Magma HDI Two Wheeler Insurance Add on Covers

If you buy a bike in India, you must obtain two-wheeler insurance for the same. And, along with the insurance, insurers also offer add-ons to supplement the comprehensive/standalone insurance policy and increase its value to the buyer. Some of the provided add-ons are basic, while others can be purchased at a higher premium by the insured. Each additional cover will incur extra cost, which will be reflected in the premium. 

Add-ons come with additional coverage for a small additional premium. It helps you protect your two-wheeler by assisting in various situations; however, depending on your needs and cost estimate, these benefits can be included in your two-wheeler insurance policy. Magma HDI Insurance provides a number of add-on coverage options that can be easily added to your policy during the purchase or renewal phase.

Magma HDI - 4 Important Add-on Covers for Your Two Wheeler Insurance Policy

Magma HDI two wheeler insurance offers its policyholders a variety of add-on covers in exchange for an additional premium. Among these benefits, some are noted below:

1. Zero Depreciation: This is one of the most important and common add-on covers. It is because every vehicle undergoes depreciation over time as a result of regular use. And then when you raise a claim, the insurer deducts the cost of depreciation. In this way, you don’t receive the full claim amount. However, the zero depreciation cover can save you from this. This add-on coverage reimburses you for the amount of depreciation deducted from the value of parts that were replaced after being damaged in an accident or other mishap. However, this add-on cover does not apply if your bike is totaled or constructively damaged, or stolen or if it is restored without the insurer's prior approval.
2. Tyre Guard: The tyres of a two-wheeler are subject to a lot of damage as a result of regular use. Due to this fact, usual insurance policies don't provide coverage for damage to tyres. In this case, a tyre protection cover comes into play. It offers you coverage in case your bike tyres suffer losses due to any unforeseen incident. You can even get coverage for the repairs and replacement of the tyres.
3. Protection of NCB: Usually if you raise a claim even for minor damages, your accumulated NCBs will become zero. And, this is where an NCB protection add-on cover helps in keeping your NCBs intact. Once you buy this add-on with your existing comprehensive/standalone policy at an additional premium, your accumulated NCBs will remain safe even if you raise a claim. Hence buying this add-on is totally worth it.
4. Roadside Assistance: One's two-wheeler is a machine that can degrade or be involved in an accident anywhere. As a matter of fact, to deal with this unpredictability and avoid becoming stuck in an unfamiliar place, charge a nominal premium for this add-on cover. The roadside assistance cover helps you in a variety of situations, including mechanical and electrical breakdown, accidental immobilisation, flat tyre, dead battery, keys locked in, running out of fuel, and many more.