If your insurance certificate states you’ve purchased comprehensive insurance, this section tells you what’s covered and what’s not covered under your policy.
Damage to your bike
What IS covered
What’s NOT covered
A. Damage to your bike
Total loss
If your bike’s stolen and not recovered, we’ll pay you the ‘sum insured shown on your insurance certificate’. If your bike is so badly damaged the repair and salvage costs are likely to be more than the market value of your bike, we’ll pay you the ‘sum insured shown on your insurance certificate’. If any finance is still owing on the bike, we’ll pay out the lender first and then pay you the balance.
If the bike is a total loss within one year of its first registration and you are the first registered owner, we’ll replace it with a new bike of the same make and model. This includes similar accessories, tools and spare parts, and we’ll pay delivery and on road costs too. If your bike’s to be replaced, you must obtain the consent of your financier, if applicable.
Loss or damage in excess of the ‘sum insured shown on your insurance certificate’. Loss or damage to accessories and mods for any amount higher than the value shown on your insurance certificate.
Loss of use, depreciation, wear and tear, corrosion or structural, mechanical, electrical breakdown or failure.
Tyre damage caused through heavy braking, cuts or punctures.
Theft of the bike after an accident, unless you’ve taken reasonable steps to secure it.
Partial loss or damage
We’ll cover you against loss or damage to your bike. We have the option of either paying you the amount of your loss or of having your bike repaired. We will decide how your bike is repaired. We will pay up to the sum insured shown on your insurance certificate in line with the costs agreed by our assessor. We can replace damaged parts with new or second hand parts providing they are of a similar condition to those being replaced.
For either total or partial loss, listed modifications will also be covered for the relevant amount.
B. Additional benefits
What IS covered
Towing costs
We’ll pay for reasonable costs of towing your bike to a repairer or safe place, if your bike can’t be ridden.
‘Get home’ expenses
If you can’t ride your bike because of an accident or theft, we’ll pay reasonable costs (up to a total of $200) to get you and your pillion to your home or destination.
In addition, if you are more than 150km from your home, we’ll pay accommodation costs (up to a total of $200).
Bike change over
If you sell your current bike, we’ll automatically cover any replacement bike for not more than 14 days from the date you sold your bike.
Personal valuables If you’ve selected this cover, your personal valuables are covered if they were stolen or damaged while you were riding your bike or while they were stored in a secure storage compartment on your bike.
We won’t pay more than the amount shown on your insurance certificate.
We won’t pay more than $1000 for any single item.
We will not pay for wear and tear, or damage associated with normal reasonable use.
Personal valuables are not covered when away from your bike.
Riding gear
If you’ve selected this cover we’ll cover your riding gear up to the amount shown on your insurance certificate.
If a pillion is involved in the accident, we’ll cover their gear too.
InsureMyRide reserves the right to keep the damaged items that have been replaced under this section of the policy.
Cover is only provided if your riding gear was stolen or damaged while you were riding your bike or while it was stored in a secured storage compartment on your bike.
We won’t pay more than the amount shown on your insurance certificate.
We won’t pay more than $2000 for any single item.
We will not pay for wear and tear, or damage associated with normal reasonable use.
Riding gear is not covered when away from your bike.
Training courses Your policy covers you for an approved rider training course where an instructor is present.
Cover won’t be provided if such a course comes under the jurisdiction of Motorcycling Australia (MA), the Confederation of Australian Motor Sport (CAMS), or any other motor sport governing body, or where there are no designated instructors in attendance.
We won’t cover unapproved training courses. A list of approved training courses can be found at InsureMyRide.com.au
Trailer Cover We’ll pay you for loss or damage to your trailer (up to $750) when it is being towed by your bike.
The contents of your trailer.
Locks and Keys Cover If your bike keys have been stolen and you have reported this to the policy, we will pay for the replacement of your keys and the necessary recoding of your bike locks.
We won’t pay more than $1500.
Legal liability
What IS covered
What’s NOT covered
Legal liability to third parties for property damage If the accident is your fault, we’ll cover you for damage to someone else’s property caused by:
- the use of your bike.
An amount more than $20 million (exclusive of legal costs)
Liability for death or injury to you, your partner or anyone else.
Legal costs We’ll pay all your legal costs incurred, with our written consent, in defending any legal action brought against you.
Any penalties or fines or any punitive, aggravated or exemplary damages.
In this section cover is extended to:
- Anyone listed on your insurance certificate, or anyone riding the bike with your consent
We will not cover any rider who has been refused car or bike insurance.
