One of the many advantages of a comprehensive bike insurance plan is the availability of add-ons that can increase coverage. When a service is delayed, some add-ons can help you get direct cash, while others can help you submit better claims for bike insurance.
What Is The Bike Insurance Add-On For Downtime Allowance?
When your vehicle is being repaired after an accident, you can receive some benefits thanks to a special add-on for bike insurance called downtime allowance. Under this coverage, you get a set sum as a transportation allowance until the bike is fixed. The amount you receive and the minimal repair time needed to take advantage of this add-on depend on your chosen insurance plan and insurer. ^
Let’s use the case of Mr Z, who had a bike accident, to explain how the downtime allowance add-on functions. He quickly jumped off the bike, but it was severely damaged. He arranged to tow the bike right away and immediately notified the insurance company about the accident. The garage owner estimated it would take about 15 days to fix the car. Mr Z could no longer travel between his home and office by car.
You can now manage all aspects of your insurance with a bike insurance check online.
Gains From Purchasing A Downtime Allowance Bike Insurance Add-On
- When fixing the bike takes a while, financial assistance is provided.
- Larger claim amount covered by the policy.
- Less money was spent out of pocket to have the car fixed.
- Enhanced insurance policy coverage.
- Without a bike, there is no stress over travel expenses.
- To be able to travel using a preferred mode of transportation.
- Overall, this addition is incredibly useful. It gives you complete peace of mind because you can commute to work conveniently while your bike is being fixed without worrying about the cost.
Purchasing A Downtime Add-On
There are two ways to purchase an addition to your insurance policy: offline and online.
Online: Purchasing bike insurance add-on coverage is very convenient by doing a bike insurance check online. You can specify your preference for downtime when looking for a bike policy.
Offline: The offline process may take longer than the online insurance add-on for your bike cover. For an application form, contact the motorcycle insurance provider or agent.
Make sure you do the process for Bajaj Allianz’s two-wheeler insurance third-party renewal on time.
In conclusion, comprehending downtime allowance cover for two-wheelers is crucial for motorcycle and scooter owners. This specialised insurance provision helps protect against financial losses from unexpected breakdowns or damages to these vehicles, especially when used for daily commuting or delivery purposes.
Downtime allowance cover extends beyond standard two-wheeler insurance by not only addressing the repair or replacement costs but also providing financial assistance to cover expenses during the period when the vehicle is out of commission. This can include costs like alternative transportation, loss of income, or rental expenses.
^ Claims are subject to terms and conditions set forth under a comprehensive two-wheeler insurance policy.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.