Here’s How to Secure Your Bike From Losses This Gudi Padwa

Posted on: Mar 22, 2024 | 3 mins | Written by: HDFC ERGO Team

Here’s How to Secure Your Bike From Losses This Gudi Padwa

Gudi Padwa marks the beginning of the new year for many communities across India. As you prepare to celebrate with friends and family, also take time to secure your precious two-wheeler. While periodic servicing and maintenance help keep your bike running smoothly, you need financial safeguards, too. This blog shares 10 practical tips to secure your bike and also evaluates the benefits of comprehensive bike insurance.

Best Ways to Secure Your Bike

Make sure your valuable bike is also ready for the year ahead. Here's how to secure your bike from losses completely.

1. Get Comprehensive Bike Insurance

One of the best ways to secure your bike financially is to purchase a comprehensive bike insurance policy. This covers third-party liabilities as well as own damage protection for:

• Accidents

• Natural disasters like floods, storms, etc.

• Man-made disasters like fire, riots, etc.

• Theft and burglary

Comprehensive bike insurance ensures you get covered for all repair expenses and losses in case of any unfortunate incidents. Do your research and invest in adequate coverage from a trusted insurance provider.

2. Use Multiple High-Quality Locks

Relying solely on the in-built ignition lock is asking for trouble. Invest in multiple sturdy locks like U-locks, brake disc locks, wheel locks, anchor locks, etc. Using different locks on various bike components makes it tougher for thieves to steal or tow away your parked vehicle.

3. Install a Reliable GPS Tracker

Modern GPS trackers allow real-time location monitoring via mobile apps. If your bike gets stolen, you can track its movement and inform the Police quickly to aid in recovery. Opt for trackers with long battery life, sturdy build quality and smart features like geofencing, unattended motion alerts, remote immobilisation, etc.

4. Register and Identify Your Bike

Register your bike details, such as engine number, chassis number, etc., with local authorities or national databases to help trace them in case of theft. Some cities provide facilities like engraving, sticker coding, RFID tags, etc., to identify recovered vehicles uniquely. Make use of these.

5. Use Common Sense When Parking

Apart from using locks, be sensible about where you park your bike. Always try to park in well-lit areas under CCTV coverage and with decent foot traffic. Avoid shady, dimly lit parking spots, even if they seem convenient. Park together with friends if going out in groups.

6. Customise with Anti-Theft Alarms & Kill Switches

You can customise your bike with additional security features like loudspeaker alarms, smart ignition kill switches, immobilisers, etc. These deter thieves and alert you immediately in case of any unwanted towing or riding attempts. Use them for extra protection.

7. Keep Comprehensive Service Records

Maintain detailed service records of repairs, replaced parts, etc., complete with invoices. This documentation helps settle insurance claims faster if your bike is stolen or damaged. Good records also add value when you plan to sell your bike.

8. Stay Alert and attentive

Make it a habit to stay alert and keep your bike in sight when parked in public places. Check for signs of tampering before unlocking and riding away. Secure all accessories and gear when leaving your parked vehicle unattended, even for a short while.

9. Use Cover When Parked Overnight

Invest in a good quality bike cover and use it when parking your vehicle overnight or for long durations. It adds a layer of protection from weather conditions, scratches, minor dents, etc. that can devalue your bike over time.

10. Upgrade Security Systems Periodically

As newer and smarter anti-theft devices arrive on the market, consider upgrading your bike's security systems periodically. For instance, you can upgrade to trackers with immobilisation features or install more sophisticated alarm systems for greater protection.

Why Do You Opt for Comprehensive Bike Insurance?

Here are some major advantages of buying a comprehensive bike insurance policy:

1. Full Coverage for Own Damages

Even a minor accident can lead to big repair bills like replacing broken parts. Comprehensive bike insurance handles all such expenses related to restoring your vehicle.

2. Protection against Natural Calamities

Environmental disasters like floods, storms, lightning, etc. can extensively damage your parked vehicle. A bike insurance policy provides coverage against such losses.

3. Theft and Burglary Protection

Getting your vehicle stolen is every owner's worst nightmare. Comprehensive bike insurance pays out the Insured Declared Value (IDV) in case of theft, giving you financial relief.

4. Accumulating Discount on Premium

You can build up a discount on your damage premium each claim-free year through a claim bonus, helping you renew your policy at a lower premium.

5. Personal Accident Cover

You get additional coverage for accidental injuries, disability or death for yourself and the pillion rider under a comprehensive policy.

6. Depreciation Cover

You can opt for a zero depreciation add-on cover to get the full claim amount for your damages without any depreciation deduction.

Conclusion

Let not bike theft or accidental damage ruin your Gudi Padwa festive spirit. Take every possible measure, like comprehensive insurance, multiple locks, GPS monitoring, smart parking, and vigilant habits, to safeguard your two-wheeler fully this new year. Follow these 10 tips diligently to ensure your bike remains protected no matter what destiny has in store!

Disclaimer The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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