Am I covered for motorcycles in business use?
While you might be covered for the motorcycle itself there might be some aspects that won't be covered e.g. your business expenses. You might want to also consider business insurance from Youi.
Youi Motorcycle Insurance
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Whether you ride your bike to work every day or only on weekend getaways whenever you can find the time, having an adequate level of motorcycle insurance protection in place is very important. From fire and theft to accidental damage, you need to protect your set of wheels against a wide range of risks.
Australian insurer Youi specialises in offering cover that can be tailored to suit each customer’s unique needs, and it provides three motorcycle insurance cover options: Comprehensive, Third Party Fire & Theft, and Third Party Property Only.
Youi Pty Ltd is a registered general insurance company and underwrites all its own policies.
Compare motorcycle policies from Youi and get covered
What policy options are there?
Comprehensive
Offering the highest level of cover available from Youi, Comprehensive Motorcycle Insurance is designed to offer complete peace of mind to motorcyclists. It covers accidental and intentional damage, as well as damage caused by fire, theft, storm and a range of other risk. Legal liability cover is included for when your motorcycle damages someone else’s vehicle or property, while optional cover extras are also available.
- Youi Comprehensive Motorcycle Insurance covers accidental damage and intentional damage caused to your motorcycle.
- Damage caused by storm, flood, fire, theft, attempted theft and earthquake is covered.
- $1,000 cover for emergency accommodation, transport or repairs when you’re involved in an insured event more than 100km from home and your bike isn’t safe to ride.
- Up to $20 million of legal liability cover included for when your bike causes damage to someone else’s property.
- Cover included for the cost of towing and storage following an insured event.
- The option to cover the cost of replacing keys and recoding locks when your keys are stolen.
- Also covers personalised registration plates, maritime liability, immediate replacement vehicle and Youi roadside assistance.
Third Party Fire & Theft
This mid-range policy is designed to provide an adequate level of cover without breaking the bank. Cover is included for damage caused by fire, theft and earthquake, while legal liability cover is available for when your motorcycle damages someone else’s vehicle or property.
- Youi Third Party Fire & Theft Motorcycle Insurance includes up to $20 million of legal liability cover included for when your bike causes damage to someone else’s property.
- Damage caused by fire, theft, attempted theft and earthquake is covered.
- $1,000 cover for emergency accommodation, transport or repairs when you’re involved in an insured event more than 100km from home and your bike isn’t safe to ride.
- Cover for towing costs and storage after an insured event.
- The option to cover the cost of replacing keys and recoding locks when your keys are stolen.
- Also covers damage to personalised registration plates, maritime liability and immediate replacement vehicle
Third Party Property Only
Youi Third Party Property Only Motorcycle Insurance offers cover to suit bike owners on a tight insurance budget. This entry-level policy is designed to provide cover for the cost of damage that your bike causes to someone else’s property. Cover is also provided when your motorcycle is damaged by an uninsured driver.
- Youi Third Party Property Only Motorcycle Insurance offers up to $20 million of legal liability cover if your motorcycle causes damage to someone else’s property.
- An immediate replacement motorcycle is available for up to 14 days when trading in your current vehicle, while maritime liability cover is included for when your bike is being transported between seaports in Australia.
| Comprehensive | Third Party, Fire and Theft | Third Party Property Only | |
|---|---|---|---|
| Accidental Damage |
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| Intentional Damage |
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| Storm or Flood |
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| Fire |
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| Theft |
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| Earthquake |
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| Emergency Accommodation Transport and Repairs |
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| Legal Liability |
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| Towing Cost |
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| Locks and Keys |
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| Riding Gear |
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| Personalised Registration Plates |
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| Immediate Replacement Motorcycle |
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| Maritime Liability |
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| Youi Assist - Roadside |
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| Counselling Services |
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| Hire Care |
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| Motorcycle Trailer |
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| Personal Items and Riding Gear Upgrade |
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When won't I be covered?
Your Youi Motorcycle Insurance claim will not be paid if:
- It is for loss or damage to any illegal property or item.
- It is for loss or damage to any insured property as a result of theft or attempted theft by deception.
- It relates to the death or injury of any person who is covered (or who should be covered) under a statutory compensation fund or scheme.
- You admit liability that would otherwise not have existed at law.
- It is caused by the intentional or deliberate acts or omissions of you or someone else covered under your policy.
- It arises due to any illegal activity, or because your property is being used for any illegal activity.
- It is for fines, penalties or aggravated or exemplary damages.
- It is caused by the legal repossession, confiscation or destruction of any item.
- It relates to any event that occurred outside Australia.
- It relates to rust, corrosion, gradual deterioration or wear and tear.
- It is caused by mould, damp or the effects of climate or weather.
- It is caused by a process of restoring, cleaning, repairing or modifying the motorcycle.
- It is for mechanical, electrical or electronic breakdown or failure.
- It is caused by poor or faulty design specification, materials or workmanship.
- It is for the repair of any damage that existed prior to the commencement of cover.
- It is for loss of value or depreciation of the motorcycle.
- It is for consequential loss of any kind.
- It is for damage to tyres caused by wear and tear, braking, punctures, cuts, bursts or deflation.
- It is for flood, storm or bushfire during the first 72 hours of your policy.
- It arises because your motorcycle was being ridden by someone who did not have your permission to ride (unless stolen)
- It is being used on any racetrack or raceway.
- The motorcycle was being used by someone under the influence of alcohol or drugs
- The motorcycle was being used in a reckless manner.
For a full list of exclusions, ensure you always check the Product Disclosure Statement (PDS).
How much is it going to cost me?
There are several factors that influence the cost of your Youi Motorcycle Insurance premium, including:
- The make, model and age of your motorcycle
- What your motorcycle is used for, for example private or business use
- The age, driving and riding experience of any insured rider
- The claims history of any insured rider
- The value of any extra options you decide to add on to your policy
- Your choice of payment method
- Any administration costs, taxes and other government charges
What excess will I be charged?
You’ll need to pay an excess for each and every claim you make on your Youi Motorcycle Insurance policy. The excess you will pay will be the basic excess plus any additional excesses that apply to your policy.
The basic excess applies to every claim and will be shown on your policy schedule. However, if the insured event is the fault of a third party whom can be identified, your basic excess payment may be waived.
There are other options that can affect the amount of excess you pay, including:
- Reduced basic excess for windshield claims. You may be able to pay an extra premium to reduce the basic excess you’ll need to pay for claims that solely involve your windshield.
- Youi Assist basic excess. No excess applies to the first two claims you make under the You Assist roadside assistance benefit.
- Additional excess. Any circumstances where you may need to pay an additional excess will be shown on your policy schedule.
- Unlisted rider excess. This excess is payable when you make a claim for an insured event where your motorcycle was ridden with your permission by someone not listed on your policy schedule.
How do I make a claim with Youi for my motorbike?
If you wish to make a claim on your Youi Motorcycle Insurance policy, take note that you’ll need to make a separate claim for each incident. You can notify Youi of your claim as soon as possible by filling out an online form or phoning the insurer direct.
There are also a few simple steps you can take to ensure that your claim is paid promptly and in full, including:
- Taking all reasonable steps to prevent or reduce loss or damage, even after an insured event.
- If you’re the victim of theft, attempted theft or intentional damage, report the matter to the police and obtain a written copy of the incident report.
- Allow Youi to view and inspect any damaged goods or property you are claiming for.
- Don’t leave the scene of an accident until you are lawfully allowed to do so.
- Provide any information or documents the insurer requests in order to assess your claim.
Some questions you might have about Youi Motorcycle cover
Youi Motorcycle Insurance offers three levels of cover to suit the needs and budgets of a variety of bike riders. To guarantee that you find the right cover for you, compare Youi’s motorcycle insurance policies with those from other insurers at finder.com.au today.
Compare Youi Motorcycle Policies
Ask an Expert
Hi, I’d like a quote of the Third Party Property Only for my motorcycle. Aprilia Mojito 125.Thank you.
Hi Tainan,
Thank you for reaching out to Finder.
To get a quote for a Third Party Property Only insurance, you may need to click the Get Quote button found above this page. Once redirected, you may need to fill out and provide details of your motorcycle and yourself to obtain a quote that will match your details.
Hope this helps, Tainan. Please feel free to contact us back should you require further assistance.
Kind Regards,
Mai