A standard two wheeler insurance as mandated by the law is sufficient to cover the basic risks your vehicle is exposed to. But if you own a sports bike or a superbike, the degree of risk while riding it is considerably high compared to a normal commuter motorcycle. That is why you need something more than a regular insurance policy. There are several add-on covers that you may opt for to expand the scope of your sports bike insurance policy. This may save you from a variety of damages, losses and expenses.
Getting a bike insurance especially if you like to ride mean machines like Ducati or KTM can be a bit tricky as you don’t want to compromise on the protection that your insurance offers. It is important to choose a reliable insurance company that offers you maximum protection at reasonable premiums. If you own a superbike, the exceptions of a standard motorcycle insurance cannot be ignored as you need better coverage for the safety of your vehicle, your pillion rider, and yourself. If you get to meet an insurance expert, they will advise you to maximise the degree of protection by choosing different kinds of add-on covers that you can avail with certain extra premium.
The page provides you with information on different add-ons that you can get included in the insurance policy for your sports bike.
Zero Depreciation Cover
When a two-wheeler rider meets with an accident, the expenses to replace the damaged parts cannot be fully recovered due to the depreciation value applied to them. A zero-depreciation cover can be instrumental in such cases as it will make the insurance provider liable to pay full claims. A ‘no depreciation cover’ will provide coverage for the repair and replacement of rubber, plastic or fibre components of a vehicle. This add-on cover can be opted for with a little extra premium.
Pillion Rider Accident Cover
Two-wheelers accidents can sometimes be hazardous to the life of the rider as well as the pillion. In many vases, two-wheeler accidents cause serious physical injuries to the rider and co-passenger and might even turn fatal. A personal accident cover for pillion can be very helpful in seeking the compensation for the medical expenses of your pillion rider in case of accidents.
Add-On Cover For Accessories
To get coverage for your sports bike’s accessories and electrical & non-electrical components, you may opt for an ‘accessories cover’. With a little additional premium, you can get the expenses on replacement or repair of your vehicle accessories covered.
Daily Cash Allowance Cover
With daily cash allowance cover, you can get per day allowance if your vehicle remains in the garage for more than four days. The add-on basically covers your daily commute while your vehicle is not available to you for use. This cover may not be very useful as your two-wheeler might not stay for more than four days in a garage and a daily allowance for a day or two won’t make a big difference.
Roadside Assistance Cover
Imagine a situation when you are riding in areas far away from a petrol pump or a repair garage and your vehicle breaks down. A ‘roadside assistance cover’ may get you the needed assistance in such tricky situations. With this add-on, you can get your two-wheeler repaired or serviced if you are stuck in a deserted place and cannot find any help.
No Claim Bonus Protection Cover
A large number of people file insurance claims every year. Yet there is also a large number of two-wheeler owners who drive safe and avoid getting in any situation where any damage is caused to them or their vehicles. A ‘no claim bonus’ is a reward that an insurance provider offers to the customer for filing no claims on their policy during the previous year. An NCB cover can help you get discounts on your bike insurance premiums.
A cashless hospitalisation add-on cover can be extremely pertinent in case of an accident that may involve a multitude of expenses. The cover makes sure that the medical treatment runs smoothly.
Not all the companies offer the add-ons as mentioned above. Hence, you must wisely choose your insurance provider and also get certain add-ons based on your specific needs.
As per some statistics, two-wheelers are involved in most number of accidents that happen in India. While no one wants to meet with a tragedy, there are situations when you can’t escape. All we can do is be better prepared to face such emergencies. The above-explained add-ons can enhance the scope of your motor insurance policy and provide you coverage in a range of incidents with a little more extra premium.