Third party insurance might be a cheaper option when it comes to insuring your two wheeler but comprehensive coverage will go a long way. However, as customers, you don’t avail a hundred per cent immunity just by availing the mandatory third-party insurance.
Even when you select a comprehensive insurance cover for your two wheeler it does not provide a full protection. An individual should seek to add on cover vis-a-vis the risk exposure.Let’s find out how you can secure your two wheeler in the best possible way.Almost all insurers offer different add-ons to supplement comprehensive insurance policy to make it more beneficial and important for the buyer.
Protection covers like passenger cover, zero depreciation cover, cover for accessories, etc. are on offer.There are a lot of other add ons that can be obtained at additional premium. The additional premium amount depends upon the type of covers chosen. Different add-on covers come at different prices.Read more on the add-ons that you can buy along with a two wheeler insurance policy:
Pillion Rider Cover
Unlike car accidents, bike accidents are usually fatal for both the rider and the pillion. There are chances of death or some serious injuries to take place. Both the persons carry equal amounts of risk in the case of an accident.While the rider is covered against death and disability in a vanilla policy, opting for passenger cover will provide accidental cover against full or partial disability of the co-passenger as well.
Nil or Zero Depreciation Cover
In the majority of cases, it is the bike owner who pays for the depreciation and replacement of new spare parts, after an accident. However, if one wants this expenditure to be covered by the insurance company.One needs to buy the Nil or Zero Depreciation add-on by paying an extra premium to avail the benefits of this cover along with the existing insurance plan. The Nil or Zero depreciation plan covers repair/replacement costs of rubber, plastic and fiber components of the two wheeler vehicle.
Medical Cover
Amongst all other requirements and assistance, medical assistance is of utmost importance at the time of an accident. In most cases, the medical expenses are usually unaffordable. This makes it a prime reason as to why medical cover is essential for your two wheeler’s insurance plan. This is an add-on cover that helps to cover the costs related to a medical treatment caused by the accident.
Accessories Cover
If you are one of those two wheeler owners who like to add fancy electrical and non-electrical accessories to compliment your two wheeler, you better opt for an accessories cover to provide shield against any damage loss to those valuable accessories. All you have to do is provide the value of those accessories at the time of policy purchase and just relax.
Multi-year policy
A multi-year policy covers the two-wheeler for a period of up to 3 years that will ensure coverage against legal liability for injury, death, owner-driver and optional personal accident cover for a pillion passenger, and property damage caused to a third party in the event of an accident.
Engine Protection Cover
If you are staying in an area that is prone to flooding during the rains, this add-on cover is a must for you. This cover provides coverage against damage to the engine of the vehicle due to water ingression leading to hydrostatic lock. It also covers cases like leakage of lubricating oil and damage to the gearbox.
Emergency Roadside Assistance
With this, the insurer provides certain emergency services like refuelling, towing, change of flat tyre, mechanic’s services and so on in case the car breaks down
Conclusion
Considering the unforeseen threat of an accident, add-ons are beneficial to cover the least expected expenses following any accident. Apart from a basic insurance cover, add-ons help you to hand over all likely accidental expenses to the insurer; thus making you stress free and happy to ride always.
