Planning To Buy A Sports Bike This Year? Take Note Of These Insurance Buying Tips

What does it come to mind when you hear the words ‘sports bike’ or ‘superbike’? Loud revving engines, bulky and aerodynamic design, aggressive seating posture, and the list goes on. But with increased power comes increased responsibility. Unlike your typical street bike, a sports bike is not everyone’s cup of tea. This makes it more necessary to have a safety buffer in the form of a two wheeler insurance cover.

Let us look at some essential buying tips that will help you simplify your buying process.

#1 Customised insurance covers

It is advisable you purchase a policy that is customisable as per your requirements. When purchasing an insurance cover for your sports bike, double-check whether the required coverage is offered by your insurance company. Some insurance companies have policies that are customisable on a case to case basis and also depending on the model and make of your bike. Ensure you read the fine print and familiarise yourself with the policy terms. This will help you make legitimate claims with your claim not getting rejected.

#2 Feasible deductibles

A deductible is that portion which you, the policyholder, have to pay from your own pocket. Opting for a higher deductible helps you keep your premiums in check. A policy with lower coverage will not be of significant benefit when the time comes. Thus, opt for a significant amount of insurance cover while balancing the premium. To compare the available plans, you can make use of a two wheeler insurance premium calculator. This tool will help you calculate the premium for your plan including the deductibles.

#3 Privilege discounts

Most people are not aware of the various discounts that are available when buying an insurance cover. These discounts are generally offered for specified plans only if certain conditions are met. This makes it critical to read the fine print before purchasing one.

#4 Zero depreciation cover

Having an expensive bike makes it essential to have adequate insurance coverage. This can be achieved using a comprehensive bike insurance plan along with add-on covers. One such popular and a must-have add-on is the zero depreciation cover. Known by various tags like nil depreciation or bumper to bumper cover, it is popular insurance coverage among the sports bike owners. The expensive cost of repairs makes it an insurance cover that you should not miss.

#5 Pillion rider cover

As important as an insurance policy is to protect the owner/rider in the event of an accident, it is equally important to ensure the safety of the pillion too. A standard comprehensive policy doesn’t cover any injuries to the pillion rider. Using a pillion rider add-on cover will help you insure against any injuries. Pre-defined allowance is set for payout in case of disability of the pillion during an accident.

These are a few tips that you should keep in mind when buying an insurance cover for your sports bike. Make sure you do not purchase a policy solely based on two wheeler insurance price and compare other features as well. Insurance is the first step in ensuring the safety of you and your loved ones while not entering in financial stress. Thus invest in a favourable insurance cover and enjoy the thrills of your sports bike.