Here’s How Additional Covers Ensure Maximum Coverage for Your Bike

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Bought your dream bike? Well, we are sure that the feeling of riding your bike on those brooding, long highway stretches is just so invigourating. That said, are you aware of the dangers −human-made or natural − that your new bike is exposed to, when on the streets? So, how can you ensure that your companion stays safe?

“By having a comprehensive insurance policy as a protective cover for your vehicle.”

A bike insurance policy not only protects you from the innumerable expenses that arise after an accident but also keeps you out of the legal grasps. According to the Motor Vehicles Act of 1988, purchasing an insurance policy for bike is mandatory. Not having a policy can also attract various penalties and even lead to imprisonment.  

The bike insurance policy offers coverage to the insured vehicle and protects you from various expenses in case your bike is involved in a road mishap. Moreover, insurers also offer many add-ons to supplement your policy to make it more valuable to you.

Below are some of the add-ons that you can buy along with your two-wheeler insurance policy:

Third Party Property Damage

During an accident, if you are at fault, the costs of repairing damages or replacement of a third party’s property can be significant. Moreover, the costs can rise exponentially if the property is new and expensive.

A third-party property damage add-on provides coverage for such accidental losses or damages caused to someone else’s property or vehicle during the accident.

Additional Personal Accident Cover

While your insurance policy might provide you personal accident cover, having this add-on will help you add an extra layer of protection. Many times, accidents can lead to temporary disability which can cause a halt in your income.

A personal accident cover acts as a replacement income, allowing you to take care of your day-to-day expenses without opting for a loan.

Personal Accident Cover for Pillion

Road accidents involving bikes can be fatal to both rider and the pillion. While a standard policy covers the medical treatment costs of the rider, there is no coverage provided for the pillion rider.

However, when you purchase this rider, the insurer provides compensation for the pillion rider as well. It covers the cost of medical treatment and provides benefit in case of death or disability of the pillion.

Emergency Medical Expenses

Amongst all other requirements and assistance, the medical help is of utmost importance at the time of an accident. In most accidents, the medical expenses are usually high and can leave a big dent in your savings.

However, this add-on cover helps to cover the costs of medical expenses incurred during the accident.

Zero Depreciation Cover

As the age of your two-wheeler increases, it’s market value decreases. This reduction in value is known as depreciation. Normally, under the basic bike insurance policy, the insurer provides you coverage after deducting the value of depreciation.

However, when you opt for a zero-depreciation cover, the insurer does consider the depreciation value on bike or scooter parts while settling the claim. Thus, it ensures a better claim price for the incurred damage and helps you save money.

Don’t Just Buy an Insurance Policy, Buy A Comprehensive Protection!

Add-ons in a two-wheeler insurance policy prove extremely beneficial, especially if you are looking for financial support for different situations. For this purpose, reputable insurers such as tataaig.com offer comprehensive insurance cover for your bike, along with various add-ons such as:

• Emergency medical expenses
• Consumable cover
• Personal accident cover for both rider and pillion

By purchasing these add-ons with the insurance policy for bike, you can ensure the security of your vehicle and your finances in case of an accident.