Add-on covers for two-wheeler insurance policies in India provide additional protection against unforeseen circumstances and help to enhance the scope of coverage offered by the basic policy. They are an economical way to get extra coverage and provide you with financial security against liabilities and other damages. Add-on covers are an ideal way to customise your two-wheeler insurance policy as per your requirements and to get the best value for money.
A two wheeler insurance policy is a must-have for any bike owner. In India, it is mandatory to have at least third-party liability coverage for your two-wheeler. Apart from the basic coverage, it is advisable to supplement your policy with add-ons to enhance the coverage and ensure greater protection.
What are Add Ons?
Add-ons are additional coverage benefits that can be added to your two-wheeler insurance policy. They are available at an extra cost and help customise the policy according to your needs. Common add-ons include zero depreciation coverage, personal accident coverage, roadside assistance coverage, engine protector coverage, etc.
Benefits of Buying a Two Wheeler Add On
- Increased Coverage
Adding an add-on to your two-wheeler insurance policy can help increase the coverage of your policy and provide you with enhanced protection. For instance, a personal accident cover add-on can provide financial protection to you and your family in case of accidental death or disability. You can also opt for a zero-depreciation policy to get compensation for the full value of your bike, even if it is more than 5 years old.
Add-ons are quite affordable and can be purchased without breaking the bank. The cost of the add-on is usually determined based on the type of add-on chosen and the sum insured. For instance, Acko bike insurance renewal offers several add-ons that are quite affordable and provide comprehensive coverage.
- Easy to Buy
It is easy to purchase add-ons for your two-wheeler insurance policy. You can buy them online or through your insurance provider. Acko offers an easy and quick online process to purchase add-ons and enhance the coverage of your policy.
- Personal Accident Cover
This add-on provides coverage in case of accidental death or disability of the policyholder. It offers financial protection to the insured and their family members in the event of an unfortunate accident while riding the two-wheeler.
- Zero Depreciation Cover
Depreciation is the reduction in the value of your vehicle over time. With a zero depreciation cover, the insurance company pays the full cost of replacing damaged parts without factoring in depreciation. This add-on is particularly beneficial for new or expensive two-wheelers, as it ensures higher claim payouts during repairs.
- Roadside Assistance
This add-on provides assistance in case of breakdowns or emergencies while on the road. Services such as on-site repairs, towing, fuel delivery, battery jump-start, and flat tire assistance are typically covered. Roadside assistance can be a valuable add-on, especially if you frequently travel long distances or in unfamiliar areas.
- Engine Protection Cover
This add-on covers damages to the engine and its components due to waterlogging, hydrostatic lock, oil leakage, or any other mechanical or electrical breakdown. It offers financial protection against repair costs that may arise due to such incidents, which are typically not covered under a standard insurance policy.
Add-ons are an excellent way to supplement your two-wheeler insurance policy and provide yourself with added protection. They are affordable, easy to buy, and can be customised according to your needs. Acko bike insurance renewal offers a wide range of add-ons that can help you enhance the coverage of your policy.
Add-on covers for two-wheeler insurance policies in India are an affordable and effective way to enhance the coverage of the policy to suit your needs. Additional coverage can provide financial security in the form of liability coverage, a personal accident benefit, and additional coverage for your vehicle. With add-ons, you can tailor your two-wheeler insurance policy to provide comprehensive cover against any eventuality.