Choosing the right add-ons can significantly enhance your coverage when renewing your two-wheeler insurance renewal. It is essential to evaluate your needs and understand what add-ons entail to make an informed decision.
Understanding Add-On Covers for Two-wheeler Insurance
You can purchase add-ons or extra features to your standard two-wheeler bike insurance coverage. These are intended to increase the extent of your coverage and offer additional defence against specific hazards not covered by a regular policy. Depending on your riding habits and preferences, some add-ons may be optional, while others are necessary.
Common Two-Wheeler Insurance Add-Ons
Here are some of the most popular two-wheeler insurance add-on covers to consider during your renewal:
- Zero Depreciation Cover: When a claim is made, depreciation is typically deducted from the claim amount. With a zero-depreciation add-on, you ensure that the full amount is reimbursed without any deduction for depreciation on your bike’s parts.
- Engine and Gearbox Protection: This add-on cover protects against damages to the engine and gearbox, which are not typically covered under a standard policy. It’s beneficial if you frequently ride in challenging conditions like heavy rains or floods.
- Roadside Assistance Cover: This cover offers support if your bike breaks down or you are involved in an accident. The assistance could include services like towing, on-the-spot repairs, and refuelling, ensuring you are not stranded.
- Accident and Injury Cover: While basic bike insurance covers third-party liability, an accident and injury cover adds extra financial protection for the rider in case of an accident. It can cover medical expenses, disability benefits, or accidental death.
- Pillion Rider Cover: If you frequently travel with a pillion rider, this add-on can provide insurance coverage for them in case of an accident. This ensures that the rider and pillion are protected under the same policy.
- Consumables Cover: This add-on covers expenses incurred on consumables like nuts, bolts, engine oil, and lubricants, usually excluded in standard policies.
Factors to Consider Before Choosing Add-Ons
When opting for two-wheeler insurance add-on covers during your two-wheeler insurance renewal, consider the following factors:
- Your Riding Frequency: If you ride your bike often or for long trips, you might want to buy add-ons like roadside help or engine protection. Having these can help you feel safe on the road.
- Type of Bike: If you have a high-end or premium bike, it is a good idea to protect your investment with full-coverage add-ons like engine security or zero depreciation.
- Budget: Make sure that the add-ons are worth the money. Choose the best add-ons for your bike based on its needs and how you plan to use it.
- Insurance Provider: Ensure the insurance provider offers relevant add-ons that match your requirements. For instance, platforms like the ABCD app by Aditya Birla Capital can help you customise your policy with the right add-ons, ensuring optimal coverage.
Renewing your two-wheeler insurance has never been easier with theABCD app. The app allows you to compare various insurance plans, view available add-ons, and customise your two-wheeler bike insurance according to your needs. It also offers a seamless experience for managing policy renewals and making quick claims.