Every motorcycle rider on British roads must have adequate insurance cover for their ride. Most motorcycle riders will choose the most basic level of cover as a cost-saving exercise, however many riders would actually benefit from choosing extra insurance cover for their bikes or equipment. So what are the different types of insurance that you could pick?
Third Party, Fire and Theft
This insurance offers protection for the most common problems that are not covered by the most basic level of insurance cover. The most important difference is that the insurance should cover you if the motorcycle is stolen from you or catches fire. You should read through your policy to fully understand the circumstances in which the insurance should cover you. Acts of vandalism against the bike may also be covered, depending on which insurance provider you choose to use.
This type of cover should help to protect your excess. In most circumstances you should be able to use this insurance to drastically reduce the amount of excess that you are required to pay in the event of an accident. Some excess protection insurance options can help to save you lots of money in the event of an accident or other damages claim.
Personal Accident Protection
Personal accident protection cover can be added to most insurance policies to give cover for some of the physical injuries that may be sustained in a motorcycle accident. This can help to provide support to you and your family if you are injured in a motorcycle accident. The value of your payout will depend on the extent of your injuries. However, it is worth noting that independent accident cover often offers a higher rate of cover than “optional extra motorcycle add-on cover” does.
With breakdown cover, you can arrange for someone to come out to your location if you suffer a fault with the motorcycle. They will normally try to fix the motorcycle on the roadside, but if this is not possible then they may have to recover the motorcycle for you. It is worth noting that many breakdown policies will not cover you if the vehicle breaks down at your own home. You may need to take out additional cover if you are concerned about this.
This type of insurance cover is designed to protect people who rely on their motorcycles to enjoy everyday life. If your bike is forced off of the road for any reason, this type of insurance will help to make sure that you have an alternative motorcycle available to you whilst your motorbike is being repaired. Many insurance providers will only guarantee hire for a set period of time, but it may be possible to negotiate hire for longer periods if needed.
Personal Protective Equipment
Personal protective equipment for motorcycles can be very expensive, and if it is stolen or damaged it can be very expensive to replace. If you need to replace your leathers or your helmet because of damage or loss then this optional extra cover may be able to help you to recover some of your costs.
Key or Fob
Replacing a missing motorcycle key or fob can be very expensive, especially if electronic components or radio transmitters are involved. Key and fob insurance should help you to recover some of your costs if you lose your motorbike keys or if they are stolen from you. Some providers may even take steps to help to deliver new keys to your location so that you do not have to be overly put out by the problem.