Discover what modified motorbike insurance is and how modifying your bike can affect your insurance premium.
Bike modifications are popular among all types of riders. However, modifications change your motorcycle’s build on a fundamental level. Whether you’re making physical modifications to make your bike looks uniquely you, or you’re adding performance-focused modifications to enhance your riding enjoyment, alterations to your bike often have to be accounted for by your insurance company.
Making modifications to a motorbike can alter the way it performs. It can also increase its value. Due to these factors, modified bikes often need specialist insurance policies that consider the changes.
Modified motorbike insurance, also known as custom motorcycle insurance, is specifically tailored to cover the potential increases in bike value from alterations or additions. They are also designed to protect your bike from any extra risk that the modification may cause. While minor modifications may be protected by a regular motorbike insurance policy, some insurers have limitations on the number and type of modifications that may be made, so a heavily modified bike might not be covered.
Modified motorbike insurance falls under the category of non-standard insurance, which is why it can be difficult to find coverage at a fair price. It’s a unique market in the insurance industry, and not every insurance offers coverage for modified motorbikes.
Any changes to the bike’s original specifications are referred to as modifications. This may include, for example, any changes that boost the bike’s performance.
There are various types of modifications that can be made to a motorbike. Below are some of the types:
Yes, in most cases, modifying your bike can result in an increase in premium rates. Modified bikes are often viewed as more attractive, not only by their owners but also by robbers. They can also boost the bike’s total value, and if your prized two-wheeler has been speed-added, it’s more likely to be considered a higher-risk vehicle. Thus, increasing the premium costs.
However, not all bike modifications make your insurance more expensive. In some cases, it may even make your insurance cheaper. For example, if you make security modifications, such as an electronic immobiliser, to lessen the risk of your bike being stolen, you may enjoy cheaper motorbike insurance.
One of the pleasures of owning a motorcycle is customising it to your preferences and making it uniquely yours. However, you should always talk to your insurer about it.
There are various ways you can try to reduce the price of insurance for a motorbike. These include:
Modified bikes are often viewed as more attractive, not only by their owners but also by robbers. Therefore, getting specialist coverage for modified motorbikes is important.
Here are some things you need to keep in mind before purchasing modified motorbike insurance.
One of the pleasures of owning a motorcycle is customising it to your preferences and making it uniquely yours. If you’re making changes for aesthetic, efficiency, safety, or practical reasons, you’ll need to let your insurance provider know so they can immediately update your insurance policy.
If you fail to do so, your insurance will become invalid. Also, if you are involved in an accident or need to make a claim, you will not be compensated or receive the full amount.