Bought a Theft Insurance for Your Home? Don’t Forget to Insure Your Bike Too!
Bikes are an easy way to get to places and you are less likely to get stuck in traffic for hours if travelling through an area prone to traffic jams. Unlike cars, a two-wheeler does not take up much space, so it is very easy to navigate the bike in traffic. The number of two-wheelers on the roads is also increasing rapidly and this also includes expensive two-wheelers like superbikes as well.
Accidents, thefts and damage are also on the rise with increasing traffic on the roads. When it comes to superbikes and other expensive two-wheeler, both theft and accident are very expensive, and it is difficult to spot stolen bikes because they are quickly disassembled, and their parts sell like hot cakes in a matter of hours. There is a widely spread market going on specifically for this.
Incidents like this are happening everywhere and you need a lot of insurance coverage to cover the expenses so that the expenses do not fall big in your pocket. Compare and buy bike insurance online using premium calculator to get deals with affordable premiums.
Why you need theft coverage
When there are multiple ways that someone can break into a locked house or office and steal valuable items, how easy would you think it would be for someone to steal a bike that is parked outside the house? There can only be two reasons when you do not spot your bike where you have parked. The first could be that the traffic authorities have towed to due to it being parked in the wrong spot or not following any other parking guideline. The second is that your bike has been stolen. The second situation is something that can be financially and mentally stressful. Moreover, the chances of recovery for a stolen bike is much lower than a stolen car. This is because it’s easy to just remove bike parts and sell them easily within a day or two.
Theft coverage in bike insurance
A comprehensive bike insurance policy can help with your bike theft. It can compensate you for the financial loss of the vehicle. Hence, if you do not have comprehensive two-wheeler insurance, you are risking yourself against a huge loss.
Parking space shortage is quickly becoming a challenge in India. Being a congested country, people often have to park their vehicles next to the roads. Unfortunately, this makes it easier for thieves to steal bikes. Even though it is difficult to not imagine all the scenarios that your bike might get stolen, there is not much you can do to avoid it from happening. Instead, you can make sure that if you lose your bike, it does not have a heavy financial impact on you. You can do so by buying a comprehensive bike insurance policy. While a third-party cover has affordable bike insurance price, it offers limited coverage and thus must opt for a comprehensive coverage. * Standard T&C Apply
When you do set out to buy a policy, you should check the list of features that your policy offers. Even if your policy is a comprehensive one, it is always a good idea to check the list of coverages that are offered before purchasing the policy. Moreover, the different factors that impact your premium are critical to understand and determine the insurance cover. In this process, a two wheeler insurance premium calculator can come handy. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.