Comprehensive two-wheeler insurance is a policy that includes coverage for the insured’s two- wheelers loss/damage as well as third-party liabilities. It is a two-wheeler insurance package that covers everything.
With the use of add-on covers like Zero Depreciation Cover, Roadside Assistance Cover, NCB Cover, Bi-fuel Kit Cover, and others, policyholders can customize and extend the coverage provided by comprehensive insurance.
Here are a few of the benefits offered by the comprehensive insurance coverage:
- Coverage of the vehicle in case of an accident
A comprehensive two-wheeler insurance coverage protects policyholders financially against costs spent due to wear and tear on their two-wheelers. The insurance company will reimburse the costs and restore the vehicle to its former functioning condition, whether the damages are caused due to an accident.
- Physical injury to the rider
If the rider is injured, they are offered up to Rs.1 lakh included in comprehensive two-wheeler insurance policies, ensuring that the policyholder is protected against injuries that result in entire or partial permanent or temporary incapacity, or even death.
- Medical coverage for the non-functioning limb
The majority of two-wheeler accidents result in limb injuries. In India, the cost of medication and hospitalization is extremely high. In terms of financial aid for limb surgery, the insurance plan provides relief.
- Financial help to the rider and third party
The comprehensive insurance plan covers any loss or damage to a third party person or property caused by an accident or mishap with the insured vehicle.
- Theft and vandalism coverage
If the insured motorcycle is stolen, the insured vehicle is covered.
- Natural disaster recovery
A comprehensive 2-wheeler insurance plan will cover any damage or loss to the insured bike caused by a natural calamity such as a storm, cyclone, landslides, hurricane, lightning, flooding, tempest, hailstorm, and so on.
- Importance of Buying Bike Insurance
It is critical to purchase a comprehensive two-wheeler insurance coverage to assure continuing protection of your bike/scooter from accidents and other threats. As a result, every two-wheeler owner in India is required by law to purchase insurance coverage that protects him and his vehicle for his safety.
Additional Benefits Offered By The Comprehensive Insurance Coverage
Another benefit of comprehensive insurance is that you can purchase a variety of add-ons along with the policy. The add-ons allow you to broaden the coverage of your insurance policy. For instance, many consumers view 24×7 roadside assistance as an add-on to their comprehensive policy.
If your vehicle breaks down in the middle of nowhere, you can get help 24 hours a day, seven days a week with this add-on. If you have this add-on, your insurer will try to assist you in a variety of ways, including arranging a mechanic, towing, a replacement vehicle, fuel delivery, and a hotel stay.
Some more common add-ons to think about are:
- Zero Depreciation
- Roadside Assistance
- Return to Invoice
- Engine Protection
- Passenger Cover
- NCB Protection