Two-wheeler insurance for Royal Enfield
Add-on insurance coverage that can be opted for Royal Enfield bikes
If you have a comprehensive insurance policy for your Royal Enfield bike, then you can choose to enhance the coverage under the plan using riders/add-on covers. Some of the add-on insurance plans appropriate for Royal Enfield bikes are:
Also referred to as nil depreciation cover, this add-on insurance offers amplified protection when your bike is involved in an accident. Usually bike insurance companies estimate the current value of your vehicle by taking into account the depreciation of its parts. The zero depreciation cover does away with the depreciation associated with plastic, metal, and wooden parts. The depreciation on tyres, fibreglass, and battery is also not considered. This way, you get a higher payout as compensation after an accident.
Return to invoice (RTI) cover:
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The insured declared value (IDV) of your bike is the current market value of the vehicle. This is the amount you receive as compensation in the unfortunate event of a bike theft or total damage to the two-wheeler. The RTI cover enables you to get the original invoice value you paid at the time of purchase of the bike.
For an expensive asset like a Royal Enfield bike, it is advisable to buy one of the add-on covers mentioned above. You will have to pay an additional premium when you opt for a bike insurance rider. In addition to the above, you can also add personal accident cover for the passenger, roadside assistance cover, key replacement cover, etc. to the coverage of the base plan, if necessary.
