Bike riding can be so much fun; however, one is more exposed and prone to accidents compared to other automobile users. Therefore, in addition to protective gear, you ought to have the right insurance cover.
Several companies in Australia sell motorbike insurance. This is good for consumers since prices are competitive. But, it also poses a challenge; finding the right policy for your needs can be quite daunting as you have to go through piles of policies from different companies. With the right information, however, the task can be simpler and fun too.
There are at least three types of motorbike insurance Australia. These are comprehensive insurance, third party fire and theft and third party liability. As the name suggests, comprehensive insurance covers all other possible damage scenarios such as storm and flood damage cases. Third party fire and theft cater for instances of theft, fire and any third party damages. And finally, third party liability covers only those damages you cause to a third party.
The kind of insurance you take often depends on your budget and the costs of the bike. That said, a good policy should include coverage for legal liability, fire and theft without an extra charge. It is also essential that you read and understand the product disclosure statement that comes with your policy as well.
Bikers in Australia are categorized according to their licenses. The main license categories are R/provisional/open license and the learners/RE license. Each license has some restrictions in term of the engine capacity of the bikes that holders can ride. Likewise, the kind of insurance you take out will vary depending on your license.
There is no knowing what your bike will need after an accident. Therefore, it is crucial that you consider the ‘extras’ option, as well. This option will cover you in case you need any additional items for your bike. The choice includes things such as helmet cover, riding bags and gear and replacement cover.