Everything You Should Know About Two-Wheeler Insurance Coverage

The majority of two-wheeler owners wish to keep their vehicles safe from harm. Accidents can happen at any time, so you never know when you might need to spend all of your funds on fixing your bike. Instead, spend your money on a quality bike insurance plan that will shield you from such debt and provide you peace of mind.

The two main types of bike insurance coverage you need to be aware of are as follows:

  • Liability for third parties

This coverage, which is required by law, provides a defence against all kinds of losses and injuries brought on by third parties during an accident. This kind of plan also covers extreme circumstances like the passing away of the third party, in addition to damages to the third party’s person or property.

  • A Comprehensive policy

A comprehensive policy is an option if you need broader coverage. As the name suggests, a comprehensive policy protects you from damages brought on by both man-made and natural disasters, in addition to third-party liabilities. This plan, in contrast to the third-party cover, is optional because it costs a little more. A two-wheeler insurance third-party liability policy for 5 years must be purchased if your car is brand new. If not, you can get a policy for one or three years. *

  • Add-ons

You have the choice to upgrade your bike insurance if you’ve chosen a comprehensive policy by purchasing add-on covers. Insurance firms have developed these extra features because your standard comprehensive plan still needs to cover items like depreciation. You may fully utilise your comprehensive two-wheeler insurance plan with the aid of these features. You must pay an additional cost on the basis of each extra cover you buy. *

The following are some of the add-ons you can choose from:

  • Depreciation Shield/Zero Depreciation

Your bike will receive complete coverage under this cover without taking depreciation into account. In the absence of this coverage, you will get the bike’s insured declared value (IDV) in the event of theft or total loss, or a portion of that amount, to support repair costs. *

  • Accident Defense

It is crucial to get this protection because it provides insurance for the pillion rider. So when you have to claim bike insurance, you can also avail claim for any damage or injury caused to your co-rider. 

  • Lock and Key Replacement

You are given a set sum of money or the costs associated with replacing the lost car key. If you have a propensity for losing your car keys, buy this cover. *

  • 24-hour roadside assistance

If your car breaks down, you can get help from your insurer whenever you need it.

  • Engine Safety

This add-on provides coverage for any engine damage brought on by leaks of oil, intrusion of water, etc. This cover is an absolute must if you live in a flood-prone area. *

  • Consumer Goods Cost

The typical comprehensive two-wheeler insurance coverage does not cover costs associated with replacing consumables, like oil, coolant, brake fluid, etc., during a post-accident repair. This specific addition makes sure that these costs are covered.

Always make sure to check the add-ons that your insurance provider offers. At the time of your bike insurance renewal, you can add any future add-ons you like. It becomes essential to carefully read your policy document before purchasing the coverage to comprehend the exclusions and inclusions. Knowing the exclusions in your insurance is crucial and valuable when making a claim. For instance, your claim will be denied if you cause an accident while driving under the influence of alcohol or drugs or without a valid driver’s licence.

Make a list of your needs and your budget before purchasing the policy. Before opting for a policy, compare many websites to get better concessions.

* 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.‘


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