Ask the expert – insurance | OPINION
We all moan when it comes time to renew our scooter insurance but in the grand scheme of things the price we actually pay is a pittance compared to the fun that our yearly policy provides. My own multi-bike policy costs me about 80 pence a day, about the cost of a can of pop.
There are a few things we can all do to keep the cost of our renewals down though. To give us a few pointers we’ve enlisted the help of Lexham Insurance’s, Andy Goodson. He’s here to answer a few questions. If there’s anything you’d like to ask Andy just comment on the feature or send us an email if you prefer to remain anonymous.
If you’d like to get a quote for insurance from Lexham just click the banner advert above, or this link and you can fill in a few details and take advantage of their call back service.
Questions for the expert…
Q: Will you be able to cover me on a tuned scooter? I’ve got a full licence, the engine has been modified and I’ve got a different exhaust, big carb, uprated brakes and suspension?
A: Yes, we have a panel of specialist insurers who will accept most modified, chopped or customised scooters. The most important thing is to declare all modifications.
Q: I own both classic and modern scooters, what’s the best way to insure them. Shall I take out a policy for the classics and another for modern or can you add both on one policy?
A: There are insurers who will combine both modern and classic scooters on the same policy but this is not always possible as this would depend on useage and they tend to be limited mileage policies. Although classic policies offer agreed value they do not offer a no claims discount, so if you have several of each and you are using the modern scooter/s daily it is likely that the best option is to have separate modern and classic policies.
Q: Lots of scooters are being stolen at the minute, what precautions give the best discounts. Should I fit an alarm, tracker or just locks and chains. If so do they need to be Sold Secure or Thatcham approved?
A: Discounts will vary from each insurer and some will stipulate a minimum level of security like Thatcham for instance. Others just ask that you use a lock, so please ensure that you always read the small print. In my opinion good quality locks and chains are always the best form of deterrent, especially if you can secure them to an immovable object as this will slow thieves down, or make them move onto an easier target. Trackers are becoming more common but it doesn’t necessarily stop the scooter being stolen in the first place, it just helps find it and by this time it could be damaged or have been stripped down for parts.