Is There Vehicle Damage Insurance for Motorcycles?
2 Answers
Motorcycles do have vehicle damage insurance, but it is rarely underwritten by insurance companies. Most insurers only offer compulsory traffic insurance for motorcycles separately. If motorcycle owners wish to purchase vehicle damage insurance, they can first call the insurance company's customer service to inquire about the relevant procedures, processes, and fees to check if such coverage is available, thereby avoiding unnecessary paperwork. Similar to automobile insurance, motorcycle insurance includes not only compulsory insurance but also vehicle damage insurance, third-party liability insurance, theft insurance, seat liability insurance, and scratch insurance, among others. Apart from compulsory insurance, other coverages are optional. However, most owners choose to purchase some essential policies, with vehicle damage insurance being a critical one. This insurance primarily covers the owner's vehicle losses in case of accidents, making it a popular choice among motorcycle owners. Coverage scope of vehicle damage insurance: Collision, overturning, falling, fire, explosion, falling objects, collapse, lightning, storms, heavy rain, floods, tornadoes, hail, typhoons, tropical storms, ground collapse, cliff collapse, landslides, mudslides, avalanches, ice collapse, blizzards, ice dams, sandstorms, impact from cargo or passengers in the insured vehicle, and natural disasters affecting ferries carrying the insured motorcycle (limited to scenarios where the driver is aboard).
I've been riding motorcycles for years and deeply appreciate the role of vehicle damage insurance. Motorcycles do indeed have vehicle damage insurance, professionally known as vehicle loss insurance, which primarily covers damage to the bike itself, such as collisions or theft. The cost isn't too expensive, priced based on the model and displacement—small-displacement bikes might cost a few hundred yuan annually, while larger-displacement or premium models could be over a thousand. Last year, I had an accident, and fortunately, I had vehicle damage insurance. The insurance company quickly settled the claim, saving me most of the repair costs. The process is very convenient, just a few minutes on a mobile app to place an order. I recommend all riders consider getting this insurance, especially for new bikes or frequent riders, to avoid paying out of pocket for repairs in case of accidents. The small premium is definitely worth it.
