Motorbike cover can be an important addition to your Motor Trade Insurance policy. Here are some reasons why this add on may help your business.
If you have held a full bike licence one year or longer and you have a trade policy then you should be able to add this cover. It can generally be added for a relatively cheap sum.
Some policies will give you cover equivalent to that you already have whilst others may only grant Third Party Only for bike cover - but if you need to tax or drive a bike then it is still useful.
Just as there are different levels of cover insurers are willing to grant so also can there be different types of bike they will cover you on. This is a very important point to remember so please ask your insurance broker exactly what you are or are not covered for. Eg some insurers will cover you on any cc engine size while others will impose limits. These can be up to 250cc, 600cc, no engine size restriction, and to include superbikes but to name a few.
As a general rule quad bikes are not automatically covered when you purchase bike cover again it is worth asking your broker if it can be added if you require it. Trikes can also be a problem on some policies and you may find you need a more specialist (and yes expensive!) policy.
Motor bike cover can be added onto your policy from 100 up. It's worth considering if you deal with bikes in your motor trade or even if you just want your own bike covering. However, please remember that if it is just for your own bike you will only get trade value in the event of an incident.
So, if you thought a Motor Trade Insurance policy only covered cars and vans I hope that this short summary opens your eyes to the benefits of bike cover. If you require any information on this or any other motor trade issue please feel free to contact our helpful staff for advice.