Most Useful Add-Ons in a Bike Insurance

5 Add-On Covers For Bike Insurance You Shouldn't Miss

Add-on coverages for two-wheeler insurance are extra protections that are available with both comprehensive and standalone own damage two-wheeler insurance plans. Although the Bajaj Allianz bike insurance add-on covers come at an additional cost, they are well worth it because they greatly increase the coverage of a basic plan at a nominal cost. The two-wheeler insurance coverage has an option to be combined with a number of bike add-on covers. Zero depreciation, passenger aid cover, and others.

Examples of two-wheeler insurance add-on covers 

Each two-wheeler insurer offers a different selection of add-ons for bike insurance check online. A general insurance firm offers its clients the following additional two-wheeler insurance coverages: 

1. Cover for zero depreciation 

Depreciation is the reduction in the value of the vehicle that happens over time. By default, the owner of a two-wheeler is responsible for covering the expense of depreciation. To help- you claim a larger sum, a zero depreciation cover helps you ease the burden of paying your vehicle’s depreciation expenditures. 

2. Consumables add-on cover in a two-wheeled vehicle

All the consumable parts of a motorcycle, including grease, lubricants clips, bearings, fuel filters, oil filters, brake oil, nuts and bolts, screws, etc., that are typically not covered by a regular own-damage insurance policy are covered by insurance. 

3. Cover for roadside assistance 

When your two-wheeler vehicle experiences a mechanical failure or other problem, the roadside assistance coverage in your bike insurance can give you the most crucial support when you become stranded in the midst of a road or highway. 

4. Key replacement for key loss cover two-wheeler insurance add-ons

They provide compensation to the policyholder for key loss(s). Additionally, a spare key is made available as quickly as possible. 

5. Passenger assistance cover 

Regular health insurance plans may not always offer protection for the pillion rider, but the Passenger Cover add-on does. If the pillion rider is injured or worse, in an accident, it pays compensation to the co-passenger. 

6. Engine safety cover 

In the event the policyholder’s engine or other parts need to be repaired, the Engine Protection Cover helps protect them financially. 

7. Misplacement of personal items 

The policyholder can benefit from this add-on if they experience financial loss. 

8. Go back to billing 

Return to Invoice coverage enables the policyholder to get the full invoice value of your car in the event that it is totaled, declared a Constructive Total Loss (CTL), or stolen. 

9. Daily compensation 

When a policyholder chooses this add-on, the bike insurance policy provider will pay them a daily allowance while the two-wheeler is missing or being repaired. 

10. NCB protection 

Even if the policyholder files a claim during the policy year, this add-on enables them to keep their No Claim Bonus. In general, the first two assertions have little impact on the NCB.

* Standard T&C Apply 

The following are some advantages of the Bajaj Allianz bike insurance add-on covers: 

  • Get roadside help: The Roadside assistance add-on cover is simple to obtain in the case of an emergency, like a vehicle breakdown.
  • Safeguards your bikes decline: Because of typical wear and tear over time, the value of your bike’s body parts will decrease. One might, however, avoid the cost of depreciation by selecting a zero depreciation add-on insurance. 
  • Keep the NCB concession: A policyholder may forfeit their earned NCB concession if they file a claim while the insurance plan is still in effect. By not filing any claims throughout the preceding insurance plan’s tenure, you can receive this concession. 
  • Offers coverage for unfortunate incidents and disabilities: A Personal Accident Add-On Cover offers financial protection against unfortunate incidents/disabilities.

Add-ons to your two-wheeler insurance resemble icing on the cake that strengthens the coverage of your vehicle.

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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.

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