Much like choosing a car insurance policy, there are a lot of things to consider when buying your motorcycle insurance. What do you need to be covered for, who needs to be covered, and do you need any additional extras? It’s important to take out a policy that covers your exact needs, as you don’t want to find yourself uninsured or in violation of your policy, and you also don’t want to pay for extras you don’t want. Here are a few things to consider when deciding if a motorcycle insurance policy will provide you with the right cover.
What Level of Motorcycle Insurance Cover Do You Need?
There are three levels of motorcycle insurance cover you can choose from: third party only, third party fire and theft, and comprehensive. Here is a summary of what each level of insurance covers:
Third party cover provides the minimum level of cover required to drive in the UK. The cover only extends to the cost of compensation for other people through injury or for any damage you may have caused. You are not covered for any financial assistance for injury or repairs to your motorbike.
Third party, fire and theft provides cover for the cost of damage or injury to third parties. You are covered if your bike is damaged through fire or theft or if it is stolen.
Comprehensive cover provides all levels of protection including third party, fire and theft. This cover also protects you as the rider and could pay for damages to your bike. Depending on the policy, it may also include compensation for medical treatment, legal expenses and accidental damage.
What Class of Motorbike Use Do You Need?
When choosing your motorbike insurance, you’ll be asked how you use your motorbike. The main categories to choose from are social, domestic and pleasure; commuting; business use; and courier & delivery. Make sure you select the correct option, as using your bike for activities you aren’t covered for, such as business use, could invalidate your policy.
Which Policy Features are Included and Which Cost Extra?
Your insurer may put some exclusions in place on your policy. A common example is that you won’t be covered by your insurance if you race your motorbike. Cover for riding other people’s motorbikes also might not be covered by your policy, and you’ll also need to check you’re covered if you carry pillion passengers.
Exactly what you get from your bike insurance policy will depend on the level of cover you opt for, and your insurer. While some insurers may provide certain extras as standard, others will charge you for them as an optional extra.
Additional features which may or may not be covered by your motorcycle insurance policy include:
- Helmet and leather insurance
- Sidecar insurance
- Riding your motorbike abroad
- Breakdown cover
- Legal expenses
- Personal accident cover
- Trailer cover for towing
It’s important to check your policy carefully so you know what you can benefit from in the event of an accident, and which people and bikes are covered by your policy.