Seven Perks of Multi Bike Insurance Cover
A multi-bike insurance policy is a special type of two-wheeler insurance cover which allows clients to cover more than one bike under one insurance policy. A multi-bike policy will cover one rider with several motorcycles but not several drivers with a single motorcycle. For instance, if you commute via a motorcycle to work daily and you have an additional bike for leisure activities, a multi-bike insurance policy is the perfect pick for you. This blog post will discuss the top seven benefits of having a multi-bike insurance cover policy for a rider.
Peace of Mind
Having a multi-bike insurance policy cover means you and your bikes are protected. You will not have to constantly worry about getting yourself into legal suits and compensations from third parties during an accident as your insurer will have your back. Ride with ease and stress-free as your multi-bike insurance provider will offer you and your multiple bikes comprehensive protection; hence you can drive with confidence wherever you go. By signing up to this policy, you will enjoy insurance against loss or damage from accidents, fire, and theft, a road rescue, and an extensive third-party liability, all under one roof.
Completing Legal Requirements
According to the traffic act signed in the early twentieth century, having a third-party insurance cover is a mandatory requirement for any motor vehicle and motorcycle on our roads. Hence, buying a multi-bike means you have completed the legal traffic requirement for your bike to be on the roads. Additionally, motorbike insurance renewal is crucial as failing to keep up with this legal requirement will land you in trouble with the authorities.
Easier to Buy
Insuring a single or multiple bikes was a tedious process a few years down the line. You had to go to the office, wait in the queue, submit your application and then wait for the application to go through. However, as time goes by, this has completely changed as getting multiple insurance covers has been made easier. You need to use your smartphone or a personal computer, log in to your insurance provider’s website, and apply seamlessly for it. Third-party insurance policy buying is not a difficult process. All you need to do before purchasing is spend time comparing the available options to find the one that suits you well.
Protection Against Disasters
Having a multi-bike insurance policy cover will protect you from the expenses earned from the damage sustained by your bikes in the event of disasters like hurricanes, floods, and earthquakes. Additionally, a multi-bike insurance policy will cover you against the loss and damage due to theft, war, or demonstrations. Thus, you will have confidence in the security of your bikes when you have a policy covering taking care of all these natural disasters.
Long Term Insurance
Many multi-bike insurance service providers have launched long-term insurance premiums which can cover your bikes for a period of up to three years. Unlike yearly insurance policies, which may vary between that period, the long-term multi-bike cover is usually fixed for the whole term and does not change; hence the money you pay at the beginning will cover you for that period wholesomely. Additionally, you can have peace of mind for the given period the insurance covers without worrying about missing the deadline for your yearly renewal.
One of the usual benefits you will enjoy when taking a multi-bike insurance policy is having a cashless claim policy. This means that in case of an accident that brings damage to one of your bikes, you can take your bike to any of the garages connected to your insurance company provider and get your bike new parts and complete repair. The cost incurred by the spare parts and repairs will be settled seamlessly between the garage owner and the insurance provider. Thus, it will save you the stress of having money set aside for repairing your bike.
It is Cheaper
Generally, a multi-bike insurance policy is cheaper than getting an insurance policy for each of your motorcycles. By doing the math’s the total prices of your insurance premiums are usually based on the main bike covered, and it is usually the most expensive to insure individually. Any other bikes added to the insurance policy comes at a discounted price since it is just like conducting bulk buying for insurance. The cost of the premiums will generally depend on several issues, such as the engine power, the model of your bike, your annual mileage, and your riding experience.
Motorbike enthusiasts who own more than one motorbike can now have a better understanding of the multi-bike insurance cover, what it covers, and the advantages associated with this policy. By knowing all these benefits, it is important that you do not hesitate to buy and renew the multi-bike insurance cover.