Explain insurance to the motorcycle industry and customer

If you own, ride or sell motorcycles, you should be aware of foreclosure insurance.

Manufacturers and dealers, as well as the riders themselves, should be aware of the associated risks and purchase bespoke coverage that protects them from the variables. This overview simplifies the basics of a separate insurance class.

Motorcycle insurance for the owner and rider

In general, most standard auto and personal liability plans do not include motorcycle insurance. It is for this reason that insurance coverage expressly intended for motorcycles, scooters, motorbikes and similar motorcycles is required for those who own and ride them. Coverage protects against liability of the owner or operator if bodily injury or property damage occurs to a third party. In most cases, insurance companies that offer motorcycle insurance cover physical damage for fire, theft, hull and collision. Associated quotes are generally determined through measurements of cubic centimeters of engine displacement.

The companies that offer motorcycle insurance also recommend uninsured motorist cover as an additional cover to the liability policy. There are some that offer the option of medical payments and passenger liability coverage.

Custom motorcycle and motorcycle manufacturing and manufacturing

Due to the increased popularity of customizing motorcycles, many companies are dealing with original details, frame modifications and engine variations. This, of course, lends itself to various forms of liability exposure for the custom bike designers, manufacturers, manufacturers, and service or motorcycle repair shops.

Related policies include the following coverages:

• General liability insurance
• Coverage of products and completed operations
• Garage Owners Public Liability Insurance
• Commercial Contents Insurance – of which Theft Cover is a part

Insurance motorcycle and motorcycle dealers

This type of insurance is generally offered on a custom auto dealer liability form – one that is specifically customized for the motorcycle dealer’s needs.

There are two different coverages:

1. A policy that includes local liability for sales operations related to the maintenance or repair of customer motorcycles.

2. A policy that covers customers’ motorcycles while they are in the dealer’s repair shop. This type of plan is similar to a garage owner’s public liability insurance.

Dealers’ additional physical damage insurance protects parked motorcycles waiting to be sold and includes coverage for risks such as fire, theft, collision, vandalism, riot and other specified risks.