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Best Bike Insurance Add-On Covers To Buy Online

Every Indian knows that it is mandatory by law to have a bike insurance plan when riding your bike on the road. Failing to present a valid bike insurance policy will attract a hefty penalty under the New Motor Vehicle Act of 2019.

In India, several insurers provide bike insurance to the audience at competitive prices. Now, it is important to understand that there are two types of bike insurance plans available in the market.

  1. Third Party Bike Insurance 
  2. Comprehensive Bike Insurance

Between the two, it is recommended to opt for a comprehensive bike insurance plan as the policy provides extensive coverage. Moreover, you can enhance the coverage of the policy with add-on covers. 

In this section, we have discussed in detail some of the best bike insurance add-on covers that you can buy online. Here, take a look!

 

 

With the zero depreciation cover, you will be able to seek a higher claim amount. This is because the depreciation factor of the bike is not taken into consideration when paying the compensation amount. 

However, it is essential to note that this cover will pay only for those bike parts where depreciation is considered. In case the depreciable parts are not damaged, you will not get any compensation for the claim raised against the cover.

 

 

Certain consumable bike items such as nuts, bolts, engine oil, etc. require a significant amount for repair or replacement over time. With this cover, these items will be covered in your bike insurance plan. Make sure that you explicitly ask your insurer to provide you with the list of consumable items covered to avoid discrepancy in the future.

 

 

The bike engine protection cover, as the same suggests, will cover damage to the bike engine. Ideally, a bike engine is not covered in your comprehensive bike insurance plan. This cover ensures that any damage to your bike engine will be covered under it. 

 

 

If you use your bike for your daily commute, the downtime allowance cover is a must for you. With this cover on your primary bike insurance plan, the insurer will pay a specific allowance in the event of an accident or damage involving your bike. However, note that this cover is not applicable for minor repairs of your bike.

 

 

With the return to invoice cover on your bike insurance plan, the insurer will repay the full monetary value of your vehicle in the event of total damage or loss. Moreover, depreciation will not be deducted from the settlement amount. The cover also includes the road tax and registration fees in the compensation amount. However, note that return to invoice only comes in handy in the event of theft or total loss of your bike. 

To Conclude

A bike insurance plan is quite an essential document. As stated earlier, you will be charged with an e challan if you fail to present the policy. Besides, when you are buying bike insurance in India, make sure that you are opting for the add-on covers that are useful to you. It is important to note that you will have to pay additional premiums for each rider benefit. 

 

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