Main forms of insurance:
Third party. Only covers you if you damage others. You are not covered for damage toyourself/your bike.
Third Party Fire & Theft. In addition to the above, damage to your own bike through fire or loss through theft are also covered.
Comprehensive. Covers all the above and damage to your own bike by another, whoever was at fault.
NB: Accessories such as top-boxes are not covered under every insurance policy. Always check with the policy issuer exactly what is covered.
Legal Expenses Insurance LEI covers the cost of pursuing losses because of accidents that were not your fault. It will cover claiming compensation for injury, damage to your motorcycle and uninsured losses such as your policy excess, motorcycle hire and replacement motorcycle helmet and kit., there are two options:
There is an ongoing duty to disclose any relevant information to the insurer, failure to do so can invalidate the insurance policy; examples include:
Penalties for riding uninsured:
Insurance policy: A legally binding agreement between you and the insurer.
Premium: The amount you pay for the agreed cover set out in the policy.
Excess: The amount the insurer may require the insured to pay in the event of a claim. This may be an agreed amount with the insurer in return for a smaller premium.
Insurance certificate: The official document required for legal purposes.
Cover note: A provisional and temporary document received on insuring. The cover may not be as extensive as the full policy.
Useful links: Drink Driving Motor Insurers Bureau