated on the road unless it is equipped with proper third-party bike insurance. This is a limited coverage insurance policy. It only covers damage caused by your motorcycle to a third party - another vehicle. It does not provide coverage for any damage or loss to your motorcycle. All bike insurance clients must have this coverage, commonly known as act only.

Comprehensive insurance cover options

A comprehensive two-wheeler insurance policy provides complete coverage and involves coverage for damages to your own two-wheeler as well as third-party – person or property – damage. However, because it covers damage to your own bike as well as third-party coverage, it is slightly more expensive than pure third-party coverage. Furthermore, under the new rules, this coverage is only available for a year.

Additional riders

You can choose additional riders as part of your insurance coverage by paying an additional premium. These riders can be added at the time of the insurance's inception or when it is renewed. These riders can get emergency assistance or roadside assistance 24 hours a day, seven days a week. This covers expenses incurred for bike repairs and towing, as well as faster processing of any insurance claims. It provides you with emergency breakdown assistance 24 hours a day, seven days a week. This coverage includes, among other things, on-site minor repairs, duplicate key issues, tyre changes, battery jumpstarts, fuel tank emptying, and towing charges.

Furthermore, the additional riders are -

1. Engine Protection

   This engine cover protects you from water infiltration, gearbox damage, and lubricant leakage, among other things.

2. Consumable expenses

   This will cover all types of motor vehicle oil, refrigerants, coolants, electrolytes, fluids, nuts, bolts, screws, filters, bearings, washers, clips, and other vehicle-related items.

3. EMI Protection

   Following an accident, if the bike is repaired at a certified and approved garage, the insurer will pay the insured vehicle's EMIs under the EMI bike insurance and protection cover.

4. Cover for Pillion rider

   This pillion rider coverage provided by your bike insurance policy is useful if the secondary rider is injured in an accident while riding with you. The co-passenger or pillion rider is covered by the two-wheeler insurance policy add-on.

5. Zero depreciation cover

   You can choose a zero-depreciation bike insurance policy. It is usually available for new bikes at the time of the first policy's issuance. However, if you want it later, it may not be available or may require an additional premium and inspection by the insurance company.

Typically, insurance policies cover the claim amount after depreciation on various two wheeler parts made of rubber, plastic, metal, glass, and other materials. With zero depreciation coverage, no assumptions are made, no deductions are made, and you can receive the entire claim amount. The zero depreciation option is an add-on cover that must be purchased separately.

Mostly Bike Insurance does not include:

Usually, bike insurance does not cover the following things:

• Depreciation – general wear and tear or a decrease in the value of the bike.
• Electrical and mechanical breakdown.
• Illegal driving is defined as driving while under the influence of drugs or alcohol or driving without a valid driver's license.

Documentation we should keep handy while buying insurance.

Identity proof (PAN, Aadhaar, passport, or voter ID) Bike registration certificate (if applicable) Old policy documents (if applicable) Address proof.

Some features to evaluate

• Natural Calamities: Coverage is provided if there is any uncertainty, such as earthquakes or floods, and your bike is damaged.
• Personal Coverage: Provides coverage against man-made disasters, in the event of injuries sustained in a bike accident. The money can be used by the individual however, the amount of bike insurance claims can vary depending on the circumstances.
• Man-made Disaster: Theft, robbery, riot, strike, terrorist activity, and damage in transit by road, rail, lift, or elevator are all covered by bike insurance.

While you can choose to upgrade your two-wheeler insurance policy at any time during the policy term, the most convenient time to do so is at policy renewal. You can look for better policies from your current insurer as well as compare plans from other insurers. The procedure is simple, and you can obtain upgraded coverage from an insurer of your choice in a matter of minutes online.

Also Read: How to Change Nominee Name in Your Bike Insurance Policy?