Starting at only ₹1.5 per Day*
![Two wheeler Insurance banner image](https://insurance-blog-cms.paytminsurance.co.in/2w_banner_image_aa2775d33b.png)
Starting at only ₹1.5 per Day*
Standard insurance policies do not cover the consumables present in the bike and these have to be separately insured through a consumable cover. Consumables can refer to the bolts, grease, nuts, screws, and other items used on a bike.
Take Amit’s example. He was taking his bike out of the parking lot in the mall when he realized that his brakes were malfunctioning and on a little investigation figured out that it was because the brake oils needed to be replaced. He rushed the bike to the service station but incurred some costs which he wished his bike insurance company would have paid.
But his basic bike insurance policy had no such provision and he spent the amount out of his savings for the month. To avoid being in this situation, consider purchasing a consumable cover for your two-wheeler!
Replacement cost of the following is included under this policy cover –
The following is not included in the cover –
It has been noticed that the persons who opt for this cover are mostly those who wish to reduce expenditure on small repairs and maintenance and those who wish not to worry about minor repairs and replacements of various parts of the bike. Also, people who own new or superbikes, someone who lives in an accident-prone area should opt for this cover.
The bike owner is to pay any extra amount of 10% as a premium to avail of this add-on. However, the amount varies from insurer to insurer and needs to be carefully perused while signing the policy papers.
The consumable cover benefits can be availed by the policyholder only when the repairs to the consumables are done within a stipulated period of time which is usually a period of 3 days. The claim will be honoured only if this timeline is adhered to.
While making a claim, one must submit –
Note: Refer to the terms and conditions of the policy for any other specific requirements that the insurer might have.
It's All About Selecting No-claim Bonus (NCB) During Bike In...
Select the appropriate no-claim bonus percentage while renewing your bike insurance policy and save significan...
Read MoreRenewal of IFFCO-Tokio Two-wheeler Insurance Online: A Compr...
Renewing your two-wheeler insurance online is easier, faster, and simple and doesn't require paperwork. Follow...
Read MoreSteps to Claim Reliance Bike Insurance
It's a big relief if you have someone who will cover all your financial losses that may incur in the future du...
Read MoreSteps to Claim Bike Insurance at HDFC Ergo
All bike insurance policyholders expect an easy and hassle-free claiming facility from their bike insurance co...
Read MoreOff-road Bike Insurance: All You Need to Know
Youngsters in India are very adventurous and love to do off-road riding. It is always advisable to purchase bi...
Read MoreDifferent Types of Bike Insurance and Its Variants
What are the different variants of bike insurance available at the moment? Read on to find out the various typ...
Read MoreBike Insurance: Should You Buy It from Bike Dealers?
Do you need to buy insurance from a bike dealer? Is it mandatory? The answer may surprise you. Read more to de...
Read MoreEverything You Need to Know About Acko Bike Insurance Before...
Acko bike insurance provides two bike insurance policies considering your requirements. They offer mainly thir...
Read MoreBike Insurance Premium for 125cc Engine
Bike insurance varies because of many factors, and one among them is bike capacity. Know the insurance policy ...
Read More