What are Add-on Covers in Bike Insurance ?
Add-on covers are additional insurance covers that you can opt for in addition to your standard bike insurance policy. These covers provide additional protection against specific risks that are not covered by your standard policy. The add-on covers are available at an extra premium cost, and you can opt for them based on your requirements.
Benefits of Add-on Covers in Bike Insurance
- Comprehensive Coverage: Add-on covers provide comprehensive coverage for your bike and offer protection against specific risks that are not covered by your standard policy.
- Customizable: Add-on covers are customizable, and you can choose the covers based on your requirements. For example, if you live in an area that is prone to floods, you can opt for the add-on cover that provides protection against flood damage.
- Cost-Effective: While add-on covers come at an extra premium cost, they are cost-effective in the long run as they provide complete protection against specific risks.
- Hassle-Free Claims: With add-on covers, the claim settlement process is hassle-free, and you can be assured of complete protection against specific risks.
- Peace of Mind: With add-on covers, you can enjoy peace of mind knowing that your bike is protected against specific risks that are not covered by your standard policy.
Popular Add-on Covers in Bike Insurance
- Zero Depreciation Cover: This add-on cover ensures that you receive the full value of the parts that need to be replaced, without considering depreciation.
- Roadside Assistance: This cover provides assistance in case of a breakdown or accident on the road.
- Personal Accident Cover: This add-on cover provides protection against accidental death or disability of the policyholder.
- Engine Protection Cover: This cover provides protection against engine damage due to waterlogging or oil leakage.
- Return to Invoice Cover: This cover ensures that you receive the full value of your bike in case of theft or total loss.
Conclusion
In conclusion, add-on covers are an essential component of bike insurance policies, as they provide additional protection against specific risks that are not covered by standard policies. The add-on covers are customizable, cost-effective, and offer peace of mind to bike owners. If you want complete protection for your bike, consider investing in add-on covers that are suitable for your requirements.