Motorbike Insurance Jargon Buster

• Approved Repairer

  Your insurance company will work with a network of garages that they have approved to carry out work on your motorbike on their behalf.

• Bike Insurance

  Bike insurance covers a range of 2 wheel vehicles including scooters, mopeds, motorbikes and performance/sports bikes. Some insurance policies are also available for high end bicycles.

• Certificate of Insurance

  This piece of paper is issued by your insurance company and proves you have valid insurance cover for a 12 month period of time. You will need this document if you are involved in an accident or when you are taxing your motorbike.

• Comprehensive Insurance

  This is the highest level of motorbike insurance available in the UK. This type of policy includes third party insurance and insurance for your own bike. So even if you are the cause of an accident you will be fully covered by a comprehensive insurance policy.

• Excess

  Excess is the amount of money you are required to pay for a claim with the balance being paid by the insurer. Most insurance policies have some sort of compulsory excess to discourage small claims from consumers.

• No Claims Discount

  If you don’t make a claim on your insurance policy you are entitled to a discount on the next year’s cost. Over a number of years, this discount builds up allowing you to enjoy cheaper premiums. It is a bonus designed to encourage and reward good driving.

• Premium

  This is the cost of the insurance policy and is usually paid 12 months in advance or on a monthly basis. Annual premiums usually work out cheaper than monthly premiums.

• Third Party Insurance

  This is the minimum amount of insurance required by law. This type of policy will cover injuries to other people, damage to other peoples cars/bikes and accidents caused by drivers names on your policy.

• Third Party Fire & Theft

  This type of insurance policy offers protection for fire damage and theft (assuming you were not the cause) as well as third-party coverage.