Add-On Covers in Two-wheeler Insurance Policy: Are They Required?

Two-wheeler insurance add-ons are like frosting on the cake, strengthening your two-coverage. wheelers Along with two-wheeler insurance policies, there is a choice of bike add-on coverage to choose from. Zero depreciation, passenger aid cover, and so forth are a few of them. To make your existing comprehensive insurance coverage more helpful and beneficial, most insurance providers offer add-ons. Personal accident coverage, third-party liability coverage, and other options are available.

What Are Two Wheeler Insurance Add -Ons?

 Add-on covers for two-wheelers are a way to protect your vehicle from the elements. This is offered for alternatives such as Own Damage Bike Insurance, Third-Party Insurance, and Comprehensive Bike Insurance, where more protection is provided for an additional fee for each add-on cover, and the base policy is upgraded.

Benefits of Two-Wheeler Add-On Covers

The following are some of the advantages of purchasing bike insurance add-on coverage:

1. Additional Protection: In addition to your existing basic bike insurance coverage, two-wheeler add-ons give additional protection to your vehicle.

2. Peace of Mind: Bike owners benefit from add-ons since they give more coverage and compensation. You'll have peace of mind and a stress-free driving experience as a consequence.

3. Helps in Customization: Bike insurance add-ons allow policyholders to tailor their insurance policies to their specific needs.

Types of Two-Wheeler Insurance Add-on Covers

Add-ons for two-wheeler insurance vary from one two-wheeler insurer to the next. In two-wheeler insurance, a general insurance company may offer the following add-on coverage to its customers:

1. Zero Depreciation Cover: Depreciation is a natural occurrence that occurs as time passes. The onus of absorbing the expense of depreciation caused by a two-wheeler falls on the vehicle's owner by default. A zero depreciation policy relieves you of the burden of carrying your vehicle's depreciation charges, allowing you to claim a larger sum. 

2. Consumables Cover: Add-on Cover for Consumables in a Two-Wheeler Insurance covers all of a bike's consumables, including grease, lubricants, bearings, fuel filter, oil filter, brake oil, nut and bolt, screw, and other components that aren't generally covered by a regular own-damage policy.

3. Roadside Assistance Cover: When you become trapped in the middle of a road or highway due to a technical breakdown or malfunction in your two-wheeler, roadside help is included in your bike insurance policy. The optional cover covers you in the event of a flat tire, fuel delivery, car towing, battery depletion, and on-site minor repairs, among other things.

4. Key Loss Cover: In two-wheeler insurance, the Key Replacement Add-On pays the insured for the loss of a key (s). It also delivers a spare key in the shortest amount of time feasible.

5. Passenger Assistance Cover: The Passenger Cover add-on protects the pillion rider as well, which is something that conventional health insurance plans don't often provide. In the case that the pillion rider is wounded or killed in an accident, the co-passenger gets compensated.

Take Away

Despite having just 1% of the world's automobiles, India is responsible for roughly 4.5 lakh traffic accidents per year. In certain sections of the nation, the roads are in poor condition, and traffic is horrendous; add to this some careless driving on the part of some individuals, and you have a recipe for a road accident. Insurance is a must-have for everyone who owns a two-wheeler or any other vehicle. Make sure you have adequate insurance for your two-wheeler and think about adding some extra coverage to the policy to make it more comprehensive.

Also Read:

5 Bikes/Scooters expected to launch in 2021 in India

Is Two-Wheeler Insurance Compulsory For Electric Scooters? 

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.