Sport bikes are increasingly finding ownership amongst those who have a passion for adventure and want to enjoy the outdoors. Most people who are proud owners of sports bikes are continually obsessing over performances and constantly debating over speed, engines, etc. with their contemporary bike enthusiasts.
Amongst these discussions, an important aspect of sports bike ownership is also having the right two-wheeler insurance for it.
The category of sports bike generally covers all types of sports bikes and superbikes. These are premium, high end machines and require high maintenance on a regular basis.
Buying an insurance policy for a sports bike or a superbike is must under the Motor Vehicles Act 1988. The insurance plan purchased should have the bandwidth to cover all untoward incidents and accidents. It should also aim to offer cover for the family along with providing personal coverage as well. Any run of the mill two wheeler insurance may not be sufficient to provide adequate cover for motorcycles in this segment. In this category, the higher the premium, the better for the bike and the owner.
There are many insurance companies that you – can choose from online. All prospective plans can be compared online so that you can select the best insurance plan for the bike.
Here is what you should keep in mind when purchasing your insurance policy for your sports bike.
Start with some good old research:
Before purchasing any plan, it is best to research what sports bike insurance plans are available currently in the market. Go through each applicable policy and run a comparison. Shortlist the ones you like and check if each of them meets your expectations and requirements.
Go through the fine print:
Some insurance companies allow for plans to be more customized according to the needs of your sports bike. However, you still need to check if you are getting sufficient coverage that is on par with your bike mode. Generally, these plans are available on a special case to case basis which covers the model and make of the motorcycle. The fine print should include details such as mileage ranges and liability protections. Hence, remember to go through them meticulously.
Having a Feasible Deductible:
If you a higher deductible, your premium is sure to be discounted. By planning the coverage smartly, you can keep the premium on the insurance plan on the lower end. It is wise not to go for a plan with a low premium as it can lead to a situation wherein you may have your claim rejected. This can be done on the grounds of Nil Coverage for any particular situation.
Add on like Zero Depreciation:
One of the critical factors to remember is to get a Zero-Depreciation Add-on cover. It is a handy tool to have as an add-on because it covers bumper to bumper and nil depreciation. Along with this, get a medical cover as well, which offers cash benefits and hospitalization.
Have A Cover For Pillion Rider:
In case of unexpected incidents, a cover for the pillion rider, if you carry one regularly, is a good add-on to have with your insurance policy. It also covers the medical charges if the pillion rider. A pre-decided allowance could be selected which would be given to the pillion rider as the claim amount generally if there was disability as a result of the accident.
One must have the know-how of getting the best insurance cover for the bike. Remember, the crucial bits about purchasing an insurance policy such as necessary add-ons, NCB (no claim bonus) which is a huge benefit for owners.