Why Should You Insure Your Bike?
Buying a bike is a big decision, but it is also a worthy investment as it is likely to help you save time and money with regards to your daily commute.
But, if you use your bike every single day and travel a significant distance, it is important to understand that your bike may suffer from damages.
It is possible that you get into an accident for no fault of your own. Bumpy roads and negligent drivers add to this risk. So, it is imperative that you pay attention to the aspects you have control over.
While you can’t determine how others on the road drive, what you can do is take a bike insurance policy. This will act as a shield and help you keep your bike in mint condition, by covering expenses in case your bike is in an accident.
Take a closer look at why having bike insurance is essential.
To take care of repair costs
Comprehensive bike insurance takes care of repair expenses for your bike in case of floods, storms, riots, terrorism, theft, accidents, fire, etc.
Before you take a bike insurance policy, be sure to study the policy document to understand what is covered and what isn’t.
While taking a third-party insurance policy helps you abide by the law, choosing comprehensive bike insurance will help you save money when it comes to getting repairs, especially if you own a high-end model.
Once you understand the benefits of having motor insurance, purchasing a policy is the easy part. Remember that is important to contact your insurer immediately after an accident to initiate the claim process.
Also, ensure that you have a valid license and that the policy is in your name to be able to make a claim.
To take care of expenses in case you cause an accident
When you opt for third-party insurance, in an event where you cause an accident, the property and life of the other party are covered.
The amount from this policy will help you take care of the repair costs of the other party’s vehicle, as well as any medical assistance that they need. This basic insurance policy is also easy to apply for.
Since your bike or your wellbeing isn’t being protected, you don’t have to submit extensive documentation.
To get complete protection
A comprehensive bike insurance policy can offer you complete protection when you are on the road. Apart from protecting you from manmade and natural disasters, it also offers superior benefits as long as you choose the right add-on covers.
You can choose these add-ons based on the extra coverage that you desire to make your motor insurance watertight. For example, you can choose the personal accident cover to protect you and your co-passenger, along with a medical cover.
Similarly, you can choose an add-on to insure your bike’s accessories, and pick roadside assistance cover to access help when your bike breaks down.
Most importantly, choosing a zero depreciation cover will ensure that you receive your claim amount in full, and not after the insurance company has deducted the depreciation of your bike. This add-on offers 100% coverage for all of your bike’s rubber, metal and fibre parts.
You can rely on buying bike or car insurance online to simplify the process. To get started, type ‘third party bike insurance online’ or ‘online bike insurance’ into a search engine and explore the many options that are available.
Buying insurance not only helps you fulfil legal requirements, but when you choose the right add-ons it also allows you to secure your health and your bike’s in the best way possible.
Share this:
Category: Insurance
