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Electric Bikes or e-bikes are the ones that run on batteries and cause no pollution. Thus, these bikes are termed as the future of the auto sector, especially for the two-wheeler market. As such, the speed at which global warming is increasing, it has become inevitable for the auto industry to produce e-bikes considering the harm the petrol run bikes are causing to the environment.
It is for sure that electric bikes have emerged as the next best thing for the automobile sector in the recent times. However, do you have any idea how to get the insurance done for your e-bike. Does electric bike need insurance in India? Do you know which insurance policy you should opt for your electric bike. If the answer is NO, you must read on.
An electric bike insurance is an auto insurance that covers your electricity run bike from any possible loss or damage. The insurance of your e-bike covers you against damage caused to your bike due to accidents, fire, natural calamity and so on.
Looking at the scenario of pollution in the country, many environment conscious citizens in India are purchasing e-bikes to save nature. As e-bikes run on batteries, which are charged electrically they are free of pollution and cause no harm to the environment.
Moreover, electric bikes are safe and so reduce many unforeseen costs arising due to accidents .
Also Read: Best Mileage Bikes in India in 2022
By saving the environment, electric two-wheelers are serving towards the betterment of the environment to a great extent. However, for the safety of the rider and to avoid any unforeseen situation, it is important to get an e-bike insurance and ensure the safety of all.
Here are some of the benefits of buying e-bike insurance:
Secure Yourself Financially – An e-bike insurance allow you to secure yourself financially. Moreover, in case of any unfortunate event like an accident, the insurance helps you in getting coverage for repairing the damages done to your e-bike or for replacing any spare parts.
Enhance coverage with add-on – If you have an e-bike insurance, you get the option of increasing the cover with add-ons. You can use add-on coverage anytime you want on your existing policy once you purchase it. All you need is to pay an extra amount of premium for the add-on service.
Damage recovery – With an insurance in hand, you won’t have to worry about spending money on the damages caused due to any unforeseen event. Also, spare parts of e-bikes are costly as compared to regular bikes, so having an insurance for your e-bike will come handy when repair of any damaged part of your bike is required instantly.
Mandatory by Law – As such, Indian Motor Law makes it compulsory for everyone riding a bike on the roads to have an insurance. So, to abide by the law, it is important for you to have an insurance on your e-bike.
Stay stress-free – Buying an insurance for your e-bike also allows you peace of mind as you stay away from worries concerning the costs incurred in the event of any unforeseen situation, such as a road accident or theft.
Here are the list of things covered under an e-two wheeler insurance:
Here are the steps to follow:
Here’s the steps to follow:
Buying an electric bike insurance is a must. But it is also a must to do a thorough comparison of the various policies available. This will help you in choosing the best insurance as per your needs. Also, you will be able to calculate the amount of premium levied and if it suits your pocket or not.
Online buying of insurance plan is more fruitful as compared to the regular ones as they are more cost-effective, and you are saved of paying the agent fee as well.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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