motorcycle news - Tuesday 16th March 2010
The latest motorcycle and insurance news from Wicked Quotes - the award winning motorcycle insurance specialist
Multi Bike Insurance
If you own more than one motorcycle then you should seriously consider a multi-bike insurance policy. When setup correctly it will save you time, money and offer more flexibility than separate insurances. However, not all insurers offer this type of motorcycle insurance and it is imperative that you carefully check their terms and conditions.
The best way to insure more than one bike is to ask a specialist motorcycle insurance broker … Wicked Quotes. We can offer quotes from different insurance companies to best suit your needs. Some insurers will only allow one rider (the proposer), who must also be the registered owner of all the motorcycles. This means that having additional riders added for short periods will raise the cost of the insurance and incur administration charges.
Need flexible motorcycle insurance? Click here multi bike insurance …
Only a select few insurers will allow multiple named drivers on a multi bike insurance policy and this will be more than a single rider multi bike policy. However, it will still be cheaper than separate motorcycle insurances and will require less administration.
A word of caution though … this type of motorcycle insurance should not be seen as a method to gain insurance for someone who has adverse riding experience or demerit points on their license. Motorcycle underwriters carefully consider all the named riders on a multi bike insurance proposal and rate according to the weakest link.
In the good old days Norwich Union offered a "Rider Policy" - which allowed you to ride any legally registered machine if you had the owner's permission. Unfortunately, the best you can hope to get these days is an extension to your motorcycle insurance policy that allows you to Ride Other Motorcycles; but this will only cover you any Third Party Claims or Injury and not for any damage to the motorcycle you are riding.
Another alternative way of insuring a number of bikes owned by the same person may be to look at fleet insurance cover. This type of insurance is not solely available to couriers or businesses, bike collectors can also be offered low cost fleet insurance for their machines, but again the more people who are able to ride them the higher the premiums will be, to have a bike insured for any rider is the most expensive option.
We always recommended you look for multi bike insurance from a company who have dedicated advisors who can talk you through the various available options. Getting an estimate online is one thing; but finding you're not covered in the event of a claim can be disastrous.
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To speak to an experienced motorcycle insurance advisor call 0844 8800 962
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