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Motorcycle Insurance UK
There are three basic types of motorbike insurance - Comprehensive, Third party
Fire & Theft and simple Third Party. The minimum legal requirement
is for basic Third Party cover but this only covers liability for
injuries to other people including passengers, damage to other people's
property and accidents caused by your passenger. Third Party Fire
& Theft cover provides all the cover above but includes protection
against fire or theft of the bike. It is common for insurance companies
to apply a policy excess to motor bike premiums - typically this will
be around £200 but can be greater or smaller. The higher the
excess the more reasonable the premium will be. |
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Comprehensive motorcycle insurance
This provides extra cover for such events as accidental damage to
your motorbike or scooter, personal accident benefit, medical expenses
and loss of or damage to personal effects, for example theft of a
helmet held in a top-box. Particularly with comprehensive policies
insurance companies will require in depth information on the insurer.
This will include details of where the bike will be kept, its engine
size, details of other riders and for what purpose the bike will be
used for - social, domestic or business. In the latter case a large
premium could result as insurers assume that the business use will
be courier related.
Specialist motorbike cover
Some insurance companies offer specialised policies for such things
as vintage or classic motorcycles often providing them at a discount
to vintage motorbike clubs or societies. There is normally a mileage
restriction applied to these types of policies.
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How to cut the cost of your bike insurance
Many manufacturers will offer free or discounted cover for the first
year for new scooters. There are also a wide variety of hidden benefits
in some policies - for example legal protection, roadside breakdown
assistance, the level of mandatory excess for accidental or malicious
damage and the provision of personal injury and personal belongings
cover.
Seeking advice on bike insurance
The wide variety and different methods of insuring your bike could
well mean that it would be well worth your while to consult a specialist
motor bike insurance broker. There are many extremely useful online
websites that will be able to provide you with all the details that
you need to know - Happy biking. |
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