Just like the case of a vehicle, your motorbike also requires insurance cover. It is a statutory requirement meaning that if the authorities catch up with you with no insurance cover for your bike, things could go south. Not many people know that motorcycle insurance is necessary while on the roads. That is why this guide is here – to show you the relevance of this insurance cover.
Several insurance companies offer motorbike insurance, but you can always trust https://www.directasia.com/motorcycle-insurance to offer you the best. That is because the company will provide you with different motorbike insurance covers such as third-party fire and theft, third-party only, and comprehensive insurance.
The insurer can also tailor-make motorcycle insurance for customers to cover all their specific needs. The insurance company can also repair your bike in the workshop of your choice.
Every motorist has that mechanic they trust most with the machinery, and the company may let you take your bike to that specific mechanic.
What determines motorbike insurance premiums?
When looking to buy insurance for your motorbike, different factors determine your insurance premiums. These factors often include but are not limited to:
- Riding age and history
- Motorbike brand and model
- Rider’s age
- Address
- Usage
Motorbike Usage
Before getting the insurance cover for your motorbike, you need to understand how you will use it. Motorbike uses can be categorised in different classes such as:
- Private and business use
- Private use and commuting
- Private Use
The insurer will ask you about the motorbike plan, which may affect the insurance cover. Before going to the insurance company, ensure that you know what you plan to do with your motorbike.
Types of motorbike Insurance cover
Almost all motorbike insurance companies, including https://www.directasia.com/motorcycle-insurance/, offer three distinct types of covers for motorbikes. These insurance covers include:
1, Third-party only
This insurance cover is the base level and minimum legal requirement. However, the downside of this cover is that it will only cover third parties in case of an accident.
That means the bike owner is not covered, and you will cater for your motorbike expenses from your pocket.
2, Third-party, fire, and theft
It is also known as middle-level cover. This insurance cover caters for you if the motorbike is stolen or damaged by fire and other parties involved in the accident.
3. Comprehensive
Comprehensive insurance cover is typically the highest insurance cover you can get for your motorbike. Here you can claim several things which include but are not limited to:
- Theft of your motorcycle
- Damage to your motorcycle due to an accident
- If you crash into something besides a motorcycle
- Damage by flood or a natural disaster, among others
The best option for most motorists is the comprehensive cover even though the third party only cover is the cheapest of the three policies.
Motorbike modifications
Today, motorists add modifications on their bikes which is common almost everywhere. As you shop for insurance cover for your motorbike, make sure you note the changes on the bike.
If there are arrangements to add modifications during the contract period, ensure you notify the insurer. To be on the safe side, make sure you give out correct information about the modifications. Accurate bike modification details will enable faster claim processing in case of an accident.
If the insurer finds some wrong information about you or your bike, things could turn against you, and you might end up with huge costs and expenses to handle.
There are various modifications that motorists can add to their motorbikes, and they include:
- Practical modifications
- Physical modifications
- Security modifications
- Performance modifications
- Safety-enhancing modifications
Adding these modifications could potentially raise the bike’s value, resulting in a higher insurance premium. Always inform the insurer in case of alterations to ascertain whether they will include it in the policy.
