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Buy Comprehensive Bike Insurance Policy Online
We know you love your bike and probably only bought it after quite a lot of thought, research, planning, budgeting, enquiries, and suggestions. You now have the bike of your dreams; don’t you want to safeguard both your bike and your pocket?
Get your bike insured and enjoy those thrilling road trips. We’ll guide you through everything you need to know about the right bike insurance and the required add-ons that’ll protect you at its best.
What is Comprehensive Bike Insurance?
A comprehensive bike insurance policy will provide you with extensive coverage for all kinds of unforeseen events so that you can have a completely hassle-free drive. It is a combination of third-party liability insurance and own-damage cover.
Importance of IDV when choosing the bike insurance policy
IDV is Insured Declared Value, it is the maximum amount your insurer will give you, in case your bike is stolen or damaged beyond repair. We know low premiums are luring but it will not give you maximum financial benefit.
Always check the IDV you are being offered and not just the premium. We suggest you choose higher IDV, you know why? In the case of the total loss of your bike, a higher IDV leads to higher reimbursements.
We let you customise your IDV as per your choice because we want you to make the right decision without any compromise.
Check: Use Bike Insurance Premium Calculator to calculate the premium amount for third party or comprehensive policy along with the bike insurance add-ons.
Difference between Comprehensive and Third-Party Bike Insurance
| Comprehensive Bike Insurance | Third-Party Bike Insurance |
|---|---|
| Comprehensive bike insurance policy is a combination of Third-party liability insurance and own-damage cover. | Third party bike insurance is a basic bike insurance plan that only covers for damages and losses your bike could cause to any third-party person, vehicle or property. |
| Your bike will be covered against theft, loss, and damage. It offers monetary support against all kinds of damages caused to your bike as well as another individual, vehicle or property. | A third-party liability bike insurance will protect you only against damage/loss towards the third-party. |
| With this policy you can opt for beneficial Add-ons. | This policy provides only Personal Accident Cover. |
| Recommended if you need complete coverage for your bike along with add-ons. | Recommended in case you rarely ride your bike or it’s too old already. |
| This policy offers extensive coverage. | This policy offers limited coverage. |
| The premium of a comprehensive bike insurance policy is higher than that of third-party insurance. | Third-party bike insurance policy is less expensive. |
Benefits of Comprehensive Bike Insurance
Why Choose Comprehensive Bike Insurance by Digit?
Add-on Covers with Comprehensive Bike Insurance
With time, the value of assets like your bike reduces. That’s why, whenever you make a claim, depreciation is charged for. However, through this add-on, i.e Zero Depreciation Cover you can avoid your bike’s depreciation and instead get complete costs (without the depreciation charge) during claims and repairs.
If you fall into a situation where your bike is stolen or damages beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike- including the road tax and registration fees for the same.
If an accident causes damage to an engine, it is covered under a standard package policy. But if it is consequential damage, it is not covered. Here, this add-on comes to your rescue, covering the repair charges.
The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.
In this add-on, the cost of replacement of parts like screws, engine oils, nuts & bolts, grease is covered in the standard package policy.
What's not covered in Comprehensive Bike Insurance?
What is not covered differs from one insurance company to another but to list some, we give you some conditions under which the damage to your bike will not be covered in your comprehensive insurance policy:
We suggest you go for a comprehensive bike insurance policy as opposed to third-party bike insurance. The former covers expenses of all damages suffered by the insured vehicle, its owner, and affected third-party, while the latter offers only minimal protection.
FAQs about Comprehensive Two Wheeler Insurance Policy
How is a comprehensive two wheeler insurance different from the zero-depreciation two wheeler insurance?
They're two completely different things! A comprehensive two wheeler insurance is a type of bike insurance policy, while the zero depreciation is an add-on you can opt for in your comprehensive two wheeler insurance policy.
Know more about Zero Depreciation Bike Insurance.
Is it a good idea to buy comprehensive bike insurance for an old Bike?
This depends on how old your bike is, and how often you use it and how much longer you plan to use it. If your bike is still under 10 years old and you do use it on a regular basis, getting a comprehensive bike insurance won’t even cost you much, and will ensure you don’t need to spend on it in the case of any unfortunate situations.
When to purchase a comprehensive bike insurance policy?
The ideal time to purchase a comprehensive bike insurance policy is when you’ve just got your bike. However, it’s never too late! If you currently only have a third-party policy you can upgrade with an Own Damage cover or, if your policy is due for renewal soon – just renew with a comprehensive bike insurance policy this time 😊