Additional coverage can be purchased in conjunction with a comprehensive bike insurance policy. These enhancements increase or expand the coverage and help the policyholder receive the required claim amount without incurring out-of-pocket expenses.
Including add-ons to a plan will increase the policy’s premium. Thus, it is important to include only necessary add-ons if you wish to reduce the overall cost of your policy.
Leading insurers provide a variety of alluring extras with your motorbike insurance policy. Here are the most important add-ons you may wish to include in your policy.
The top 3 bike insurance add-ons to consider after using a bike insurance checking app:
- Roadside Assistance Cover
The Roadside Assistance Cover (RSA) add-on will help you get the assistance you need if an unforeseen event damages your motorbike or breaks down while on the road. It is a service insurance companies offer to motorbike proprietors whose vehicles have broken down on the road. Roadside Assistance for the motorcycle includes fuel delivery, towing, transport service, tyre repair, engine jumpstarting, and key replacement. This insurance add-on can be extremely beneficial if you travel frequently, specifically through unfamiliar terrain. *
- Cover For Engine Protection
Even though the engine is one of the most expensive components of your motorcycle, your insurance policy will not cover any damage to it. The Engine Protection add-on of your bike insurance policy will compensate you for any damages to your motorcycle’s engine. *
Among the situations covered by this add-on are the following:
- Damages caused by water intrusion into the engine
- Damage caused to engine components by leaking lubricating oil
- Engine failure resulting from an attempt to start a damp engine
- Physical damage to the gearbox or differential components
This add-on can be handy if you reside in an area prone to flooding or near streets that quickly become flooded. The Engine Protection accessory is also advantageous if you own a high-end motorcycle with an expensive engine. *
- No Depreciation Coverage
When resolving a claim for repairs or replacement, insurance companies typically deduct the depreciation amount from the cost of a vehicle part. It is because every bike, including every component, experiences depreciation once it is put into use.
Therefore, when a claim is submitted on an online bike insurance app, the insurance company will deduct the standard depreciation fees and pay only the difference. It often results in policyholders paying a portion of the premium out of their funds.
With Zero Depreciation coverage, however, the insurance company covers the depreciation costs of your two-wheeler. Zero Depreciation or NIL Depreciation ensures that the insurer does not account for depreciated value and that you receive a claim settlement for the actual cost of the part/s. *
You expand your bike insurance plan’s coverage when you include add-ons to your insurance policy. While selecting too many unnecessary add-ons for your policy can be costly, the correct combination of add-ons can prevent you from spending too much on the damages.*
Get insured anytime, anywhere! Check out the Bajaj Allianz General Insurance website to learn more and download the app now.
*Standard T&C Apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘