If you are riding a bike in India, you must have an insurance policy. To be sure, you must have at least a third-party policy when using the vehicle. Failure to comply with this rule will result in hefty fines and other problems. For this reason, many bike owners buy third party plans to avoid legal hassles. However, depending on the risks of riding a bike, you may need more than just liability coverage or basic comprehensive coverage.
The basic comprehensive policy only applies to repairing your bike if it is accidentally damaged. Repair or replacement of engine due to incidents like water logging or oil leaks is not covered by the standard comprehensive bike insurance policy. However, you can add it as an add-on cover to enhance the standard policy.
What is the Engine Protection Add-on Cover in Bike Insurance?
As the engine is the heart of the vehicle, the cost of repairing it can be extremely high. Moreover, it doesn’t take much for the engine to take damage from natural or man-made causes. Events like flooding, structural damage, oil leaks, etc. could wreak havoc on engine integrity and performance. In such a situation, you will need financial coverage to repair the damage. Engine repairs are not common. Hence, it makes sense that the cost of repairs in this case is very high.
Covering this cost is where the engine protection add-on cover comes in handy for bike insurance online buyers. Since the engine is not covered in the basic comprehensive policy, you can choose it as an add-on cover. For a nominally higher premium, you can guarantee that you will be financially covered in the event of damage to your bike’s engine. The Engine Protection add-on provides coverage for repair or replacement of water ingress, lubricant oil/coolant leakage, engine and gearbox components arising from the bike’s hydrostatic lock.
Engine protection cover is an important part of a comprehensive plan as it improves coverage and protects your finances in the event of engine damage. For a slightly higher bike insurance price, the Engine Protection add-on is an extra piece of coverage that you should consider before purchasing a bike insurance policy. * Standard T&C Apply
How to buy the add-on online?
Just like the basic bike insurance policy, you can buy an engine protection add-on online. The traditional way of contacting an insurance agent or intermediary to buy add-ons can be confusing, but the new age is turning digital and making the process hassle-free and faster. To purchase a bike engine insurance cover, you must do so when purchasing a new policy or renewing your existing policy. Here are the steps you can follow to purchase the add-on:
- Visit the insurance company’s website
If you are buying a new policy for your bike:
- Enter the bike details such as model, variant, year of purchase and policyholder residence.
- You have the opportunity to choose between third-party and comprehensive insurance policies.
- Choose a comprehensive plan so that you have the option of adding an add-on cover.
- Select the Engine Protection add-on to be added in the base policy.
- Pay the premium and receive the policy document in your email account.
* Standard T&C Apply
If you are renewing an existing policy for your bike:
- Log in to your account to renew your bike insurance policy.
- You have the option to select any of the add-on cover, select Engine Protection Cover.
- Pay the renewal premium and receive the policy document in your email account.
* Standard T&C Apply
Please note that add-ons cost extra premium. Hence, you should know exactly how much more it would cost you. To help with that, you can use a two wheeler insurance premium calculator. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.