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Don’t Risk Your Life or Your Bike: 5 Important Keys to Motorcycle Insurance

by | Nov 10, 2022 | Blossom Insurance Blog | 0 comments

In Kenya, motorcycle insurance plays a number of important roles. You are legally required to have third-party insurance on your motorcycle in order to ride it on public roads. You could be fined or even have your motor cycle seized if you do not have this insurance.

Motorcycle insurance is not only a legal requirement, it can also provide financial protection in the event of an accident or theft. Whether your motor cycle is stolen or damaged in a collision, repairs or replacements can be expensive. Your motorcycle insurance can help cover these costs, reducing your financial burden.

In addition to offering peace of mind while on the road, motorcycle insurance is also very affordable. When you know that you are protected in the event of an unexpected incident, you can ride with confidence, knowing that you are protected. Overall, motorcycle insurance is an essential investment for any motor cycle owner in Kenya.

Why not having Motorcycle Insurance Will Cost You

A guide to motorcycle insurance in Kenya

Having no motorcycle insurance in Kenya can have severe consequences. The following fines and penalties could be imposed if you do not carry at least third-party insurance when riding a motorcycle:

  • A fine of up to KES 50,000
  • Imprisonment for up to six months
  • Seizure of your motor cycle

Additionally, if you do not have motorcycle insurance and are involved in an accident, you may be financially responsible for any damages or injuries. You may be responsible for paying for the damage to the other vehicle or person, as well as any medical expenses.

Motorcycle insurance is a legal and financial requirement in Kenya, and the consequences of not having it are significant and costly. To protect yourself and others on the road, it is important that you have the appropriate insurance coverage.

Understanding the Different Types of Motorcycle Insurance, and what’s Good for you:

Comprehensive Insurance

A comprehensive motorcycle insurance policy covers you against a wide range of incidents, such as accidents, theft, and damage. There are different types of motorcycle insurance available in Kenya, but the most comprehensive one typically covers:

  • Natural disasters, accidents, fires, or floods can damage your motorbike
  • Your motorcycle has been stolen
  • Damages or injuries caused to other people or property are covered by liability insurance
  • If you are injured in an accident, you will have to pay medical expenses
  • Assistance with roadside emergencies and towing

For protecting your investment in your motorcycle, comprehensive motorcycle insurance is generally the best option. It provides high levels of coverage and can provide peace of mind while driving. Since it covers a wide range of incidents, it is also typically the most expensive type of motorcycle insurance. It is important to consider your specific needs and budget when deciding whether comprehensive motorcycle insurance is the right choice for you.

Third-Party Insurance

A third-party motorcycle insurance policy covers damage or injury caused to other people or property in an accident involving your motorcycle. In Kenya, motorcycle insurance is mandatory at a minimum level and typically includes coverage for:

  • Damages or injuries caused to other people or property are covered by liability insurance
  • If your motor cycle is involved in an accident and you are sued, you may have to pay legal expenses

Neither your own motorcycle nor your own medical expenses are covered by third-party motorcycle insurance. Due to the fact that it only covers damage or injury to other people, it is usually the least expensive type of motorcycle insurance. It is, however, important to note that if you are involved in an accident without adequate insurance coverage, you may be held financially responsible.

Riders with limited budgets who want to comply with legal requirements for insurance can benefit from third-party motorcycle insurance. You should, however, consider your specific needs and whether additional coverage, such as comprehensive insurance, is necessary.

Third-Party, Fire and Theft Insurance

The third-party, fire, and theft insurance for motor cycles covers injuries and damages to other people and property caused by accidents involving motor cycles, in addition to theft and fire damage to motor cycles. In addition to third-party coverage, it usually covers:

  • Damages or injuries caused to other people or property are covered by liability insurance
  • If your motorcycle is involved in an accident and you are sued, you may have to pay legal expenses.
  • You have had your motorbike stolen
  • Fire-related damage to your motorcycle

As with third-party insurance, third-party, fire, and theft insurance does not cover your own medical expenses. A good option for riders with a limited budget who want more coverage than basic third-party insurance. It is important to consider your specific needs and whether additional coverage, such as comprehensive insurance, may be required.

Motorcycle insurance in Kenya: factors affecting the cost

It is important to know that various factors can affect the cost of motorcycle insurance in Kenya. These include:

  • Age and gender of the rider: Younger, male riders may be considered a higher risk and may pay higher premiums for insurance.
  • The make, model, and value of your motorcycle can affect the cost of your motorcycle insurance. A higher premium may be charged for a motorcycle that is more expensive or has higher performance.
  • It is possible for riders with an accident history or a history of traffic violations to pay higher premiums.
  • Location: The location where you live and ride your motorcycle can affect the cost of insurance. A higher premium may be charged in areas with a high crime rate or in areas prone to natural disasters.

Compare quotes from multiple insurance companies to find the best coverage at a price that fits your budget when shopping for motorcycle insurance in Kenya. You should also review your insurance policy regularly and make any necessary adjustments to ensure that you have adequate coverage.

How to find the best motorcycle insurance in Kenya

In order to find the best motorcycle insurance in Kenya, you should follow these steps:

1.    Take into account your motorcycle type, riding habits, and any specific risks you may face when determining your insurance needs. The level of coverage you need will be determined by this.

2.    Compare quotes from multiple insurance companies to compare prices and coverage options. Be sure to consider the reputation and financial stability of the insurance company in addition to the price.

3.    Be sure to read the fine print: Before buying an insurance policy, make sure you understand its terms and conditions. It is important to understand exclusions and limitations in order to avoid confusion.

4.    You may be able to get a discount from your insurance company if you have completed a rider training course or have a safe riding record. Find out if there are any discounts available to you.

5.    Make sure your insurance policy is up-to-date: You should review your insurance policy on a regular basis in order to ensure that you have the appropriate amount of coverage.

These steps will help you find the best motorcycle insurance in Kenya based on your budget and needs.

Motorcycle Insurance Policies in Kenya include the following Exclusions and Limitations

Motorcycle insurance policies in Kenya have a number of common exclusions and limitations. There are several possible options, including:

  • A reckless or dangerous driving exclusion may apply to some insurance policies that exclude coverage for accidents or damages caused by speeding or racing.
  • Insurance policies may exclude coverage for damage or mechanical problems that existed before the policy was purchased.
  • There may be limits on the amount of coverage provided for certain types of damages or losses, such as a cap on the amount of medical expenses covered, in an insurance policy.

Review your insurance policy’s terms and conditions carefully to understand any exclusions or limitations. In case of an accident or loss, you will be adequately protected if you make an informed decision about your level of coverage.

Need to insure your motorcycle? Talk to Blossom Insurance! Our team of experts will guide you through the process of choosing the best option according to your needs and requirements.

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