There are a few experiences that one simply cannot put in words. They must be experienced. Taking your bike out for a road-trip definitely makes it to the list. Putting your safety gear on and munching miles is an experience in itself. And the thrill and excitement multiplies several folds if you have a convoy of bikes along with you.
If you are a road-trip enthusiast, the chances are high that you would be hitting the highway more often than not. You would be exploring new roads, new terrains, twisty roads up and down a hill, and so on. Amidst all this excitement, there is one small yet significant thing that you should not forget, insuring your bike.
Reasons to Insure Your Bike
For the tripping enthusiast in you, insuring the bike is way more important than anyone else. And here are some of the major reasons to do the same.
Opt for the Protective Shield:
While on the road, there are two major things that will keep you safe and secure. Your safety gear plays the primary role and your two-wheeler insurance plays the secondary role. In the event of any glitches during your journey, you can reach out to any of the network garages associated with your insurer.
Be Informed about the Personal Accident Coverage for your Bike:
You get access to a personal accident cover of Rs. 15 lakhs when you buy two-wheeler insurance. Should anything unexpected (accident leading to disability/death) take place during the journey, the policy will provide financial support.
Choose Appropriate Add-Ons:
For example, if you are a bike enthusiast, the probability is high that you would have added a few accessories to your bike to make your trips a tad smoother. For all the electrical and non-electrical accessories, you can opt for an Accessories cover add-on covers. In the event of any unforeseen incident, the policy will take care of the accessories. Zero Depreciation, Roadside Assistance cover, etc. are some of the popular Add-ons.
Check other Benefits:
If you complete a year of a policy without making any claims, you can benefit from No Claim Bonus. The discount is applicable on the own damage component and starts with a minimum of 20%. It is cumulative in nature and goes all the way up to 50% or five consecutive years.
Opt for Hassle-Free Renewals:
Bike insurance renewal can be a concern for people who do not have an existing policy. However, for the ones who do already have a policy, you can opt for a short term or long-term bike insurance renewal. Quite a few insurers are now offering long term policies, where you can opt for a 3-year policy. Ensuring that you are not bothered with policy renewals for three consecutive years. And a single certificate would be valid for three years, making it that much more convenient.
Choose the Appropriate Type of Two-Wheeler Insurance Policy
When you are on the lookout for two wheeler insurance, there are two options to choose from. You can either opt for a third-party liability policy or a comprehensive plan. The former is a regulatory need and offers minimal coverage. It would come in handy if a policyholder were to meet with an accident that involves other properties or individuals. However, this doesn’t cover your vehicle for damages. Thus, it makes more sense to buy two-wheeler insurance policy in a comprehensive manner which covers own vehicle damages as well!
A comprehensive plan is a more complete package. It comprises of the third-party liability policy and adds own damage component. Meaning, that you can claim for damages to your bike as well. This makes for a more compelling buy for the road-tripping enthusiast.