Eric Insurance explains motorcycle insurance

MELBOURNE, Australia, March 21, 2022 (GLOBE NEWSWIRE) — According to motor insurance specialist, Eric Insurance, motorcycle insurance is an insurance policy that can provide protection to the driver against accidental damage to property. others as well as against theft, fire or damage to the bike itself. The amount of coverage depends on the type of insurance taken out.

There are different types of motorcycle insurance and Eric offers two of them: Motorcycle insurance and Fire, Theft and Damage to Third Party Property (FTTPPD).

Like comprehensive car insurance, Eric explains that comprehensive motorcycle insurance offers drivers the highest level of cover, giving them the most peace of mind. Comprehensive insurance provides extensive coverage for loss or damage to the bike, including at-fault and non-at-fault accidental damage, theft, third-party property damage, damage caused by uninsured riders, vandalism, hail , storm and floods.

FTTPPD insurance covers any legal liability for damage to other people’s property as well as protection of the motorcycle from damage due to fire or theft. Eric Insurance indicates that this type of insurance covers the cost of repairs or, in the event of total loss, the amount covered for loss or damage caused by fire and theft will be paid.

There is also another type of insurance called compulsory liability insurance, which provides protection to drivers or passengers for bodily injury caused in an accident and compensates other people injured in the accident. CTP does not cover repair costs. To register a bicycle in Australia, it is mandatory to have Compulsory Third Party Insurance (CTP), while other insurance policies are optional. Depending on the state, CTP insurance may be included in the registration fee or may need to be purchased from the appropriate highway traffic authority.

Choosing the right insurance largely depends on the individual’s budget, and Eric strongly recommends that riders choose the best coverage for their personal circumstances. It pays to weigh the insurance premium you have to pay against the amount you can afford to pay in the event of an accident.

eric Insurance assesses an applicant’s eligibility before providing a quote. Additionally, Eric is known for offering the best auto insurance policies. Apply for motorcycle or auto insurance online today.

Disclaimer: This article contains general product information only and does not take into account your personal or financial circumstances. Please read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) for full terms, conditions and eligibility that apply. For more information, call 1800 999 977.

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