If the accident was your fault, maybe because you misjudged a corner or it was caused by something like slipping on ice, wet leaves or diesel, then your third party fire and theft motorcycle insurance will cover damage to the other party’s vehicle or health, but not to yours.If you have an accident where there isn’t another party who is clearly responsible, third party fire and theft insurance doesn’t cover the cost of fixing your bike, repairing your injuries or any loss of earnings.
Motorbike fire and theft insurance is one of two third party policies. The other is third party only which is the most basic one. Neither cover you if you have an accident although they do provide cover for anyone else involved. Comprehensive offers everything third party does while also covering you for any accidents, whether they are your fault or not and even if it doesn’t involve anyone else at all.
● Third party only: This type of policy only covers losses to other parties involved in the accident (if the accident was your fault) and doesn’t cover loss or damage to your motorcycle from theft, attempted theft or fire.
● Third party fire and theft: This provides the same cover as third party only but also covers you should your bike be stolen, damaged while a theft is attempted or if it catches on fire.
● Comprehensive: This cover will repair damage or replace your motorbike or scooter if you have an accident that is your fault or when no other party is involved.
Several factors can affect the price of your third party fire and theft insurance. This includes your age – those under 25 often pay more because younger riders are more likely to make a claim.
If you have previously made a claim, even if that is on car insurance, you could find that you will have to pay slightly more. Likewise, those with bigger and more powerful motorbikes may have higher costs. This is relevant if you are looking at moped or scooter fire and theft insurance too. Get a quote and you’ll find out exactly what you’ll be paying.
Not necessarily, you won’t always save money buying third party fire and theft motorcycle insurance. Sometimes, you can save money by taking out comprehensive insurance cover.
Insurance premiums are built from a person’s risk profile and so if you are a low risk then you won’t pay that much more for comprehensive motorcycle insurance than for third party fire and theft, and in fact sometimes it may save you money. That’s why it could be cheaper to deal directly with a broker instead of a comparison site because you get a tailored quote based on a broader set of questions and data. Further information around how motorcycle insurance is calculated is available.
So, why Bennetts? Well, not only do we search to find the very best deal for you, we are also at the end of the phone every day of the week, including Sundays and bank holidays, so you can always get the answer to your questions and queries. Our claims department can be contacted 24 hours a day, so you get the help you need as soon as you need it.
On top of that, we provide cover within the European Union for up to 90 days and for riding other bikes (subject to conditions). Ideal if you regularly travel for motorbike tours abroad.