Additional coverage to consider when buying motorbike insurance
There are numerous additional coverage to include in your motorbike insurance, but which one should you consider?
What Is Additional Coverage In Motorbike Insurance?
As a motorbike rider, your risk of getting into an accident is high. Therefore, it is important to make sure that you are adequately protected if anything bad happens to you and your passenger while you’re riding your motorbike. This is especially important in Thailand, where traffic laws are not strictly enforced and motorbike accidents are common.
While motorbike insurance protects you against many risks, it does not cover you for everything. In order to adequately protect yourself, you can purchase additional coverages to your motorbike insurance. You may want coverage for any risk of injury your motorbike might experience as a result of an accident, fire, flood, or other unexpected events.
Key Points
- While motorbike insurance protects you against many risks, it does not cover you for everything.
- There are many types of additional coverage to select when buying motorbike insurance such as medical expenses, personal accident, bail bond, third-party own damage, third party asset damage, and fire and theft.
- Some of the most popular additional coverage are personal accident cover and criminal case cover.
Common Types of Additional Coverage
Here are some of the most common types of motorbike insurance additional coverage you can consider:
Personal Accident Cover
Personal accident cover provides financial compensation to you or your family in case of permanent disability/death caused by an accident. Here’s how it works:
In the case of temporary disability
If the accident results in a temporary disability within 180 days, you will receive compensation from the insurance company.
In case of death
If you, unfortunately, pass away due to a motorbike accident within 6 months of the event, your beneficiaries will receive a lump sum payment.
In case of total permanent disability
If the accident causes complete, permanent disability, you will receive a lump sum payment that you can use at your discretion.
Additional coverage protects you from the financial consequences of being in a motorbike accident.
Criminal Case Cover For Drivers
In this case, you will get assistance from your insurance company if the accident results in a lawsuit. The insurance company will use your insurance funds to bail you out. The insurance funds will also be used as collateral to get you out.
Get insured now and protect yourself from any risks that may occur while riding your precious motorbike.
Other Additional Coverage to Consider
Besides the additional coverages mentioned above, you may want to consider the following additional coverages as well.
- Medical expenses – Medical expenses incurred as a result of an accident, permanent disability, or death caused by your motorcycle will be covered by the insurance company.
- Third-party own damage – This provides coverage for your own motorbike in the event of damage or loss caused by others.
- Third-party asset damage – This protects the other party’s vehicle during an accident.
- Fire and Theft – When a motorbike is destroyed by a fire, whether it is caused by a broken part on the motorbike or as a result of an accident, you will receive compensation. If your motorbike was lost or stolen, you can make a claim as well.
How Can Additional Coverage Help You?
Additional coverage is a great way to supplement your motorbike insurance. Most insurance companies don’t allow you to modify your motorbike insurance policy according to your individual needs. However, additional coverage allows you to customise and tailor your motorbike insurance to match your unique requirements. In addition, purchasing additional coverage to add into your Type 2 or Type 3 motorbike insurance is usually cheaper than purchasing a comprehensive coverage.