Add On Covers For Your Sports Bike

When getting bike insurance for your car, it is required by law to purchase at least third-party or liability-only coverage. However, it is known that your sports bike is incredibly valuable to you and that third-party coverage is insufficient. It is also recommended that you acquire add-ons to your comprehensive bike insurance policy, which covers damage to you and your own vehicle as well as harm to third parties involved in an accident with your two-wheeler. Add-ons are optional coverages that you may purchase for an extra fee to supplement your insurance policy's coverage. When it comes to something as important as a sports bike, it's a no-brainer that you should choose them to customize your policy to your specific demands.

Important Add-Ons for Your Sports Bike Insurance

Let's take a look at some of the most crucial insurance options for your motorcycle:

1. Coverage for Zero Depreciation

Depreciation is the term used to describe the decrease in your bike's assessed market value (IDV or Insurance Declared Value) over time. If you file a claim for components replacement or damage to your bike, you will be rewarded based on the bike's depreciated IDV rather than the actual cost of repairs. This add-on guarantees that the insurance provider will reimburse you for the market value of the acquired parts.

2. Assist on the Road

It is unquestionably beneficial to be able to contact your insurance carrier for assistance in the event of any incidents or breakdowns while on the road. Roadside assistance gives you the opportunity to seek emergency help in cases like bike breakdowns, towing, and so on, and is especially important if you own a sports bike because you don't want to take any chances with such a precious item.

3. Cover for the Engine

It's very likely that your sports bike's engine may be damaged at some time, perhaps as a result of a natural disaster such as floods. In this case, having the engine protect cover add-on is particularly advantageous, as this would not be covered by a typical comprehensive coverage. It is especially advised for individuals who live in places that are prone to flooding. The expense of replacing the engine on a sports bike can be too expensive, hence this add-on cover is recommended.

4. Cover for Anti-Theft Devices

Every bike should be equipped with an anti-theft device that will alert you in the event of theft by a third party. And, given the expense of the bike, installing an anti-theft system on a sports bike is much more crucial. In addition, if the owner of the covered vehicle has installed an ARAI-approved anti-theft device in the bike, the insurance provider will give you a reduction on the premium amount.

5. No-Cash Option

This is an essential optional cover that every bike owner should have. As the name implies, if a policyholder needs emergency car service or has been in an accident, they can instantly notify the insurance company, and assistance will be dispatched to their location via the insurance company's network of hospitals and garages. With this add-on optional insurance, the policyholder does not have to pay money at the hospital or at the repair garage to receive any type of service. Every insurance firm will have a network of garages and hospitals in various areas around the nation from which they may dispatch support to policyholders.

Take Away

Your standard comprehensive insurance policy would not cover all potential damages in all of the scenarios you could face. That is why, to improve your insurance, you should choose add-on coverage. These are three of the most important ones to consider if you want to safeguard your sports bike while also providing a strong financial safety net.

You may also like to read - Reasons To Choose Long Term Third Party Two Wheeler Insurance Policy

Steps to avail an ideal bike insurance for city riders

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.