Most parts of India are now well connected with roads with an extensive national and state highway network. Moreover, many scenic road routes are dotted across the country. So, travelling enthusiasts can explore numerous places in India while riding a bike. Unsurprisingly, the country has witnessed a rapid increase in bike enthusiasts who routinely go on long bike tours and share their journeys on various social media platforms.
If you also belong to the biker tribe, then you must be planning for your next trip already. In that case, you should consider purchasing own-damage insurance for your bike.
What is Own-Damage Insurance?
Own-damage two-wheeler insurance covers the damages caused to the insured vehicle when involved in an accident. It’s different from the mandatory third-party insurance that only covers the damages caused by the insured vehicle to a third-party vehicle, life, or property.
If you already have third-party insurance, consider purchasing a standalone own-damage insurance policy for your bike. However, a much easier alternative is to purchase comprehensive bike insurance that covers both own damage and third-party liabilities.
5 Reasons to Buy Own-Damage Bike Insurance Before a Road Trip
- Accident Cover
An own-damage two-wheeler insurance policy can financially cover bike parts’ repair and replacement costs if involved in an accident.
- Protection Against Natural Calamities
The own-damage bike insurance can financially protect you if your bike gets damaged due to a natural calamity, such as an earthquake, flood, storm, wildfire, landslide, etc.
- Artificial Calamities Protection
Own-damage insurance also provides financial protection to your bike against manmade damages like theft, burglaries, riots, vandalism, etc.
- Include Add-ons to Enhance Cover
You can increase the scope of own-damage bike insurance by including useful add-ons to it. You need to pay an extra amount on the base premium price to include these add-ons. However, these add-ons can be helpful in tough situations.
For instance, imagine a situation where your bike’s engine is damaged due to floodwater. You don’t need to worry if you have the Engine Protect add-on, which will incur the cost of engine repair. Similarly, different types of add-ons can make a rider’s journey hassle-free.
- Cashless Repair at Network Garages
Own-damage bike insurance can have the facility of cashless repair. In cashless repair, you don’t need to pay from your pocket to repair your bike at an insurer’s authorised garage.
The insurer will settle the claim directly with the garage after confirming the repair cost and other claim conditions. However, you still must bear some costs, such as consumables (unless you have opted for a consumables cover) and your voluntary deductibles.
Exploring new places while riding your bike can be an exhilarating and liberating experience. It’s also a great way to meet interesting and like-minded people. An adequate own-damage insurance policy can provide you peace of mind so that you may enjoy your journey to the fullest. So, take comprehensive insurance and ride safely to your next destination.