Whether you are riding your motorbike for fun, traveling or at a sporting event, it is always a legal requirement in most countries that you have some form of motorbike insurance. This is because there are many risks associated with motorbike riding. Some of the risks include the possibility of being involved in an accident and injuring yourself, damaging your motorbike, damaging any other property that may not be yours or injuring other road users. These risks have to be insured against. However careful you may be, other road users may also put you at risk. There are also other risks such as theft of your motorbike or a natural occurrence such hurricanes which may also lead to great losses.
There are many motorbike insurance policies provided by different insurance companies, we would personally recommend motorbike insurance from Swann. Some of the more important points of having motorbike insurance include:
COMPLIANCE WITH THE LAW.
Being caught on the road with a motorbike without proper and valid insurance cover by the road safety authorities is not only illegal but may also lead to you wasting money and time in court processes. It can also lead to conviction depending on the gravity of the offense committed. To avoid these kinds of inconveniences, it is imperative to have a motorbike insurance cover.
PAYMENT OF MEDICAL BILLS IN CASE OF AN ACCIDENT.
There may be an unfortunate scenario when you are involved in an accident. The injuries may be very expensive to treat. It during such times that motorbike insurance may come in and foot the medical bill on your behalf where you have taken that particular cover. This saves you from the struggles you may have to go through to raise funds for medical bills. You are thus able to be treated fast as possible so that you can carry on with your normal daily activities.
COMPENSATION FOR THE DAMAGED MOTORBIKE.
The motorbike may be your source of income or your means of travel to your place of work. Damage to it as a result of an accident may be a very big inconvenience to you. Getting money to purchase another one immediately may also not be easy for you. A motorbike compensation cover ensures that the insurance company covers the cost of repair or purchase of a new one in case the old one is written off. You can thus be able to conveniently carry on with your income generating activities.
PROVIDES A SENSE OF SECURITY.
You cannot rule out the chances of your motorbike being stolen from you. There may also be cases when events like floods may take you motorbike away from you. Having a motorbike insurance gives you the confidence that in case such events take place, you can be compensated. This gives you a great sense of security and peace of mind.
HELP IN COMPENSATING THIRD PARTIES.
In the unfortunate event of a motorbike accident, you may damage another person’s property or cause bodily injuries to another road user. Those involved have to be compensated. This may be very expensive if you have to do it yourself. Be sure to have the appropriate motorbike insurance, always.