Like car insurance, motorcycle insurance is also mandatory. Motorcycle insurance covers the civil liability of the owner and the driver – if not the same person – for damages and injuries caused to third parties. In this kind of situation, you should also rely on a company lawyer, because experience is crucial to avoid problems and surprises.
Before taking out motorcycle insurance online, take a look at these tips below. It is very important that you hire all the coverages you need, without leaving any, because if you have an accident the company may not pay you compensation.
6 tips to choose your insurance wisely
1. Assess the risk you want to insure
Keep in mind if it is a new or used bike, if you use it regularly or sporadically, also if it will be driven by a new person, the cylinder capacity and what type of bike it is.
2. Know the insurance coverage
It is important that you analyze the coverages, especially I recommend that you take into account the coverage of accidents to the driver because not all insurers offer it. Travel assistance is also available, as not all insurers cover driving on dirt roads. And keep in mind the theft coverage, there are companies that exclude it for various reasons such as the value of the motorcycle or the frequency of accidents for the model it is. Precisely in the motorcycle cover, bear in mind whether the theft is total -to be covered there must be total theft without recovery of the motorcycle- or partial theft. Few insurers offer comprehensive insurance, those that offer it oblige you to take out insurance with excess.
3. Check that the price-performance ratio is correct
There are insurance companies that offer you a very good price but with very limited coverage; on the other hand, others include guarantees to be taken into account and that add value to the policy, such as helmet damage, headlamp breakage, damage to clothing,…
4. Monitor bonuses and surcharges
If you haven’t declared a claim in recent years, you can get discounts on your insurance premium. Otherwise, if you have declared an accident as a culprit, you may have surcharges.
5. See which is the best channel to hire insurance
Internet has very good offers but think that taking out car insurance through a broker gives you guarantees of quality and professionalism for a very similar price. You will receive personalized treatment and will be offered a price comparison and coverage in different companies.
6. Look at the company’s conditions in the event of an accident
And finally, don’t forget to read carefully the conditions of the insurance company if you have a claim. See if you can freely choose the workshop that will fix your bike, the time you will have to wait for the survey of the vehicle, and also the time it will take for the company to collect compensation.