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Insurance
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This
is an Insurance article by an independent author and jml
Insurance takes no responsibility for its accuracy or content Motorbikes
-- Take Cover By Michael
Challiner As
summer draws to a close, around 10,000 UK bikers start to think about laying up
their motor bikes for the winter months. From the end of October through until
Easter, the thought of motor biking is not so appealing and there is little point
in taxing and insuring the bike. Bikes are winterised and stored away at the back
of the garage awaiting the better weather. Sadly, thieves are aware of this and
so some 600 bikes are stolen every month. Obviously
if you have totally cancelled your policy you will be unable to claim for this
theft. You can, however, reduce the cover to a minimum for fire and theft and
this is worth considering. If
you’re more used to insuring cars than motor bikes, you’ll find some of the features
of bike insurance very odd. For instance, it’s not possible to accumulate bonuses
over time, as with a car. Occasionally you may find an insurer who will give you
some discount if you don’t claim for a certain period with the same insurer, but
this is not the norm. There
are various policies. Specified Bike Policy, Specified Rider Policy, Comprehensive
and Third Party Insurance. With a specified bike policy you are covering the bike
and not the rider. This means you could insure a number of riders on the same
bike. A
specified rider policy covers the rider, but not the bike. This means the rider
is covered on any motor bike up to the size specified on the policy. Comprehensive
and third party insurance are more familiar terms. Comprehensive is the most expensive.
Apart from paying for repairs to the bike in the case of accidental damage, it
may offer some extras such as breakdown cover. In the event of a claim, you will
only pay the excess as stated on the policy. With third party you simply buy the
minimum legal insurance. This means you are covered for any property you may damage
or people you might injure. You would not be reimbursed for your bike or anything
else and an excess would still be payable. Third party is the cheapest form of
insurance. Younger
riders will be charged higher premiums for their policies due to their inexperience
and the increased risk of motor cycling. There is a frighteningly high accident
rate and statistics tell us they are much more likely to be involved in an accident
than more mature riders. Damage caused to themselves is often costly and lifelong. The
more hours spent on the road, the higher the risk and riders using their bikes
to travel from one location to another as far as their work is involved will be
likely to be charged higher premiums. Claims made in recent years for driving-related
accidents will have an adverse effect on your premium too. Other
factors that will influence the premium will be the power and make of the bike.
There are some very expensive bikes around and obviously this will mean a higher
premium will be charged. If you have any penalties for speeding or dangerous driving
your premium will rise and if you were to be disqualified for a length of time,
insurance would be extremely expensive when your licence was re-instated. To
try and get the cost of premiums down, consider security devices such as immobilisers,
alarms and steering locks. It may also be possible to get discounts for any training
courses you have completed. Be
completely honest with your insurance company. Failure to disclose something which
the company later discovers can invalidate your insurance. Not only would you
not receive payment for any claim, but you could be prosecuted for driving without
insurance. An
internet broker will be able to offer you plenty of advice when it comes to choosing
an insurer. They’ll find a choice of policies to suit your circumstances and their
experience will be invaluable. There are internet-only deals and discounts which
they’ll be able to offer too. Keep
insured and safe. Car
Insurance Smasher is a large car
insurance Cover website. Article
Source: http://EzineArticles.com/?expert=Michael_Challiner The
information supplied on this page is by a third party and jml Property Services
do not take any responsibility to its accuracy ©jmlpropertyservices 11/06
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