How to get a CASCO insurance policy for a motorcycle

Motorcyclists, in accordance with current legislation, are considered road users and are subject to the rules of compulsory civil liability insurance. However, as statistics show, drivers of this type of transport are much more likely to become victims of accidents than to cause them. In addition, choppers are easy prey for criminals, since the equipment can be easily carried away by two strong men, then disassembled and sold for spare parts. Based on this, purchasing CASCO for a motorcycle is a necessary necessity, allowing you to compensate for possible damage.

Requirements and conditions for motor insurance

Initially, it should be noted that most companies categorically do not want to get involved with motorcycle insurance under CASCO. The reason lies in the vulnerability of bikers on the road, the high rate of theft and expensive repairs of exclusive models. In the domestic market, only a few companies are willing to take on the risk of insuring a motorcycle against theft and accident.

Most insurers establish the following rules for selling a policy:

• tariff - 20-25% of the vehicle price;
• unconditional franchise - at least 20-50 thousand rubles;
• engine volume - no more than 0.3 l (mopeds have a maximum of 0.05 l);
• year of release - 2017-2020;
• driver's age - at least 25 years;
• driving experience - 5 years or more;
• parking - garage with alarm or guarded area;
• The policy period is April-October.

Note! You can get more favorable conditions when concluding a CASCO agreement. To do this, you need to purchase additional packages of services, such as life, health, real estate insurance and other products, with the implementation of which the insurance company has problems.

Conditions for motorcycle insurance under CASCO in different insurance companies

The risks covered by the insurance company are agreed upon between the parties on the day the contract is concluded. When choosing full protection, the institution undertakes to cover losses arising from:

• a non-standard situation, which may include damage to a headlight by stones thrown from under the wheel of a truck in front;
• vehicle theft;
• unlawful action of a third party (for example, when a car is scratched or set on fire by strangers);
• natural disasters such as lightning strike, fire, etc.

Motorcycle insurance under CASCO is endowed with certain features due to the fact that the operation of a bike is associated with high risks. Against this background, many insurance institutions refuse to provide such services to motorcyclists. When insuring an iron horse under the CASCO system, the vehicle owner must be prepared that the financial company:

• will present a high cost of insurance;
• will include a franchise clause in the contract (in this case, the company will not compensate for a certain percentage of losses);
• will carefully examine the identity of the owner of the vehicle and the person authorized to drive (driving experience, age of the insured, etc.);
• will make excessive demands on the technical condition of the bike (a used motorcycle is unlikely to be insured);
• will require you to install an anti-theft system from a specific manufacturer or use a satellite tracking system.

Insurance companies can deny a motorcyclist a contract even without a clear reason.

Finding a company that is interested in motorcycle insurance is quite difficult. However, companies such as SK GAYDE, Ingosstrakh, Rosgosstrakh and Soglasie instill confidence that the vehicle owner can still use the insurance service.

What risks and insured events are covered by CASCO for a motorcycle?

Typically, bikers insure their motorcycle against the following risks:

• hijacking;
• theft;
• damage in an accident;
• collision with animals;
• hooligan actions of third parties;
• damage from falling solid objects (trees, hail, building materials);
• damage from natural disasters (floods, earthquakes, hurricanes, tornadoes) and man-made disasters;
• total loss of the vehicle;
• harm to the driver's health.

Related article: Features of CASCO for six months

Note! Insured events do not cover atomic explosions, wars, civil unrest and radioactive contamination of the facility.

How to calculate the cost of a CASCO policy

To calculate CASCO insurance for a motorcycle for 2020 using an electronic calculator, you need to go to the website of the company or broker, find the appropriate section and register in the program.

Then you should enter the following data:

• vehicle make;
• model;
• year of issue;
• engine power;
• purchase price;
• Transmission;
• number of drivers indicating their passport details and length of service;
• region of operation of the motorcycle;
• duration of the policy;
• franchise size.

After this, you need to click the “send” button and wait for the result. It should be taken into account that programs are constantly updated, additional conditions and modifications are introduced into them. You need to be prepared for the fact that the insurer may require additional information.

Please note that if CASCO insurance for a motorcycle in 2021 is calculated using a calculator on the website of an independent broker, then clients will have access to a database of insurance companies carrying out this activity. This will make it possible to find out how much CASCO for a motorcycle costs in different regions of the Russian Federation and find more profitable and affordable options for purchasing a policy.

How to properly apply for CASCO insurance for a motorcycle

The CASCO insurance policy calculator for a motorcycle for 2019-2020 allows you to calculate the estimated cost only technically. There are also subjective factors based on the reluctance of companies to get involved with this category of vehicles. Therefore, you need to come to the office in person and be prepared for complex and lengthy negotiations, concessions and compromises.

If everything goes well, then an agreement is drawn up with the following content:

1. Parties to the agreement.
2. Object of protection (make, model, license plate number).
3. List of risks.
4. Insurance premium amount.
5. Payment amount.
6. Franchise size.
7. Contract time. The period for which the payment guarantee applies.
8. Rights and obligations of the parties.
9. Other conditions.

Related article: Euro protocol on CASCO

Note! The insurer may impose a condition to install a modern alarm system on the bike, a tracking satellite navigator, and buy a VHI policy. You should agree, because otherwise achieving your goal will be problematic or impossible. You just need to compare how much CASCO costs for a motorcycle, the cost of additional options and the price of the vehicle.

What documents are needed

To conclude an agreement and obtain a CASCO policy, the motorcyclist must provide the agent with the following package of documents:

• identification;
• technical certificate;
• registration certificate;
• certificate of ownership;
• purchase agreement, gift agreement, will;
• previously purchased policy (if any);
• MTPL agreement (current);
• documents for alarm, anti-theft system and other certificates;
• driver's licenses of persons who will be allowed to drive;
• statement.

After checking the provided papers, a company representative inspects the vehicle and draws up a report indicating the estimated cost of the equipment.

Important! The policyholder must provide only reliable information. Forgery of documents and deception of the insurer are grounds for cancellation of the contract and refusal to pay.

How to write an application

There is no universal and legalized application form. To obtain CASCO insurance for a motorcycle, such large companies as Ingosstrakh, Rosgosstrakh, Soglasie, RESO have developed their own forms, which are filled out directly in the office.

There are mandatory items that are prescribed in the application

• to whom (if the form does not indicate the name of the insurance company and its head);
• from whom (full name, postal address, telephone numbers);
• information about the vehicle (make, model, production date, license plate number);
• cost of the motorcycle upon purchase;
• the presence of an alarm and anti-theft system;
• insurance period;
• date of entry into force of the agreement;
• insurance risks;
• regions of use of the bike;
• method of receiving compensation;
• list of persons admitted to management;
• franchise size;
• Additional Information;
• list of applications;
• date, signature, surname.

In most cases, consideration of an application is a purely formality if the details of cooperation have been previously agreed upon with the agent.

Related article: CASCO insurance policy in Russia and its conditions

Documents for registration of compulsory motor vehicle liability insurance for a motorcycle

Rice. 2 Documents for registration of compulsory motor liability insurance - motorcycle

• Motorcycle owner's passport
• STS or PTS (STS-vehicle registration certificate; PTS-vehicle passport)
• Driving license for category “A” of persons allowed to drive a motorcycle (in the event that certain persons are allowed to drive a motorcycle); if insurance for the motorcycle is without restrictions, then a driver’s license is not needed
• A valid Diagnostic card confirming the passage of technical inspection for a motorcycle, contained in the EAISTO RSA database: EAISTO - Unified Automated Information System for Technical Inspection RSA - Russian Union of Motor Insurers.

What is needed to receive payment

A motorcyclist can calculate the approximate amount of compensation under CASCO for a damaged, stolen or destroyed chopper using an online calculator on the website of a broker or company.

To receive compensation in the event of an insured event, the vehicle owner must perform the following actions:

1. In the event of an accident, take measures to provide assistance to the victims, record the accident without creating interference for other road users.
2. Correctly document the events at the scene. If there is evidence of a crime, call law enforcement officials.
3. Inform the insurer about the circumstances that occurred and their consequences.
4. Collect a package of documents necessary to obtain a complete picture of the insured event.
5. No later than 5 days from the date of the incident, submit an application to the Investigative Committee and present the vehicle or its remains for inspection.
6. Wait for the results of the examination. Receive payment or referral for repairs.

The following documents are submitted to the insurance company:

• application (sample);
• CASCO policy;
• contract;
• receipt of payment under the agreement;
• identification;
• vehicle registration certificate;
• documents from the scene of the event (protocols, acts, surveys);
• a statement of theft and a resolution to initiate a case.

If there are no complications with the documents and circumstances of the incident, then compensation for damage is carried out within 20 days from the date of application. This can be done in cash or by carrying out repairs at a service station.

Important! The contract on the part of the insurance company is considered completed if the vehicle owner has received payments confirmed by paper or electronic receipts, the motorcycle has been repaired, and the owner has no claims, as evidenced by his signature on the work completion certificate.

What to do if a company denies CASCO insurance?

Refusal to sell a CASCO policy to motorcyclists is quite common, as companies do not want to get involved in such a risky business. The reason may be the age of the equipment, the high percentage of thefts in the region, careless and risky driving associated with fines and the driver getting into an accident.

Options for solving the problem with refusal may be as follows:

• provision of an agreement for storing vehicles in a guarded parking lot;
• high bonus-malus ratio;
• increasing the franchise amount;
• purchase of additional policies.

If this does not help, then you should contact the consumer protection authority, and then the court.

Thus, buying CASCO for a motorcycle is not an easy matter, but it is promising. Even large expenses on unfavorable terms cannot be compared with the cost of the vehicle.

The best motorcycle insurance offers on the Russian insurance market for 2021

The most favorable insurance offers are offered by such large insurance companies as Rosgosstrakh, Ingosstrakh and Alfa Insurance, VSK.

Approximate calculation: a policy for the risks of damage and theft for a BMW motorcycle, with an initial cost of the vehicle of 200,000 rubles, can be purchased at Soglasiya for approximately 86,000 rubles, Rosgosstrakh for 90,000, Alfa Insurance for 100,000 rubles .

Although at first glance, the price of a comprehensive insurance policy for a motorcycle is exorbitant, since it amounts to 30–40% of its estimated value, in the event of theft or an accident it is completely justified.

Penalty under compulsory motor liability insurance - if the rights of the policyholder are violated, in addition to payment, is compensation also due?