Super bikes are expensive. Not like ‘it’s a bit out of your range’ expensive but more like ‘save up a few years’ salary to buy it’ expensive. Their exorbitant pricing is often justified because these bikes often feature state-of-the-art, trademarked technologies that an average layman can’t even begin to comprehend. Besides being a vanity purchase, superbikes offer speed and power (lots of it) and can glide through roads at more than 250-300 kilometres per hour.
Also, the maintenance of these vehicles are expensive on their own and can easily cost over Rs.30,000 a month and go on to about as high as Rs.1 lakh depending on the level of usage. What this means is that having a basic insurance just isn’t enough. You, in fact, require a few add ons that can be included on to your insurance policy. Below you will read about the different types of add-ons you can use. Read on to find out.
Also known by other names like Zero Depreciation Cover or Nil Depreciation Cover, this add on offers coverage against any damages to your superbike caused due to everyday wear and tear. This type of add on is one of the most popular among vehicle owners as they provide reimbursement/cover against aspects a typical comprehensive policy doesn’t.
When you apply for a claim, you will receive the full amount you have claimed for unlike in the case of comprehensive policy where the insurer deducts an estimated value for wear and tear.
Pillion Rider Cover
Riding a bike in urban areas is a danger in itself. Doing so on a superbike, especially would mean that you have kicked up the danger quotient by a few notches. This is why you should also have an add on policy that covers pillions against any injury. Getting such a cover shows that you care for them and are actually prepared to deal with the worst if they come to happen.
If you have a superbike there’s a chance that you tend to use if quite a lot. In case you do, there’s also a chance that it might sustain some damage due to some unexpected accident. When this happens, you will have exhausted all your insurance money on getting the bike repaired, leaving little to no money to fend for yourself. Getting a cash cover such as this will help take care of your daily expenses for a period mentioned in the policy document.
Irrespective of how careful you are on the road, there are always instances where you will get caught up in an accident for no fault of yours. Having covers such as this over and above your existing two-wheeler insurance policy will help you handle such occurrences.