HDFC ERGO TWO WHEELER INSURANCE ADDONS

Add-on covers are a great way to enhance the coverage of your insurance policy. Based on your vehicle type, every add-on policy has the potential to save you a significant amount of money in the event of a claim, which you would otherwise have had to pay out of pocket. Buy these addons with your HDFC ERGO bike insurance

• Zero Depreciation

Depreciation refers to the wear and tear on your vehicle over time, and it lowers the worth of the vehicle. However, if you get a zero depreciation bike insurance add-on, for your vehicle the insurer will not deduct the cost of depreciation and you will receive full repair coverage.

• Emergency Assistance Cover

This optional coverage provides assistance in the event of a mechanical or technical breakdown, as well as a traffic accident. Its goal is to provide 24-hour road assistance for a pleasant driving experience. It also offers a variety of services like tyre replacement, towing to a nearby garage, emergency fuel delivery, housing in the event of a breakdown, alternate travel arrangements, minor repairs on the spot, and so on.

• Return to Invoice Cover

In most cases, you only obtain the Insured Declared Value if your bike is stolen or lost. The IDV and ex-showroom price, on the other hand, are vastly different. You can get the above-mentioned differential amount if you use HDFC ERGO's Return to invoice add-on. This add-on lowers your costs and allows you to acquire a new bike with ease.

• No Claim Bonus Protection

You earn a reduction in the form of a No Claim Bonus on every claim-free renewal, nonetheless, accidents happen, and we understand that. In light of this, HDFC ERGO offers an add-ons insurance called No Claim Bonus Protection, which guarantees that in the event of an accident, your No Claim Bonus discount would be preserved for the next renewal of your policy.

• Cash Allowance

With this addon, the policyholder can avail daily allowance from the insurer in case the insured bike is lost, stolen, or is out for repairs. This allowance is paid for a maximum of ten days and in case of partial loss only.

• Accessories Cover

Bike accessories are often pricey. However, bike enthusiasts often add these accessories to their bikes to improve the bike's appearance or performance. If you are one, this cover is for you.      

• Geographical Extension Coverage

Every insurance policy has a geographical restriction on the territory in which the insured is compensated in case of a repair or loss.  However, if you purchase the geographical extension add-on, you can expand the geographical region in which your bike is covered.

• Voluntary Deductible

A voluntary deductible is an amount that the policyholder agrees to pay from the claim amount. It is applicable over and above the compulsory. If you want to reduce your premium and don’t mind chipping in a part of the claim amount, you must consider adding this cover to your bike insurance policy.

Frequently Asked Questions

• The two-wheeler insurance add-ons are paid or unpaid?

Add-ons to your bike insurance are not free. They can be purchased for a little fee as part of a policyholder's bike insurance policy. Different add-on covers are available at different rates. You can check the cost of addons and effective total premium in a few clicks here.

• Is it possible to purchase an add-on cover for my third-party bike insurance policy?

No, you can't buy bike insurance add-ons with third-party coverage. Only comprehensive and standalone own-damage bike insurance plans are eligible for add-ons.

• Can I purchase an add-on without purchasing a bike insurance policy?

No, an add-on cannot be purchased without purchasing a bike insurance policy.

• When can I buy bike insurance add-on covers from HDFC ERGO General Insurance Company?

You can buy HDFC ERGO bike insurance add-ons when purchasing the insurance cover or when renewing your bike’s insurance policy.