If you own a motorcycle, you should not take it for granted a good insurance for you and your bicycle. And these are just a few of the many insurance you can choose. But let's start with the basic ones. There are third party insurance, classic car insurance, old car insurance, comprehensive motorcycle insurance.
Third party insurance (Real estate insurance) - This type of motorcycle insurance covers only the person you damaged or its property or vehicle. I do not cover your bike as well as your insurance.
If you are registered with ACT, it is essential to provide third party insurance against people and property that could damage while driving a bicycle.
Classic insurance - If you have a bike more than 10 years ago, please use this kind of insurance. This is perfect for motorcycle owners who just use motorcycles like hobbies and clubs.
General insurance - Comprehensive insurance provides comprehensive insurance for you. It covers damages you may possibly give to others' property or vehicles, including covering bicycle insurance. If you own a scooter, you can also use one of these insurance.
In most cases, riders tend to have a comprehensive type of insurance. You can choose your favorite coverage. It depends on your preferences and the money you can throw away for your protection.
Comprehensive insurance coverage
Probably the company you are registered will pay for the accident. This includes, but is not limited to: We provide payment based on the price and market price agreed for your motorcycle. It provides a protection policy for other costs, it also covers the cost of lock replacement or repair.
The responsibilities provided by the comprehensive motorcycle insurance package will include a wide range for both you and those involved in the accident. It includes:
- Cost of damages and payment
- Legal fee
- Cost to your employer
- Wage loss
- Medical bills
In addition to accidents, a comprehensive plan covers other forms of property damage such as theft, exchange of limited parts when parts are needed, towing, and even natural disasters.
The only drawback is that most insurance companies do not respect your insurance when accidents or damage occur outside of the country. They will not cover for mechanical failure as well.
