Opting for only a third-party two-wheeler insurance might appear cost-effective, but will it go a long way? It won’t. When buying insurance for your two-wheeler, always opt for comprehensive coverage to help you in the long run.
Additional covers or add-ons to supplement their basic two-wheeler coverage and make it more useful for the buyer. These add-ons can be easily availed at an additional premium, the cost of which depends on your basic coverage and the features you want.
Benefits of buying two wheeler add-ons
Here are some of the exciting benefits that two wheeler add-ons provide:
- Roadside assistance: Minor breakdowns while riding a two-wheeler can be irritating and sometimes leave you helpless. Most insurers offer a roadside assistance facility that will rescue you from minor breakdowns at the convenience of a call.
- Cashless garages: Most insurers have tie-ups with several garages across the country. You can always reach out to these network garages, and all your repair costs will be paid by the insurer.
- Spare parts replacement: Almost every time, it is you who have to pay for your two-wheeler’s aging or damaged spare parts after an accident. However, if you opt for this additional cover, your insurer will take care of these expenses.
- Accessories protection: If you like to add fancy electrical and non-electrical accessories to your two-wheeler, you'd better shield them with an additional cover. Any damage to these accessories will be taken care of by your insurer.
Add-ons that you can buy with your two wheeler insurance
Below are some of the add-ons that you can buy with your two wheeler insurance at a little extra premium:
- Pillion cover: A two-wheeler accident is equally fatal for both the rider and the pillion. Therefore, a pillion cover will provide accidental cover for the passenger against any unfortunate incident.
- Zero depreciation cover: Every time, it’s the two-wheeler owner who ends up paying for depreciation or replacement of spare parts. A zero depreciation bike insurance cover will cover the cost of spare parts, including rubber and plastic components of your two-wheeler after an accident.
- Medical cover: High medical expenses after an accident can easily drain all your resources. Therefore, you need a cover that takes care of all the costs of medical treatment after an accident.
- Accessories cover: The cost of such accessories can be very high, and any damage to them will badly affect you. An accessories cover protects your two wheeler from all sorts of such damages.
An accident is the worst unfortunate event to expect, yet there are several least expected events that can be equally resource-draining. Apart from the basic coverage, these add-ons protect you from all likely accidental expenses and are your keys to smoother and worry-free rides.
Which add-on cover is the best for you?
The best add-on cover for you can be selected based on your riding habits, the area where you live and the age of your bike.
- New bike owner? Go for zero depreciation cover and return to invoice.
- Live in flood-prone or high-risk areas? Add engine protection and roadside assistance.
- Frequent long rides? Consider roadside assistance and NCB protector.
- Looking for maximum savings in claims? Combine zero depreciation, engine protection and consumables cover for complete peace of mind.
Choosing the right add-on is about balancing cost with coverage. And when you purchase two wheeler insurance online, most platforms allow you to compare and customise these options easily.
Frequently Asked Questions
- Can I buy add-ons with third-party insurance?
No. Add-ons are only available with comprehensive policies. Third party insurance covers only damages to third parties and doesn’t allow custom add-ons.
- Are two-wheeler add-ons expensive?
The cost of each add-on varies, but they are usually affordable and cost-effective compared to the potential expenses you might face without them.
- Is zero depreciation cover useful for old bikes?
This add-on is most beneficial for new or nearly new bikes. For older bikes, the value may reduce due to depreciation, so assess its relevance before adding.
- Can I add these covers later after buying insurance?
Some insurers allow mid-term inclusion of add-ons, but it is best to include them while buying or renewing your two wheeler insurance online.
Conclusion
While basic third party insurance is mandatory, it does not provide complete protection. Add-ons bridge that gap by offering enhanced, tailored coverage to suit your lifestyle and riding habits. When buying two wheeler insurance online, it is worth exploring these add-ons and customising your policy accordingly.
Ultimately, add-ons are not just about spending more, they are about investing in peace of mind. Choose wisely, ride smart and ensure your policy works as hard as you do to protect your bike and your journey.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.