Multi Bike Insurance

Multi bike insurance is a relatively new concept which facilitates insuring multiple bikes with a single policy whereas formerly the owner had to insure each bike separately. So now it is possible to have two, three, or even four bikes without the headache of high premium. The idea behind this is that one cannot use more than one bike at a time and so there is no such need to have separate insurance policies for each bike. Thus the riding bike is insured while others sit at the garage covered against fire, theft, damage, etc.

The price is based on the highest risk bike and the others can be covered with a small additional cost. This helps the addictive bike riders for whom one bike is just not enough or for someone who likes to have a selection of bikes in their garage. They can save time, money, and paperwork. The number of bikes that can be covered under one policy varies according to the insurer. Some insurers allow up to five bikes on the same policy. This policy is best suitable for companies engaged in courier service, which use a fleet of motor bikes.

	Multi bike insurance is available for all types of bikes – be it classic, modern road-busting ones, or a mix of both. The whole range of machinery can be covered by insuring against fire, theft, and third party. Some insurance companies also offer value added services that entitle foreign use, multi rider policy, breakdown coverage, legal expenses cover, personal accident cover, etc. This idea stems from the need to provide peace of mind at times when it is most needed. Norwich Union is the pioneer in this field of multi bike insurance. Other leading players in this field are Carole Nash, Devitt, and Direct Choice etc.
One slight disadvantage of this kind of insurance is that it covers only the policy holder. The choice is between a multi bike policy with one rider or a multi rider policy with one bike. It is not possible to have a multi bike cum multi rider policy. The no-claim bonus can be mirrored only from the first motorbike. Also, the policy holder has to make sure that the motorcycle is listed in the official insurance database. These motorcycle friendly companies offer the advantage that the policy holder is even allowed to ride others bikes with third party consent.

Technology has facilitated owners to buy multi bike insurance online. Thus, one can get an instant cover without wasting time and going through the hassles of paper work. Visit the websites of your favorite insurance provider and get a quote. Another alternative is to give a call and discuss the insurance needs through phone. This will give the insurer clear and unambiguous information about the model, the kind of coverage needed, etc.

To sum up, multi bike policy helps to reduce the insurance premium and to get covered multiple bikes for a variety of risks. So, have your own motorbike collection whilst saving money on premium!