You just bought a brand-new bike. Not strange, since they are generally less expensive than cars and are easy to drive in a busy city. You have started to think about getting protection for your scooter. You’re not sure if you really need to get your scooter insured. Now you’re not sure if you have to get your scooter insured at all.
Does a bike have to have insurance?
If you have a bike and want to ride it, you have to follow the laws and rules. One of these rules says you can’t drive a car on the street if you don’t have insurance. Also, this is true for your bike. Don’t know what protection you have to have? Or what kinds of insurance are available? Then we’ll give you a short explanation.
Only third-party protection has to be bought?
First, there is protection for people other than yourself. This is the first insurance you can get, and it’s the only one you have to have by law. You can’t drive your scooter if you don’t have this insurance. Are you pulled over for not having third-party insurance? Then you will have to pay a set fine and get off right away. You will then have to find another way to get home, or you will have to walk home.
Third-party insurance is required because it pays for any damage you cause to someone else. For instance, have you hit a car? Then, if the car gets damaged, this insurance will pay for it. Third-party insurance, on the other hand, does not cover damage to your scooter.
Scooter insurance is required by law
Theft and fire damage caused by someone else
This insurance covers the same things as third-party insurance, but it also includes two extra parts. That is loss from theft or fire. But there are a few things that need to happen first. To stop theft, you have to take care of your own things. You need the right locks, and you can’t just leave your scooter alone. Did you do this? If that happens, your insurance company might not pay out.
Theft, Fire, and Crash
Theft, Fire, and Collision Insurance cover damage to your own scooter as well as damage to other people, theft, and fire. The cost of this protection is the biggest. The main thing that affects how much this bonus is is how much your scooter is worth. Most of the time, this protection is only bought for bikes that are still new and worth a lot.