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  • Necessary Add-on Covers For sports Bikes

    Two Wheeler Insurance
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    If riding a regular bike is thrilling and exciting, then the level of excitement riding a sports bike is another level. Manufacturing sports bike needs much higher technology and polished engineering to make sure that it meets all the standard safety measures and other required standards. It’s given that sports cost higher than the regular bikes and require much better protection with a two-wheeler insurance cover that fulfills its requirements.

    Often sports bikes are being ridden a little faster than the regular bikes even on city roads. Riding it on a race track is completely another experience and the speed over there is of another level. So while the sports bike is been riding that fast on city roads, no matter how much the brakes and clutch have been designed to work with highest efficiency, accidents and few damages are always unfortunate. In times like these, a two-wheeler insurance protection is just what one needs to pay for either the repairs caused to the vehicle or the person riding it or even for the damages caused to the third-party.

    Just insuring the sports bike with a third-party insurance is never enough as it is the bare minimum. For a sports bike with a higher purchase price, a comprehensive plan is the ideal choice for any insurance buyer. A comprehensive plan protects you bike against many uncertainties it may have to face like, own damage, accident, third-party liability, theft, burglary, storm, floods, terrorists attacks, civil protests, riots, fire, etc. But sometimes, just insuring with a comprehensive plan will never be enough. For instance, if the bike is broken or needs a mechanical help in middle of nowhere, it is hard to find a repair shop or even a mechanic or if there is an accident and the owner needs medical attention, it is hard to find an hospital nearby if its deserted place. These are just two incidents of the many which one might face on a bike ride or on a regular commuting.

    To help in times like these, the insurers have designed few add-on covers that where the insurer would provide immediate assistance to the insured at his location through his network of garages and hospitals, legal facilities, reimbursements, etc. Though the engineering of a sports bike is extremely taken care of and designed to perfection by the manufacturers, few add-on covers will help you protect your bike under all possible conditions so it stays fit for the longest time.

    Necessary Add-on Covers For Sports Bike:

    1.Zero Depreciation cover:

    Every machine has a depreciation value even if it’s a sports bike, it may be dear to you, but the truth is it will depreciate over time. The depreciation percentage is decided by the IRDAI according to the age of the bike. A zero depreciation cover is an add-on two-wheeler insurance cover which is an upgrade package along with the comprehensive policy. By purchasing the zero-depreciation cover, you are completely eliminating the depreciation calculation for the bike whether at the time of claiming the insurance or while renewing the policy. The insurer will pay the complete cost of repair or replacement of certain parts without deducting depreciation which is otherwise not possible in a regular cover. To avail this add-on optional cover, you have to pay extra premium in addition to the comprehensive policy.

    2.Personal accident cover:

    The medical treatment cost are expensive these days and the technology in the field has advanced with time. The number of bike accidents have increased rapidly over the past few days and the numbers are just frightening especially to a layman’s eyes. The risk involved riding on a sports bike becomes higher for the driver and the pillion rider especially on city roads and highways. That is why insurers provide personal accident cover which can be your savior in times like these. By opting for this important add-on cover, you will be saving yourself from paying for all the high medical treatment costs from your own pocket. The insurance company will take care of all the medicine treatments while you are at hospital and if the insurer allows the after visits to the hospital will also be covered. The minimum amount coverage under this policy is Rs.1 lakh, but can be extended depending upon the buyer’s capacity.

    3.Roadside assistance:

    As mentioned earlier, the vehicle may have a breakdown anywhere, may be in the city or outside or even an accident while traveling for a long ride on weekend. By opting for this cover, you can contact the insurance company 24*7 for an assistance as per the requirement and mention your location. The insurer will immediately send help for emergencies like flat tyre, empty fuel tank, battery issues, medical emergencies, etc.

    4.Anti-theft device cover:

    Every bike should have an anti-theft device installed in the bike that will alarm you in case of theft by any mischief. And if it’s a sports bike, it is all the more important to install an anti-theft device considering the price of the bike. Also, if the owner of the insured vehicle has installed anti-theft device in the bike that is approved by the ARAI, the insurance company will give you discount on premium amount.

    5.Engine Protection cover:

    An engine is the heart of any machine and any minute damages caused to this part can wreck the entire bike. It is not easy to get the parts that has to be replaced in an engine for the damaged parts and if you do happen to replace, it the cost are extremely high and it is expensive to bare it yourself from your pocket. If bike owner purchases this add-on cover, you can drive with a sense of relief and safety as the insurance provides complete protection to the engine. It covers, damage to the gearbox, water ingression, hydrostatic lock, engine lubricant oil leakage, etc.

    6.Cashless facility:

    This is a vital add-on optional cover which is a must for every bike owner. As the name suggests, if the policyholder needs any emergency vehicle service or he/she has been in an accident, they can immediately intimate the insurance company and help will be sent to their location through its network with the hospitals or garages. With this add-on optional cover the policyholder do not have to pay money either in the hospital or in the repair garage to avail any sort of facility without having to pay any money by the policyholder. Every insurance company will have a network of garages and hospitals across the country in various locations, where they can send help to policyholder’s location.

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