Universal Sompo allows policyholders to customise their bike insurance policy with a range of add-on covers that extend protection beyond standard coverage.
1. Depreciation Waiver Cover
This add-on eliminates depreciation deductions on replaced parts during claim settlement, helping policyholders receive a higher claim amount and minimise out-of-pocket repair expenses.
2. Return to Invoice Cover
In case of theft or total loss of the insured bike, this cover helps compensate the difference between the bike's Insured Declared Value (IDV) and its original invoice value.
3. Roadside Assistance Cover
Provides emergency support services such as towing assistance, battery jump-start, fuel delivery, flat tyre assistance, and on-road breakdown support.
4. Engine Protector Cover
Offers financial protection against engine and gearbox damage caused by water ingress, lubricant leakage, and hydrostatic lock, which are generally excluded under standard bike insurance policies.
5. Daily Cash Allowance Benefit
A distinctive Universal Sompo add-on that provides a daily allowance when the insured bike remains unavailable due to repairs following an admissible claim.
6. Hospital Daily Cash Allowance
Provides a fixed daily benefit if the insured rider is hospitalised due to injuries sustained in a covered accident.
7. Accidental Hospitalisation Clause for Family
This value-added cover offers financial assistance when eligible family members require hospitalisation due to an accident covered under the policy terms.
8. Loss of Driving Licence / Registration Certificate Cover
A specialised add-on that covers expenses associated with the loss of important vehicle documents such as the driving licence or registration certificate.
