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What is Motorcycle Insurance?
1. Comprehensive (or the whole kit and kaboodle)This provides repair or replacement cover for damage to your motorcycle, as well as other vehicles and property (if you back into your neighbours letterbox for example). It is usually accidental damage, and includes theft, fire, legal liability and usually a host of additional benefits (like cover for riding apparel, and emergency accommodation etc) that are automatically included or optional covers that you can add in for extra premium.2. Third Party Property Damage (the basics)Good old bomb insurance - covers damage to other vehicles and property, but not your own motorcycle. Just plain and simple legal liability. 3. Third Party Fire & Theft (a bit of both)An option a lot of younger drivers take out that provides the basic legal liability protection of Third Party Property Damage and adds cover for theft of your motorcycle and fire. It’s not going to cover damage as a result of an accident with another vehicle or impact by an animal for example, but if the motorcycle is stolen from out the front of the pub on Saturday night, at least you’re covered!
All information above has been provided by the author.
Laura Meyer, MeyerInsure, ABN 87 340 928 486, AFSL 233750
This article originally appeared on MeyerInsure - Blog and has been published here with permission.