Add-On Covers in Two Wheeler Insurance
Different Types of Add-On Covers in Two Wheeler Insurance
Most of us our more than happy with the ‘Comprehensive Two Wheeler Insurance' for our beloved two-wheeler, for we believe that it covers all our insurance needs. Or does it?
Well, let’s put it this way. You order for your favourite Pizza, that tastes good anyway. But wouldn’t it taste better if you add on some extra toppings of our choice, maybe a few more olives or pickled peppers, or perhaps a couple of drops of some Tabasco sauce. Now, your mouth is really watering, isn’t it!😊
It’s the same when it comes to your two-wheeler comprehensive insurance. Insurance companies offer you an array of add-ons that you can pick and choose to make your comprehensive insurance cover, well, more comprehensive!
So, here are the add-on covers that we suggest you take when it comes to your two-wheeler insurance policy. Do note though, that these add-ons come at a negligible premium over and above your basic insurance policy. But don’t worry, it’s not going to burn a hole in your pocket and besides, it’s worth every penny!
Check: Use Two Wheeler Insurance Premium Calculator to calculate the bike insurance premium with add-ons.
What is Add-On Cover in Bike Insurance?
Add-ons in two-wheeler insurance means the additional protection that you can get with your bike insurance policy. These are extra covers offered by the insurance company, available at an additional premium, that provide coverage for a specific purpose which is not included in the standard policy plan.
For example, an engine protection cover safeguards your bike’s engine against damage caused due to water ingress or oil leakage; or roadside assistance cover helps in case your bike breakdowns in the middle of the road.
By opting for these bike insurance add-ons, you can tailor your insurance coverage and enhance it as per your needs!
Also, you can use Two Wheeler Insurance Premium Calculator to calculate the bike insurance premium with add-ons.
Bike Insurance Add-On Covers Available with Digit Insurance
Here are different types of Two wheeler insurance add-ons offered by Digit, which you can buy with comprehensive or own damage insurance policy.
Zero Depreciation Cover
Think of it like an effective anti-ageing cream for your bike and its parts. Usually, the required depreciation amount is always taken in account during claims. However, a zero-depreciation cover ensures no depreciation is taken into consideration, so you get the full value of the cost of repair/replacement during claims.
Return to Invoice Cover
If you fall into a situation where your bike is stolen or damages beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike- including the road tax and registration fees for the same
Engine & Gear-box Protection Cover
Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard two-wheeler insurance policy, only damages caused during the accident are covered. However, with the engine and gear-box protection add-on cover, you can specifically cover the life of your vehicle (the engine and gearbox!) for any consequential damages caused post the accident. This could happen due to water regression, leakage of lubricating oil, and undercarriage damages.
Consumable Cover
The add-on of consumable cover adds an additional shield to your two-wheeler. Covers the cost for all your bike’s nitty-gritties such as the engine oils, screws, nuts and bolts, grease, etc. in the event of an accident.
Breakdown Assistance
The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.
Tyre Protect
The tyre protect add-on cover is offered only to vehicles fitted with run flat technology. As part of it, the cost of replacing damaged tyres with equivalent or near equivalent to the one being used in the vehicle, labour and wheel balancing charges can be reimbursed. However, claims made under the add-on cover is subject to conditions set forth under the vehicle insurance policy.
Daily Conveyance Benefit
The add-on cover of daily conveyance benefit will ensure that you are compensated for your transportation cost during the period when two-wheeler is under repair subject to applicable time excess. A policyholder can be compensated in the form of fixed allowance per day or coupons from taxi operators from an amount equal to per day fixed allowance.
EV Shield Add-on Cover
This EV Shield add-on cover for electric two wheeler in India will protect you and your vehicle against any loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and offer roadside assistance services specific to EVs.
Benefits of Bike Insurance Add-on Covers
Which Bike Insurance Add-on is the Best for You?
Each two-wheeler owner has a different riding style or requirement, so, how do you know which is the most suitable bike insurance add-on for you?
The New Bike Rider
If you have just learnt how to ride a two-wheeler, the chances of dropping your two-wheeler are high due to your limited riding experience.
So, you can opt for the Roadside Assistance add-on, as it will help you in case you get into an accident and your bike breaks down.
You can also get the Return to Invoice Cover, which will compensate you for the amount mentioned on the invoice in case your two-wheeler is damaged beyond repair.
The New/Luxury Bike Owner
If you have just bought a new bike or own a luxury bike, your responsibility has increased. So, the first thing to do is secure your top-end bike from theft or total loss by getting a Return to Invoice Cover.
Also, go for Zero Depreciation Cover to get the maximum claim amount as it won’t consider the depreciation on your bike’s expensive parts.
You also avoid unnecessary repair expenses by getting an Engine Protection Cover and Consumables add-on to cover the replacements cost of lubricants, oils, nuts, bolts, screws, washers, grease, etc.
The Road Tripper
If you love long bike road trips, often choosing the road less taken, then Roadside Assistance add-on is your best friend; it has got your back in any unfortunate breakdown situation.
Another add-on you can opt for is the Key Protect Cover as it has got you covered in case you lose your bike key while on a motorcycle tour.
Since long trips increase the chance of damage to your tyres, you can also get Tyre protect add-on cover that will reimburse the cost incurred for replacing the damaged tyre with a new equivalent.
At the end of the day, with add-on covers you can ride on with complete peace of mind. For you are not just secure. You are super-secure 😊!
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