Superbikes on their own a class apart. With power figures running into three-digit numbers, it is no less than having an adrenaline rush each time you ride one. Superbikes are synonymous to speed, agility, and its sharp aesthetic. A bike to be classified as a superbike generally needs to have over 600 horsepower thereby delivering mind-boggling power figures. Superbikes are also commonly known as litre-class bikes in the automotive world. However, just like other vehicles, superbikes also need to be registered to be legally driven on the roads. During this process, registration, PUC certificate and insurance form the three crucial documents. While registration is generally helped by the dealer, it is the 2 wheeler insurance policy that you need to decide upon.
Here are some of the insurance buying tips that can ensure an all-round coverage for your sports bike.
Customised coverage: Buying an insurance policy that suits your bike’s requirement is advisable. This will help to get the required coverage based on the estimated repairs and maintenance required for your superbike.
When buying a bike insurance policy, there are two options to choose from, a third party bike insurance or a comprehensive insurance cover. A third-party policy is the bare minimum that you need to buy, however, considering the expensive repair costs and frequent maintenance required for the bike, it is recommended to buy a comprehensive insurance cover.
Some insurance companies offer customised policies for different types of bike based on their model and make. So, customising a coverage to suit your requirements helps specifically in the case of two-wheeler insurance for superbikes.
Lower deductibles: Deductibles are that portion which the policyholder is required to pay at the time of claim. So, higher the deductible, higher will be your out-of-pocket expense. When buying a comprehensive policy, make sure to keep these deductibles at minimum. This will help to have maximum coverage for the repairs. There are two types of deductibles, compulsory and voluntary one. While the compulsory deductible cannot be avoided, the voluntary deductible is the one that must be kept at a minimum. Also, these deductibles impact your policy premium. So, make smart use of these deductible to keep the two wheeler insurance price within budget while opting for other features.
Add-on covers: Superbikes are available at different price points but generally in the premium segment. These expensive bikes have steep repair costs as result of high-quality spares and parts used. With add-on covers, these additional costs of repairs can be insured. Add-ons are policy features that aren’t covered by a comprehensive policy, but instead are available to purchase additionally. There are myriad add-ons, but a zero-depreciation add-on is one specifically that you must consider buying.
These are some consideration to keep in mind when looking for an insurance policy specifically for your superbikes. It takes a lot of skill to ride these high-capacity bikes. While accidents are unpredictable, it can burn a hole in your wallet to get it fixed. With a suitable insurance plan, you need not worry about the expensive repair costs required in the process. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.