PA Cover in bike insurance online stands for Personal Accident Cover. It is an add-on cover that provides compensation in the event of the policyholder’s accidental death or bodily injury while riding the insured bike. The PA cover offers financial support to the policyholder or their family in case of any unforeseen events that may result in a loss of income, temporary or permanent disability, or death.
PA Cover in bike insurance is important because accidents can happen at any time and can cause serious physical or financial harm to the policyholder or their family. The cover can provide peace of mind to the policyholder by ensuring that they are financially protected against any mishap that may occur while driving their bike. In case of an accident resulting in death or permanent disability, the PA cover can provide a lump sum payout to the policyholder’s nominee, which can help them meet their financial needs.
Additionally, having a PA Cover in bike insurance is mandatory under the Motor Vehicles Act, of 1988. It is advisable to opt for a higher sum insured under the PA Cover as it can provide greater financial protection in case of a serious accident. Thus, having a PA Cover in bike insurance can provide comprehensive coverage and financial security to the policyholder and their family.
To add a PA Cover to your bike insurance policy, follow these steps:
Contact your insurance provider: Get in touch with your insurance provider either through their website, customer care, or visit their nearest branch.
Check your policy terms: Verify if your bike insurance policy allows for the addition of a PA cover. Also, check the terms and conditions of the policy regarding the sum insured and the premium amount for the add-on.
Choose the coverage amount: Decide on the coverage amount you want to add to your policy. This can depend on your personal needs and the potential financial impact of an accident.
Pay the premium: Once you have chosen the coverage amount, pay the premium for the PA cover add-on. The premium amount will vary based on the coverage amount you choose and the insurance provider.
Get the endorsement: After making the payment, the insurance provider will issue an endorsement to your policy, which will confirm the addition of the PA Cover.
Keep the endorsement safe: It is essential to keep the endorsement safe as it serves as proof of the addition of the PA Cover to your bike insurance policy.
In case you have already purchased your bike insurance policy without the PA Cover, you can request its addition during the policy renewal period. You can also opt for a long-term bike insurance policy, which offers the option to add a PA Cover for the entire policy duration.
Advantage PA Cover in Bike Insurance
If you are a bike owner, you know how important it is to have a comprehensive insurance policy. Not only does it cover damages to your bike, but it also provides financial protection against third-party liabilities. However, accidents can also result in bodily injury or death, which can be financially devastating for you and your loved ones. That is where Personal Accident (PA) Cover in Bike Insurance comes in. In this article, we will discuss the advantages of having PA Cover in your bike insurance policy.
What is Personal Accident Covered in Bike Insurance?
PA Cover is an additional benefit that you can add to your bike insurance policy. It provides coverage for bodily injury or death resulting from an accident. This coverage is not limited to the policyholder but extends to passengers on the bike as well.
Advantages of Having PA Cover in Bike Insurance
2.1 Financial Protection
If you are involved in an accident that results in bodily injury or death, PA Cover can provide financial protection for you and your family. It can cover the cost of medical treatment, hospitalization, and rehabilitation expenses. Additionally, it can provide a lump sum amount to your family in case of your untimely death.
2.2 Coverage for Accidental Disability
If you are disabled due to an accident, PA Cover can provide coverage for the loss of income resulting from the disability. This coverage can help you and your family manage expenses during a difficult time.
2.3 Low Premium
PA Cover is an affordable add-on to your buy bike insurance. The premium for this coverage is usually low, making it an attractive option for bike owners.
2.4 Easy Claim Process
The claim process for PA Cover is straightforward and easy. In case of an accident resulting in bodily injury or death, you can file a claim with your insurance provider, and they will process it quickly.
2.5 Peace of Mind
Having PA Cover in your bike insurance policy can give you peace of mind knowing that you and your family are financially protected in case of an accident resulting in bodily injury or death.