Why Should You Consider Purchasing a Two-Wheeler Own Damage Insurance Before a Road Trip?

Why Should You Consider Purchasing a Two-Wheeler Own Damage Insurance Before a Road Trip?

Planning a motorcycle road trip with friends? Read this post to know why you should consider purchasing own damage bike insurance.

Long-distance motorcycle road trips to places like Leh, Ladakh, Manali, and Jammu and Kashmir are gaining widespread popularity among the Indian youth. Enjoying the scenic beauty of these places on a two-wheeler with your partner and friends can be an experience of a lifetime.

But at the same time, you should also be prepared to tackle the risks that might arise during such adventures. For instance, if you are planning one such motorcycle road trip, then two-wheeler own damage insurance can provide enhanced protection. Let’s take a look at what these insurance policies are and how they can help-

What is Two-Wheeler Own Damage Insurance?

Third-party bike insurance is mandatory by law. It offers protection against third-party’s liabilities, like injury, disability, death, vehicle damage, and property damage in case of an accident. However, it does not cover damages incurred by the insured vehicle. This is where own-damage bike insurance can help.

When you’re out on a road trip, the chances of bike damage due to accidents, riots, natural disasters, and even theft are significantly higher. With an own damage or OD bike insurance, you’ll have financial protection for your own damages. In case the insured bike is involved in an accident, the insurer will compensate for the damages and part replacements up to the coverage limit.

What is Covered Under Own Damage Bike Insurance?

Here’s the general coverage you can get with OD bike insurance-

  • Accidental damages
  • Damages due to natural disasters, like floods, landslides, earthquakes, cyclones, etc.
  • Man-made damages
  • Theft, burglary, housebreaking
  • Explosion, fire, lightning, self-ignition

When comparing own damage bike insurance online, ensure that you check the policy wordings for the inclusions and exclusions of the policy, as they can vary between insurers. Follow the same practice if you want to switch to a different insurer for two-wheeler insurance renewal online or offline.

What are Own Damage Bike Insurance Add-Ons?

Add-ons help increase the coverage scope of your insurance policy. So, you can get added protection by paying a slightly higher premium. Some of the most popular own-damage bike insurance add-ons are-

  • Zero-dep- The insurer will not deduct depreciation as applicable to a basic own damage insurance policy while compensating for part replacements.
  • Return to Invoice- Generally available for motorcycles up to 3 years old, it requires the insurer to pay compensation equal to the bike’s invoice value in case of total loss or theft.
  • Pillion Cover- The add-on offers coverage for the pillion rider in case of injuries, disability, or death arising from a road accident involving the insured bike.
  • Consumable Cover- The add-on offers coverage for consumables, like fuel filters, AC refrigerant, engine oil, etc., if required for repairing the insured bike after an accident.
  • Emergency Medical Expenses Cover- It offers coverage for medical expenses if the rider or other vehicle occupant requires medical care after an accident.

How to Purchase Own Damage Bike Insurance?

You can purchase a standalone own damage bike insurance online or offline. For online purchase, visit the insurer’s website and provide basic details before paying the applicable premium. You can visit the insurer’s nearest branch office to purchase the policy offline.

Note that the policy will only be valid for a specific duration, like 1-year, 2-years, etc. You’ll only be protected under the policy’s coverage as long as the insurance is valid. If you want continued protection, then complete own damage bike insurance renewal online or offline before policy expiry.

Enjoy Enhanced Safety on Road Trips with Own Damage Bike Insurance

As can be seen above, own damage bike insurance can prove highly beneficial for motorcycle owners, especially if you love going on road trips. It is an excellent way to protect your finances and enjoy road trips to the fullest.

 After purchasing insurance, ensure that you also complete bike insurance renewal onlineor offline at regular intervals to remain protected at all times.

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