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Whether you like to leisurely drive through paths surrounded by luscious greenery or simply need to slip through heavy traffic to reach your office sooner, a two-wheeler is the only vehicle that can be your best pick in both scenarios. Two-wheelers are among the most opted for modes of transport in India because of their affordability and convenience. However, there has been an exponential hike in the number of vehicles driven on the road. With such an increase, the probability of mishaps on busy roads increases as well. Therefore, you must ensure your vehicle is protected from unfortunate events by getting two-wheeler insurance.

A comprehensive bike insurance policy will provide you with adequate coverage to handle difficult events and damages. However, it won't provide you with exhaustive coverage for specific situations, leading to a financial burden if certain parts of your bike, like the engine, are damaged. Or if you are stuck in the middle of nowhere and need quick roadside assistance. This is where add-ons for your insurance policy come become handy.

What are bike insurance add-ons?

Bike insurance add-ons constitute additional coverage that can be bought with a comprehensive bike insurance policy. These add-ons increase or enhance the coverage and help the policyholder get the required claim amount without them having to spend out of their own pockets.

Including add-ons to a plan will lead to an increase in the premium amount on the policy, and the increase in the premium will depend on the add-on you choose. But if chosen carefully, you will be able to save yourself from spending a hefty amount on the damages.

Leading insurers like Tata AIG offer a host of attractive add-ons with your bike insurance policy. Here are some of the essential add-ons you could consider including in your policy.

Top 5 bike insurance add-ons to consider for your bike:

1. Roadside Assistance Cover

If your bike gets damaged due to an unforeseen event or faces a breakdown on the road, the Roadside Assistance Cover (RSA) add-on will help you get the assistance you need. It is an emergency support service provided by insurance companies for bike owners whose vehicles have malfunctioned on the road. Roadside Assistance for the bike will provide services like fuel delivery, towing facilities, taxi service, fixing flattened tyres, engine jumpstart, lost key replacement and many more. Including this add-on to your insurance plan can be quite advantageous if you travel frequently, especially through unknown terrains.

2. Zero Depreciation Cover

Insurance companies generally deduct the depreciation amount of a vehicle component’s price while settling a claim for repairs or replacement. This is because every bike, including every bike part, undergoes depreciation once it is in use.

So, when the claim is filed, the insurance company will deduct the standard depreciation charges and pay only the difference amount. This often leads to policyholders paying some amount from their own pockets.

However, with the Zero Depreciation in bike insurance, the insurance company pays for the depreciation expenses incurred by your two-wheeler. Zero Depreciation or NIL Depreciation ensures that the insurer does not account for the depreciated value, and you get a claim settlement of the actual price of the part/s.

3. Engine Protection Cover

Even though the engine is one of the most expensive parts of your bike, any damages to it will not be covered by your bike insurance policy. The Engine Protection add-on in your bike insurance policy will provide you with compensation for any damages incurred by the engine of your two-wheeler. Some of the instances covered under this add-on include:

- Damages incurred by the engine from water ingression.

- Damages incurred to engine parts due to lubricating oil leakage.

- Engine failure caused by trying to start a wet engine.

- Physical damage caused to gearbox or differential parts.

If you live in a flood-prone area or near streets that get water-logged easily, this add-on can be quite helpful. The Engine Protection add-on is also beneficial for you if you own a premium bike with an expensive engine.

4. Passenger Assistance Cover

The Passenger Assistance is an add-on specifically designed to cover the pillion rider in the event of any injuries or death caused due to an unforeseen event. The Passenger Assistance add-on offers insurance coverage for the pillion rider's accidental death, partial disability or permanent disability. If you regularly ride your two-wheeler with someone sitting behind you, getting this add-on can be quite beneficial for you in the long run.

5. Return to Invoice Cover

If your two-wheeler gets completely damaged, a comprehensive insurance policy will provide you with your bike's IDV (Insured Declared Value), which may be affected due to depreciation. Thus, if you file a claim after a few years of bike purchase, you will receive the depreciated amount.

With the Return to Invoice add-on, the gap between the IDV and your bike's invoice value with the registration and other taxes are covered. This add-on is applicable when your bike undergoes total loss, i.e., is damaged beyond repair or is stolen. Therefore, the Return to Invoice add-on will help you bridge the gap between your bike's on-road price and the IDV you declared during policy purchase (which is subject to depreciation).

When you include add-ons to your insurance policy, you are enhancing the coverage from your two-wheeler insurance plan. While choosing too many unnecessary add-ons for your policy can become an expensive affair, the right mix of add-ons can save you from overspending on the damages.

Disclaimer: This is a company press release. No HT journalist is involved in the creation of this content.

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