With the increasing sale as well cases of theft and accident of two-wheelers around the world, motorcycle insurance has also been an important component of insurance industry in modern times. There are various types of motorcycle (and other forms of two-wheeler like scooters and mopeds) insurance policy:
• Insurance covering the rider (it allows one to ride any motorcycle up to a particular size)
• Insurance covering a certain bike , and not the rider
• Insurance for third party only (in case someone other than the insured and the insurer is involved in a case accident leading to damage of the insured's vehicle)
• Third party fire and theft insurance
• Comprehensive insurance (covering third party, fire and theft insurance apart from damage caused)
Premium:
The market for motorcycle insurance is mainly dominated by third party, fire and theft. Comprehensive cover is not always financially viable as it can cost almost as much as the bike itself. However, motorcyclists can cut premiums by:
• Undergoing advanced training course.
• Garaging the bike properly and fitting approved alarms.
• By refusing to take pillion passengers and by limiting mileage earning ‘ No Claims Bonus '.
Some motorcycle insurance agencies are:
- Bennetts Motorcycle Insurance (policies include Breakdown Cover, Personal Accident Cover, Legal Expenses Cover, offers for Women Bikers, Competitive Cover On Scooters, Lower Prices For Those Over 25)
[Contact: Customer Services (0870 333 0008), Bennetts Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS, Web site: bennetts.co.uk]
- Budget Motorcycle Insurance ( Call: 0800 107 7998, Monday-Friday: 8am-9pm, Saturday: 9am-5pm, Sunday: 10am-4pm) [Address: Peterborough Head Office, Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS]
- ICICI Lombard (offers Loss or damage to vehicle caused by natural calamities or man made calamities, personal accident cover, third party legal liability) [Contact e-mail id: insuranceonline@icicilombard.com]
- Devitt Motorcycle Insurance [Phone: 0800 015 7535 (claims), 0845 300 4870 (customer service), Address: Devitt Insurance Services Limited, North House, St Edwards Way, Romford, Essex, RM1 3PP (Romford Office) and Giles Place, 31 Princes Street, Ipswich, IP1 1PU (Ipswich Office)]
- Direct Choice Motorcycle Insurance [Phone: 0844 836 1372 (Admin), 0844 836 1399 (Claims), 0844 836 1304 (Renewals), Email: admin@directchoice.co.uk , Fax: 01638 661629, Address: Direct Choice, New Market, Suffolk, CB8 9FT]
• Adrian Flux Insurance [ Call: 08700 771377, Fax: 01553 841962, Address: Bikesure Insurance, Adrian Flux Insurance, East Winch Hall, East Winch, King's Lynn, Norfolk, PE32 1HN]
For more information on Motorcycle Insurance, please refer to www.mapsofworld.com .
