How Does Engine Protection Add-on Cover Work in Two-wheeler Insurance?

Riding your bike without two-wheeler insurance can lead to significant trouble. Failure to renew your two-wheeler insurance can result in heavy fines. Two-wheeler insurance gives you peace of mind when you plan to go for a long ride.

The comprehensive insurance policy typically covers accidental damage to your bike. However, it does not cover repairs or replacement of other components such as engine damage. One key advantage of two-wheeler insurance is that it can be customized according to your specific needs by including suitable add-on covers to cover losses that are not covered by comprehensive insurance.

 

What is Engine Protection Add-on Cover?

An Engine Protection Add-on is an optional feature included along with the two-wheeler insurance policy. Engine Protection Cover provides an additional benefit to safeguard the engine of the insured vehicle, covering damage due to water ingression or accidents. It offers valuable compensation for the repair or replacement of the bike’s internal engine parts.

While this coverage comes at an extra premium cost, it is certainly a worthwhile investment. Moreover, this add-on cover also extends protection to crucial engine parts such as the crankshaft, gearbox, and pistons, shielding them from potential damage.

 

How does it Work?

The Engine Protection add-on cover can be purchased either as part of the comprehensive plan or as an addition to the stand-alone Own Damage (OD) Cover. Acquiring the add-on does not necessitate a separate document, but mandatory documentation is required when purchasing the stand-alone or package policy.

Now, you may be wondering how the Engine Protection cover works. If your insured bike's engine sustains damage due to water ingression, accident, or lubricant leaks, this insurance plan will cover the cost of repair or replacement of the engine parts. In such cases, you must notify your insurance company to ensure coverage for the necessary repairs.

 

Coverage provided under Engine Protection Add-on Cover

Explore the coverage provided under the Engine Protection Add-on Cover. If you are seeking the best add-ons in your comprehensive two-wheeler insurance plan, consider opting for the engine protection cover. This cover protects your engine and your finances. This policy extends to cover the resultant damage to the internal components of the engine and/or gearbox of the insured vehicle arising out of the following:

 

Inclusions

 

Water Ingression: If your bike's engine is damaged by water ingression, the insurance will cover the cost of repair or replacement of the bike’s internal engine parts.

 

Lubricant Leakage: If there is visual evidence of an accidentally damaged engine, gearbox, or related parts of the insured vehicle, then this add-on will cover.

 

Exclusions

The policy does not cover for the following reasons:

• There is no proof that the insured vehicle came to a stop in a wet region, allowing water to seep into the engine and harm internal components.
• If a loss is already included in another insurance policy from a different insurer, or if it falls under a manufacturer's warranty or recall campaign, or if it is covered by any similar packages simultaneously, then the policy won’t cover.
• Except for the damage caused to the internal components of the engine due to water entry or lubricating oil leakage, as well as the damage to the gearbox resulting from lubricating oil leakage caused by accidental means, any other indirect loss is not covered.
• In the event of an engine flushing, the costs for engine oil and consumables are not covered.
• Any loss or harm, such as engine corrosion, resulting from a delay in informing us or retrieving the insured vehicle from a waterlogged area, is not covered.

 

Benefits of Engine Protection Cover

Let's now discuss the benefits of opting for an Engine Protection Cover.

Covers entire engine

Standard two-wheeler insurance does not cover all types of accidental damage. That’s why opting for add-on is the best choice to safeguard your finances.

The add-ons such as engine protection add-on cover policy offers repair and replacement cost of internal parts of the engine, such as the crankshaft, cylinder head, cam shaft, pistons, piston sleeves, gadget pins, connecting rods, engine bearings, oil pump, turbo/super charger, and other similar parts.

By obtaining the Engine Protection Cover in insurance, you can alleviate any concerns about bearing the costs of engine or gearbox repairs.

 

 

Monetary Cover

The most significant benefit you get from this add-on is financial coverage. The engine and its components are costly and repairing them can cost you a lot of money. With the engine protection cover, you can quickly get the bike repaired without worrying about financial constraints.

For instance, if your two-wheeler is causing the oil lubrication because of the accidental issues, Engine Protection Cover helps to repair or replace the affected engine parts such as gear box, differential or transmission assembly such as gear shafts, shifter, synchronizer rings / sleeves, actuator, sensor, Mechatronics and its affected parts and bearings.

When you have this add-on, there is no need to pay for the labour cost for the repair or replacement of the internal parts of the engine.

 

Why you need to get the engine protection cover with your two-wheeler insurance policy

Securing the engine of your two-wheeler is the first step in ensuring its financial well-being. If you're in search of top-notch Engine Protection Insurance, Shriram General Insurance is the ideal choice to safeguard your two-wheeler's finances. Before buying the policy, you should read their policy wordings to take clear decisions.

 

 

FAQs

1. When do you get the full benefits of a two-wheeler engine add-on from Shriram General Insurance Company?

The insured vehicle must be fixed at authorized workshops of Shriram General Insurance to receive the full benefits under Engine add-on cover. If you choose a non-authorized shop, the repair cost of the insured vehicle will be limited to 75%.

 

2. Will the transfer of ownership affect the engine add-on cover at Shriram General Insurance Company?

Yes! The Engine Protector coverage expires if the insured vehicle changes ownership. To renew this add-on, you should contact the Shriram General Insurance Company.

 

3. How often can you use your engine add-on at Shriram General Insurance Company?

The coverage is valid for the policy period and can only be used a maximum of twice per year.

 

4. Is buying a two-wheeler engine add-on at Shriram General Insurance Company simple?

Of course, yes! You can buy the add-on from the Shriram General Insurance Company with the required documents. For further details, visit their website or approach the nearby branch.

 

5. What not to do when your Insured Vehicle has stopped in a water-logged area?

Once the insured vehicle has stopped in a water-logged location or undercarriage damage has occurred, the insured should not attempt to crank, or push start the engine.