Having a two-wheeler is a matter of pride and also a necessity. Bikes provide mobility and functionality, and also make for a fun-filled ride when you are out and about. So it is imperative to secure and safeguard your precious vehicle that gives so much service to you.
However, there are certain myths around bike insurance which a lot of us believe in. Here are the top 5 bike insurance myths, busted –
Myth 1 – Bike insurance is unnecessary and costly
You might think that you don’t need any bike insurance, but that can’t be further from the truth. It is very much a crucial aspect of owning a two-wheeler, just like wearing a helmet and gloves to protect yourself. Accidents can happen anytime, and it is always a wise idea to get your vehicle insured, even if you ride your bike most carefully. As for the cost, there are quite a few affordable bike insurance policies available out there. You can always compare the bike insurance premiums depending on your bike model, make, year, and so on.
Myth 2 – Nothing can happen to my bike
No matter how tough your bike is and how safely you ride it, there is always a possibility of dangers. Life is unpredictable and accidents do happen. Your vehicle might also go through other factors that aren’t in your control- floods, earthquakes, fire, and more. So here is where bike insurance can help you very much and safeguard your vehicle no matter what.
Myth 3 – One only needs bike insurance for accidents
It’s easy to think that if bike insurance is only to safeguard against some one-off accident situation which may or may not happen, then what is even the point of it? But that is a myth. Bike insurance isn’t just for accidents; it also has various add-on benefits such as roadside assistance cover, minor repairs, assistance for lost keys and duplicate keys, battery jump starts, tyre changes, and so much more. There is also a zero depreciation add-on, which allows you to claim the whole value of your bike when you first purchased it. So it is a good idea to have bike insurance even if no accident occurs.
Myth 4 – Availing bike insurance is tedious and time-consuming
This is another myth that needs to be busted. Somehow, motor vehicle insurance is assumed to be a very time-consuming, tiring process. But in this digital age, availing bike insurance is super quick and straightforward. All the procedure happens online in just a few minutes, in a hassle-free manner- whether you are buying two-wheeler insurance, third-party or comprehensive cover for your vehicle. Even the two wheeler insurance renewal process can be done online, in just a few clicks.
Myth 5 – One only needs third-party insurance cover
That’s wrong. While third party insurance cover is very important for your vehicle, it is not enough. It is highly advisable to have comprehensive insurance cover as well. This is because while the two wheeler insurance third party policy will cover you for medical costs and damages caused in an accident to the third party, it does not cover your own costs. Moreover, a comprehensive cover also protects you from non-accidental situations such as theft, breakdowns, depreciation, and more.
So now that we have broken down the popular myths about, go ahead and avail your two-wheeler insurance, today!