When you are about to buy a new bike insurance policy, you have two types of policies to choose from – comprehensive policy and liability policy. Third-party plans provide only the mandatory third-party coverage and come cheap. Comprehensive bike insurance plans, on the other hand, give the mandatory third party liability coverage as well as coverage against damages which are suffered by the bike itself. Since comprehensive insurance plans have a wider scope of coverage, it is recommended that you buy a comprehensive policy when you buy new bike insurance.

 

Though comprehensive plans give good coverage, many of you might not be unaware of the exact coverage features which are offered by the plan. So, here are five important coverage benefits which you can find in comprehensive bike insurance plans –

 

1. Coverage against third party liability

The first coverage that a comprehensive plan offers is the mandatory third party liability cover. Under this cover, if you damage a property which belongs to someone else or if an individual is wounded or killed in an accident involving your bike, the consequent financial liability that you face is covered. Coverage against death and physical injury is limitless. The claim depends on the judgment passed by the motor accidents tribunal.

 

2. Damages suffered by the bike due to natural causes

If your bike suffers damages due to natural calamities or causes, the repair costs for such damages are covered by the policy. Examples of natural causes or calamities include earthquake, lightning, hurricanes, storms, flood, etc.

 

3. Damages suffered by the bike due to man-made causes

There might be man-made causes too which damage the bike. Damages due to such man-made causes are also covered under the plan. The repair costs incurred due to such damages are paid by the insurance company. Man-made causes which are covered under the comprehensive plan include fire, theft, self-explosion, burglary, damages faced when the bike is in transit by road, air, water, etc.

 

4. Personal accident cover

A personal accident cover is also allowed under comprehensive bike insurance policies. This cover pays a lump sum benefit in case of accidental death or accidental permanent disablement of the owner/driver of the bike. 100% of the sum insured of the personal accident cover is paid in case of accidental death. In case of accidental disablement, however, 25% to 100% of the sum insured is paid depending on the severity of the disability suffered. Moreover, personal accident cover is available as an inbuilt coverage only for the owner/driver of the bike. For the pillion rider, the coverage would have to be taken separately through an add-on.

 

5. Add-on covers

Comprehensive bike insurance plans also provide a host of add-on coverage benefits. These add-ons are optional and can be selected at your discretion. Each add-on cover comes with an additional premium which is added to the premium of the basic policy if you select the cover. Add-ons increase the scope of coverage of the policy and prove useful. Some popular add-ons which are available with comprehensive plans are as follows –

 

• Roadside assistance cover which provides 24×7 assistance if the bike breaks down in the middle of the road

 

• Zero depreciation cover under which the depreciation cost is ignored when paying a claim for repair costs of the bike

 

• NCB protect cover which protects the no claim bonus even after you make a claim

 

• Personal accident cover for the pillion rider which covers the pillion rider against accidental death and disability

 

These are the five main coverage features which are available in comprehensive bike insurance plans. To enjoy these coverage features you should buy a comprehensive policy. However, before buying the plan you should compare bike insurance to find the best policy. When you compare bike insurance you can find plans with the best coverage features wherein add-ons are offered as inbuilt benefits. Moreover, comparing also helps you save premium as you can compare and buy the best policy having the best coverage benefits at the lowest premium rates. So, for maximum coverage, buy comprehensive plans but do compare before buying.