18 Feb A guide to motorcycle insurance
A guide to Dawes motorcycle insurance
With motorcycle ownership continuing to grow in popularity in Australia1, there’s a higher chance than ever that you’ll come across a client who’s looking to cover a special bike.
But it’s important to know that not all motorcycle insurance is created equal. While prestige and classic motor insurer Dawes covers most bike types, if you’re looking for coverage for something a bit different, it specialises in insurance for recreational, high-performance and classic motorbikes.
Motorcycle insurance risk appetite
Dawes recently announced that it will no longer be offering insurance for dirt bikes, in order to focus on its core products, and senior motor underwriter at Dawes, Russell Scheuber, says that while that includes all types of on-road motorbikes, Dawes won’t cover all types of riders.
“We prefer more experienced riders, so that typically means riders over the age of 25 or 30, depending on the make and model of bike they’re riding,” he explains. “For bigger bikes such as Harley tourers or Ducatis, or hyperbikes at 1000cc+, our minimum age to provide coverage is 30.”
Experience is also rewarded with Dawes offering a discount to riders over the age of 40 who agree to a condition that nobody aged under 40 will be riding their motorcycle.
In addition, Dawes imposes restrictions on where the motorcycles it insures can be parked. “We don’t cover any bikes that are not garaged or parked securely off-street overnight, and we also prefer them to be parked securely during the day,” Mr Scheuber says.
And while group touring rides or charity rides are considered a part of normal motorcycle usage, it is the use for track days and on track where these attract exclusions.
Types of motorcycle insurance
Dawes offers two types of motorcycle insurance – comprehensive cover, and storage and restoration cover.
As its name suggests, comprehensive motorcycle insurance includes cover for accidental or malicious damage, storm, hail, flood or fire damage, theft or attempted theft, and legal liability for damage to property in the event of an accident.
While much of this is industry standard, Mr Scheuber says that Dawes comprehensive motorcycle insurance also includes new for old replacement on bikes up to 36 months old, recovery and towing, emergency accommodation and travel expenses, cover for locks and keys, emergency repairs, personal property, hire vehicle (if the motorcycle is on regular use), up to $3,000 riding apparel free of charge with the option to increase to a $4,000 or $5,000 limit and up to 14 days of cover to notify Dawes for a replacement motorcycle purchased. These are subject to deductibles, exclusions and limits contained within the Product Disclosure Statement.
By contrast, storage and restoration cover is designed for project bikes, or old bikes that are being restored. “It covers the same things as our comprehensive motorcycle insurance, excluding legal liability, but only while the bike is garaged or at a workshop – cover for riding is not included,” Mr Scheuber says.
He adds that aside from bikes that are being restored, a storage and restoration policy can also be useful for riders who only ride their motorcycle during summer, or may have an injury or illness that prevents them from riding for a long period of time.
First class insurance with Dawes
With Dawes, your clients’ motorcycles are in safe hands. Visit our website or call us on 1300 188 299 to learn more about our first class insurance for first class vehicles.
Dawes Underwriting Australia Pty Ltd trading as Dawes Motor Insurance ABN 18 050 289 506 (an Authorised Representative of SGUAS Pty Ltd) acts for the insurer, Allianz Australia Insurance Limited. Consider the Product Disclosure Statement, available at www.dawes.com.au before deciding if it is right for you.
1 Australian Bureau of Statistics, Motor vehicle census, 2020.