“Motorcycle insurance is set to increase in popularity as the importance of motorbikes in cutting congestion was highlighted in the Queen’s speech”
Insurancewide.com
Motorcycle Direct Insurance explained
Motorcycle Direct Insurance is concerned with safety and security for yourself and your motorbike. It protects your motorbike from
- Serious collisions with another vehicle or a person
- Severe accident
- Burglary of motorcycle fittings
- Stealing of your motorbike
To safeguard your motorbike from these above situations, you purchase an insurance policy directly from a vehicle insurance provider. This process of direct insurance buying is known as motorcycle direct insurance.
Need For Motorcycle Direct Insurance
Following are the possible situations that necessitate the need for motorcycle direct insurance:
- One possible situation is that you could be involved in a motorcycle accident for no fault of yours. If you have motorcycle direct insurance, you can then make a claim and get compensated for your loss.
- It is possible that you are in an accident with a car or another vehicle. Several motor insurance companies provide liability coverage for such type of claims.
- You could be a victim of motorbike theft. According to vehicle crime statistics of UK, 600 motorcycles are stolen every month. Even if you leave your motorbike in a garage, it still does not stop thieves from stealing your motorbike. Therefore it is important that you have some kind of motorcycle direct insurance.
- If you have a motorcycle direct insurance, then you can even make a claim for motorbike accidents that are due to faults on the exterior of the road. These faults could comprise of an oil spill, standing rain water and piled up mud.
Kinds Of Motorcycle Insurance
There are four kinds of motorcycle insurance that a motorbike owner can purchase-Comprehensive, Third party, Third party fire and theft and Pillion passenger insurance
Comprehensive motorcycle insurance: In this type of insurance you directly pay the premium price to the insurer to safeguard your motorcycle from any kind of accidental harm or damage. You also get to safeguard your bike from fire break outs, theft attempts along with damage to house or office caused by your motorbike.
Third party motorcycle insurance: This type of motorcycle insurance covers only damage to someone’s house or apartment or office building caused by your motorbike. By the way having third party insurance is a minimum legal requirement according to Road Traffic Act, first introduced to UK in 1930. Any injury to yourself or to your motorbike is excluded from this type of insurance.
Third party fire and theft: It provides liability coverage to someone else’s residential or business estate, fire breakouts in your motorbike, stealing of fittings from a motorbike and stealing of a motorcycle. It is preferred that for safety purpose the motorbike is kept in a garage. As most vehicle insurance companies will not offer insurance to unprotected motorcycles.
Pillion passenger insurance: ‘Pillion passenger’ means a second passenger on a motorcycle. This type of insurance provides cover for pillion passengers. You can check with your direct insurance company if they offer pillion passenger insurance. |
