Explaining insurance to the motorcycle industry and the customer

If you own, operate, or sell motorcycles, you should be aware of insurance protection.

Manufacturers and dealers, as well as riders themselves, need to become familiar with the associated risks and provide customized coverage that protects them from the variables. This overview will simplify the basics of the separate class of insurance.

Motorcycle insurance for owner and driver

In general, most standard automobile and personal liability plans do not include motorcycle insurance. That is why insurance coverage explicitly intended for motorcycles, scooters, motorbikes and the like is mandatory for those who own and drive them. The coverage protects against the liability of the owner or operator if bodily injury or damage to the property of a third party occurs. In most cases, insurance companies that provide motorcycle insurance include physical damage coverage for fire, theft, comprehensive, and collision policies. Associated quotes are generally established through cubic centimeter measurements of engine displacement.

Those companies that offer motorcycle insurance also recommend uninsured motorist coverage as a supplemental coverage to the liability policy. There are those that feature the option of medical payments as well as passenger liability coverage.

Insurance of manufacturing and custom manufacturing of motorcycles and motorcycles

Due to the growing popularity of motorcycle customization, many companies are dealing with original detailing, frame modifications, and engine variation. This, of course, lends itself to different forms of liability exposure for custom motorcycle designers, fabricators, fabricators, and service or repair shops.

The related policies incorporate the following coverage:

• General Civil Liability Insurance

• Coverage of Products and Operations Performed

• Civil Liability Insurance for Garages

• Business personal property insurance, of which theft coverage is part of

Motorcycle and Motorbike Dealers Insurance

This type of insurance is usually provided on a modified automobile dealers liability form, a form that is tailored specifically to the needs of the motorcycle dealer.

There are two different coverages:

1. A policy that includes premises liability for sales operations with respect to the service or repair of customers’ motorcycles.

2. A policy that includes coverage protection for customers’ motorcycles for as long as they are stored in the dealers’ repair shop. This type of plan is similar to a garage attendant’s liability insurance policy.

Supplemental physical damage insurance from dealers protects motorcycles in storage waiting to be sold and includes coverage for risks such as fire, theft, collision, vandalism, riot and other specified risk exposures.