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Different Types of Motorcycle / Motorbike Insurance Policies

Motorcycle Insurance, compulsory under the Road Traffic Act (1988), is essential to protect the vehicle against accidents and normal wear and tear.

The laws of Motorcycle insurance covers:

• Bike Insurance
• Cycle Insurance
• Moped Insurance
• Scooter Insurance

Special tailor-made schemes exist for the following motorcycle riders:

• Lady riders
• Young riders
• Police personnel
• Emergency services personnel
• Prison service
• Seasonal riders

We at Powerseeker, one of the leading service providers of motorcycle insurance have prepared a brief guide about the types of insurance covers available for motorcycle owners.

Comprehensive motorcycle cover:

This covers the loss of or damage to your motorcycle caused by accidents or intentional damage. It also includes third party, fire and theft cover.

Third Party Fire and Theft Cover

This covers third party liability required by the Road Traffic Act. It also covers the motorcycle if it gets stolen or damaged by fire.

Third Party Cover only

This is a basic policy that covers the insurance holder’s liability for causing death or body injury to a third party, their property and pillion riders.

The motorcycle insurance holder will have to pay some part of the claim in case he is partially responsible for the road traffic accident. The amount of excess for which he/she is liable is outlined in the motorbike policy schedule. There are primarily two types of excess:

Compulsory Excess: This is a nominal excess that is applied by the motorbike insurance company and it varies with the terms of cover. Compulsory excess is applicable for fire and theft claims. The amount varies according to the terms of the individual policy.

Voluntary Excess: This amount is agreed upon with the motorbike insurance company to reduce the premiums. In the event of a claim this excess is added to the compulsory excess as the amount to be paid towards the claim.

While buying motorcycle insurance, it pays to be aware of the following details:

• Motorcycle insurance cover – liabilities it covers and the terms of the policy (called endorsements), which should be stated clearly in the schedule.
• A motorcycle owner should also know that the government levies a compulsory tax on all insurance premiums.
• It also must be remembered that the insurance company, which covers the vehicle penalises the owner if he/she cancel an annual policy midway. This is because motorcycling is a seasonal hobby in UK and many people do not want to pay fully comprehensive premiums.

Nevertheless it is not advisable to leave a motorcycle uninsured just because it is not being used. In case of accidents, thefts or intentional damages, an insurance cover comes handy.

Powerseeker Insurance offers the cheapest quotes and most comprehensive covers for motorcycle owners. Call us and our insurance dealers will help formulate an insurance cover to meet individual requirements.

Useful Resources:

• Custom Built Motorcycle Insurance
• Instant Motorcycle Insurance Quotes
• Motorcycle Insurance Quote

View the Motorbike Insurance Guide