Theft insurance

If someone steals your bike, you get:

Replacement of your bike
If your bike is:

• stolen and not found, or found but not repairable and
• it’s less than one year old and you bought it new, we’ll replace your bike (with the ok of your lender if you purchased it on finance). We’ll also pay all on-road costs.If it’s more than one year old we will pay you the amount shown on your insurance certificate.

Or we’ll make it just like it used to be
If your bike is recovered and damage caused by the bike’s theft can be fixed, we’ll pay to get it repaired up to the sum insured shown on your insurance certificate. However, we’ll only pay what our assessor thinks we should pay, and you’ve got to get a quote. If your bike can’t be ridden, we’ll get it towed (at our expense) and get the quotes for you.

Modifications are included
If we agree, non-standard mods to your bike can also be covered for theft (check the amount of cover for modifications shown on your insurance certificate, and raise it if need be - it’s better to be safe than sorry).

^ Back to Top ^

Third party insurance

If your bike causes damage to someone else’s property;

What’s the damage?
We’ll pay up to $20million, for damage to someone else’s property. We’ll come to the party if damage is caused by your bike and, where you, or someone you let ride it, is found to be at fault.

Warning! There’s no cover if the rider of your bike has been refused car or bike insurance. There’s no cover for damage you, or someone you let ride your bike does to their own property. That’s a lawyer’s way of saying, “If you own it, and you wreck it - you pay for it”.

And something for you too!
We’ll pay up to $3000 for damage to your bike if we think the accident was caused by an uninsured driver/rider who’s not related to you and doesn’t live with you.

^ Back to Top ^

You modify your bike; why not modify your insurance?

Here are some ‘value added’ options

Your gear
Cover for riding gear is also available. Cover can be bought in units of $1000 up to a total of $5000, and includes cover for leathers, boots, helmet and guards, if they get stolen or damaged in activity associated with use of your bike. A limit of $2000 applies for any single item under this section.

Cover is only provided if your riding gear was damaged or stolen while you were riding your bike or while they were stored in a secured storage compartment on your bike.

Your personal valuables
We can arrange to cover your personal valuables, such as sunglasses, MP3 players etc. Cover up to $2000 can be purchased in units of $1000, but remember, the higher the sums insured, the higher your premium. A limit of $1000 applies for any single item under this section Cover is only provided if your personal valuables were stolen or damaged while you were riding your bike or while they were stored in a secured storage compartment on your bike.

^ Back to Top ^

The ‘not so fine’ print

These apply to all covers.

• Your bike is only covered for private use. InsureMyRide doesn’t cover bikes for business use - sorry couriers!
• You might have to pay an excess if you make a claim under the policy. For more info about this, see the excess details.
• Other conditions and exclusions apply (yes, even when it comes to the nicest insurers!).

Please read the policy wording carefully, so you know where you stand if you ever have to make a claim.