How Important Are Add-On Covers For Bike Insurance?


Per law, bike insurance is necessary, so you cannot refuse the policy. However, you can choose the type of plan and the extra coverage available under the plans.

The two main categories of bike insurance are: a third-party liability policy, which is mandatory as per law, and comprehensive coverage.. When we talk about extra coverage, we call them “add-on covers.” These might be the additional options that come with insurance plans.

Add-on covers add extra coverage to a two-wheeler insurance plan for a small fee. People may be wary of the idea of such add-on covers and tend to ignore them because they would require an additional premium.

Add-on covers:

Before we discuss their significance, let’s look at the add-on covers available for a two-wheeler insurance plan.

  1. Coverage for personal casualties: The personal casualty cover has been a popular and significant add-on cover. The cover typically comes in two different versions. The owner or driver of the bike uses one, and the pillion rider or passenger uses the other. 

Most all-inclusive plans include the first cover as standard, while the second cover may usually be on the list of surfaces you can add on.*

  1. Zero depreciation cover: When you file for a claim, the insurer only pays the depreciated value of the damaged parts, not the cost of replacing them. This add-on coverage ensures that depreciation is not taken into consideration of the claim amount. *
  2. Return to invoice: When your bike suffers a total loss, the Insured Declared Value of your vehicle pays off, which is the market value less than applicable depreciation. 

With this add-on, you can get the actual invoice price of your two-wheeler in the situations mentioned above*. This price usually includes the registration fees and road tax.

  1. Medical cover: Another commonly found add-on coverage facility that provides for the medical expenses incurred due to any casualty suffered by the insured vehicle. Some plans also include a daily cash allowance benefit, which pays a set amount per day of hospitalization due to the accident.
  2. Consumables: These include nuts and bolts, engine oil, lubricants, sealants, tyres, etc.: By adding this cover, the insurer would also meet the cost of these consumables*. You can understand the digits by searching for bike insurance prices online.
  3. Roadside assistance: This cover comes in handy when your two-wheeler breaks down, and you cannot tow it to the nearest garage. This feature ensures that your insurer must be available 24*7, seven days a week.

Some essential factors like Personal casualty and Zero Depreciation coverage would be relevant for a bike insurance claim. Where a casualty cover would provide an added benefit in case of unfortunate demise, the zero depreciation cover would ensure a higher claim amount.

The other three also help raise the number of claims received in your two-wheeler insurance policy. If the extra premium happens to be your concern, don’t fret! The corresponding cost of the covers may be meagre.

Choose a pocket friendly premium that gives full coverage. Consider buying the add-on covers because, though not legally compulsory, they could be necessary. Look for a two-wheeler insurance premium calculator online to find better savings in bike insurance prices as per personal usage of the vehicle.*

* Standard T&C Apply

‘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.‘