You’ve bought your first motorbike, and you’re ready to hit the road and show it off – but before you do, make sure you’ve taken out bike insurance. It’s normal to want to start revving straight away, but it’s crucial to have comprehensive motorbike insurance, just in case.
Compendium’s bike insurance is specially designed for motorbike enthusiasts. Designed in conjunction with bike owners, our policy covers you for the things you really need, offering flexible and affordable cover, so that you can get the perfect policy for you. Compendium motorbike insurance also covers motor scooters, quad bikes and mopeds, so however you like to roll, we’ll provide the right cover to keep you and your bike safe.
From mountains to beaches, Compendium bike insurance has you covered.
What level of bike cover do you want?
Compendium’s bike cover is available at three different levels, much like car insurance. You can take out Comprehensive Cover, Third Party Fire & Theft, or the most limited, Third Party cover. As the most basic policy, Third Party does not cover your own loss, but will compensate third parties if you’re in an accident. Third Party insurance is best if your bike is worth very little, and if you could afford to replace it if it was damaged.
Third Party Fire and Theft will provide compensation if your bike is stolen or damaged in a fire, but won’t cover you if you’re in an accident of your own making. With both Third Party and Third Party Fire & Theft, you will be able to claim against the other party’s insurance for damages, if you’re in an accident that is their fault.
Comprehensive is the most thorough of all the insurance policies. Unlike the other policies, you’re covered even if the accident is your fault, and are insured against a broad range of accidents and incidents. You can even get extended health cover, so why not speak to one of our brokers on 087 724 9390 to discuss customising your policy?
If you’re a regular motorcyclist, you’ll know that many drivers do not maneuver safely around motorbikes – that’s why it’s so important to have the right bike cover for you.
How much do you want to insure your bike for?
Compendium insures vehicles according to their current retail value, according to the Auto Dealers Guide. This means that if you’re in an accident and need to claim compensation for the cost of replacing your bike, the sum will be calculated according to how much your bike was worth at the time, not how much you paid for it. If you want to insure your vehicle to a specific sum, you should speak to one of our experienced brokers on 087 724 9390.
Whether you’re a hobbyist or a competitor, Compendium has the perfect insurance for you.
What do you use your bike for?
When you take out bike cover, you’ll be asked how regularly you use your bike, and for what purpose. This means that you’ll never have to pay for more than you use. So if you’re a regular motorbike commuter, weekend rider or long-haul holiday biker, Compendium has the perfect policy for you! Just make sure to declare your usage when you speak to one of our brokers 087 724 9390.
What if you’re in an accident?
We know that South Africa’s roads can be tricky, especially if you’re navigating on two wheels. That’s why our claims lines are manned by sympathetic, professional and expert staff, making your claims process as easy as possible. Depending on the Compendium policy you choose, you could have medical cover, personal liability cover, legal cover and more. This means that all you need to worry about is getting better, or choosing your next bike!
Hit the road with peace of mind – fill in this easy online form for a quick quote here, or call one of our expert brokers to get the perfect level of cover for you 087 724 9390.