There are many benefits to stretching beyond the minimal required insurance for your motorbike and opting for Comprehensive Motorcycle Insurance instead. Whilst it costs a little more, the additional coverage you receive with a comprehensive policy, as well as the extra perks, makes it well-worth the investment.
Below, we’ll run through 6 key reasons why Comprehensive Motorcycle Insurance is superior to other, more limited, types of cover. (Note that the benefits we mention below apply when claims are approved.)
1. You’re covered for accidental damage to your bike
Riding a motorbike has inherent risks and accidents happen. The last thing you want to worry about in this event is having to fund your bike repair or replacement costs.
Third Party Liability or Third Party Fire and Theft policies generally won’t cover you if your bike is damaged in an accident, whereas a comprehensive motorcycle insurance policy should cover you for accidental damage to your bike—even if you are at fault.
If someone else was at fault, and you didn’t have accidental damage cover, you would have to rely on chasing up the other party’s insurer to get a payment, assuming they have insurance at all. It’s a risk you may not want to take. Having insurance for accidental damage means you’re covered either way.
2. You’re offered New for Old replacement
Swann’s comprehensive cover includes new motorcycle replacement, which means that if your motorbike is less than 2 years old, we’ll replace it with a new one, if a replacement can be locally sourced
Swann’s comprehensive cover includes new motorcycle replacement, which means that if your motorbike is less than 2 years old, we’ll replace it with a new one, if a replacement can be locally sourced.
3. You’re covered for fire, flood, storm and cyclone
Such events sound unlikely, but hey, we live in Australia, and natural disasters aren’t foreign to us. It makes sense to ensure your bike is covered for these potential events.
Many motorbike insurance policies will cover fire, but not flood, storms and cyclones. They also may not include extras that help you get through such events more comfortably.
With Swann, we make things more manageable for you in these circumstances. Our comprehensive motorbike insurance covers emergency repairs and expenses for your damaged bike, and helps you out if your bike is burnt more than 100 kilometres from your home, by reimbursing you up to $500 for emergency accommodation or travelling and rental car expenses you’ve had to pay to get home.
4. You’re covered for malicious damage
Many of the more limited insurance policies out there will cover your bike in the uncommon event of a fire, but not for the more common event of your bike being purposely damaged.
It can be pretty frustrating when, as a rider, you have to deal with your bike being damaged by a malicious act, such as having your tyres slashed, or mirrors broken or twisted off.
That’s why it’s a good idea to choose a comprehensive policy cover for malicious damage. With coverage, you can comfortably leave your bike unattended, because you know you’re covered if someone else does something nasty. (Swann Insurance’s Comprehensive Motorcycle Insurance includes cover for malicious damage.)
5. Hire care in case of theft
Also, every comprehensive motorcycle insurance policy worth its salt should include theft cover. Swann’s comprehensive cover includes cover for theft, and we additionally pay for the costs of hiring a car for up to 15 days, so you’re not left without a ride.
6. You’re covered for Additional Rider Protection
Having the flexibility to allow a friend to ride your bike, knowing it will still be covered if something goes wrong, is a relief. That’s why a comprehensive motorcycle insurance policy is a great idea.
With Swann Insurance’s Comprehensive Motorcycle Insurance, you don’t need to name additional riders on your policy. You can let anyone ride your bike as long as they are licensed to ride a motorbike of that power in Australia, your bike will be covered in the event of an accident.
The above are merely 6 great reasons to have comprehensive motorcycle insurance, but the reasons don’t stop there!
Swann Insurance’s Comprehensive Motorcycle Insurance includes additional benefits like optional trailer cover to $1000, key and lock cover to $2000, towing and clean up costs, multi-bike policy discounts, $500 motorcycle return cover if your bike is damaged more than 100km from your home, and even more.