Comprehensive cover is the best thing you can get from your two wheeler insurance policy. Regardless of how inexpensive a third party insurance might be, not only is it a practical option, but also an advisable move to purchase comprehensive insurance policies as they will ensure that financial coverage is provided in case of accidents. Apart from the obvious advantages of purchasing a comprehensive insurance policy, other benefits are also provided by the insurance company. Add-ons are great examples of these benefits. By adding an extra option to your comprehensive insurance policy, you not only derive maximum benefits from it, but also increase its value on the whole.
Some of the most common add-on covers you can purchase along with your comprehensive two wheeler insurance policy include third party cover and personal accident cover. These covers are offered by almost all insurance companies and are usually availed by most individuals who purchase two wheeler insurance. However, there are other add-on covers that can be availed for a nominal premium payment and can help you make the most of your two wheeler insurance.
Following are a few add-on covers that can be purchased along with your two wheeler insurance policy to increase its value and gain comprehensive protection:
Personal Accident Cover
Two wheelers are relatively risky modes of transport in comparison with four wheelers as two wheeler accidents usually prove fatal for the rider as well as the pillion. The risk of incurring serious injuries and the possibility of death due to an accident are also quite high for people who use two wheelers. Purchasing a personal accident cover will ensure that you receive financial cover in case you meet with an accident. This cover can be used for partial or full disability for the rider as well as the pillion.
Zero or Nil Depreciation Cover
Two wheelers, like any machine, are susceptible to wear and tear. More often than not, the owner of the vehicle has to incur costs related to replacement or installation of new spare parts. Depreciation costs can be unexpected and unnecessary costs for the owner as they have the potential to upset their financial balance at any time. Purchasing a zero or nil depreciation cover will ensure that the insurance company will cover all costs related to replacement of parts due to wear and tear. A nominal premium payment will be charged to avail this add-on cover, but purchasing it will take care of repair costs associated with the fibre, plastic and rubber components of your two wheeler.
The most important add-on you can purchase with your two wheeler insurance policy is the medical cover. In case of an accident, you will not have to worry about the costs you will incur. Since medical expenses can be relatively high in times of accidents, a medical cover can be purchased to ensure that the insurance company will cover the costs associated with any medical treatment you may require after meeting with an accident.
Cashless hospitalisation add-on cover can turn out highly beneficial for your two wheeler insurance as the costs involved with medical treatments and hospitalisation post accidents can be relatively high. Cashless hospitalisation will ensure that you won’t have to burn a hole in your pockets for treatments or hospitalisation by simply purchasing this cover for an extra premium payment.
These are some of the add-ons that can be purchased along with your two wheeler insurance. Some of the aforementioned covers may not be offered by all insurance providers, so it is essential to do your homework and approach an insurance company that not only offers comprehensive two wheeler insurance policies, but also provides customers the option to purchase additional cover to increase the value of their policies whilst deriving maximum benefits. Each add-on has its benefits, and purchasing the ones that will best suit your riding experience will ensure that you can breathe easy in troubled times as your financial burden will be significantly reduced.