You need the right type insurance for your S1000RR
BMW Motorbike Insurance is available in three varieties from 3rd party, fire and theft and fully comprehensive. Whilst we know that your individual budget will usually determine the level of insurance finally purchased, choosing an inadequate insurance policy can be a false economy should the worst happen.
In the UK the minimum requirement is to take out 3rd party insurance however this only protects other road users. That means that you would be liable for all the costs associated with your bike in an accident. The same is true that if your bike were to be stolen or destroyed by fire you would have to cover this cost. That said for those on a strict budget 3rd party insurance is the most cost effective way to get bike cover. It can however be a false economy as bills associated with repairs can soon spiral. In general, a policy will normally only cover the following:
○ Third party injuries
○ Third party death
○ Third party property damage
○ Emergency hospital treatment
○ Passenger negligence
○ Manslaughter defense
A better option for those who are budget constrained is 3rd party fire and Theft. These policies will also protect against damage caused by fire, theft, lightening strikes or explosions, even if caused by faulty wiring or electrical faults. It is always worth checking policy specifics as insurance companies often offer different levels of cover.
○ Theft of vehicle and damage caused whilst stolen
○ Damage caused by attempted theft
For the best protection fully comprehensive BMW Motorbike insurance includes all the benefits of third party fire and theft but adds protection for your bike in the event of an accident, paying for repairs regardless of who caused the accident. Normally this is subject to an excess – as usual you can normally opt to pay more for your policy in order to waive the excess or offer to pay a higher excess when buying your insurance to lower your premiums – what you choose obviously depends on the level of risk you are prepared to accept.
When you make your final decision on which policy offers the best value BMW Motorbike insurance it is worth including the cost of vehicle recovery, replacement vehicle and repairs as many policies offering the lower levels of protection can leave you liable for hefty bills should the worst happen.