Electric two-wheelers with pedal-assisted power are one of the major revolutions in recent years. The number of electronic bikes has increased in the past few years. However, there is a high level of risk involved in riding these e-bikes. It may not be easy for you to find the bike insurance schemes covering these electric two-wheelers. But, it never means that you have to keep these vehicles uninsured. Bajaj Allianz has reliable insurance policies for your e-bikes. Several e-bike owners also have applied for Bajaj Allianz two-wheeler insurance renewal. As you think of buying new insurance for your electric bikes, it is better to have a comprehensive guide.
Do you need bike insurance for electric two-wheelers?
Several Indians do not like to buy two-wheeler insurance. However, according to the Motor Vehicles Act of 1988, it is compulsory to have e-bike insurance. Moreover, no one can predict when tragedy strikes your life. E-bikes can run fast. While you ride it while commuting to work and enjoying weekends, accidents may happen. Like other cyclists, e-bike riders have a risk of-
- Theft
- Physical injuries
- Damage
- Liability (when the e-bike hurts others)
To save your money during any mishap, you can buy insurance.
Homeowner and renter insurance- Not for insuring e-bikes
You may have paid for homeowner and renter insurance. It will ensure partial coverage for your e-bikes. When someone has stolen your e-bikes from your condo, home, and apartment, you will not get the ultimate benefits. Homeowner insurance policies provide you with limited coverage. Thus, you can look for electric bike insurance to have protection against loss and damage.
Two-wheeler insurance is of two types
When you search for the insurance policy for electric bikes, you will find two categories.
Insurance for third-party liabilities–
In India, this insurance is mandatory for vehicle owners. The insurance policy protects you against legal and financial liabilities. When your electric bike has damaged and injured third parties, the insurance will protect you.
Comprehensive insurance policy for two-wheelers–
To ensure 100% protection to your electric two-wheelers, it is the best option for you. It protects you against natural and man-made disasters. When a mishap has damaged your electric vehicle, the insurance policy will be your rescuer. But, your insurance needs renewal every year. Some policies ensure long-term insurance for about 3 years.
The comprehensive electric bike insurance policies are customizable to your budget and needs. They cover different things, like
- Collision and crash damage
- Full-value insurance coverage
- Locks, cycling accessories, and other gear
- Replacement bike rentals
- Theft from your home and any other place
- Roadside assistance
The e-bikes have not yet become popular in India. That’s why some insurance providers provide you with limited coverage. You can research your e-bike insurance policies available in the market. Bajaj Allianz has the best bike insurance schemes for Indians. But, when you have already purchased the policy, you have to renew it. You can visit the online site for your Bajaj Allianz two-wheeler insurance renewal.