Question for Bikers - esp Mel
Discussion
If you come off your motorcycle, assuming you have fully comp insurance, does said insurance cover you for loss of earnings for anytime you are say in hospital or in bed on your back on account of an accident..
Is your degree of cover dependant on establishing blame etc or with Fully Comp, is it just a matter of showing evidence of lost earnings and requirement to pay mortgage etc ? ..
If not, how do you mitigate against the risk of your family starving to death because you're legs were broken by a berk in a car?
Is your degree of cover dependant on establishing blame etc or with Fully Comp, is it just a matter of showing evidence of lost earnings and requirement to pay mortgage etc ? ..
If not, how do you mitigate against the risk of your family starving to death because you're legs were broken by a berk in a car?
Errr in a word No
Now the long answer.
Fully comp covers you in the same way as it does a car i.e for the damage to the car and third parties, every thing else falls under the catch all of of "uninsured losses" and the recovery of which is covered on some policys if the other party is to blame. You do sometimes get "interim payments" made either by the insurers of the ambulance chasing solicitors in cases of extreme hardship otherwise your on you own and it's just another risk of motorcyling.
Personally when I was racing and rode a lot more on the road (and some policies I've kept on for the road) I had the following polices in place.
Road bike (fully comp with NU standard policy)
Race Bike (ACU theft only policy) some restrictions but broadly pretty fair
Clothing helmets etc (Worldwide annual kit insurance underwritten by NU) brilliant policy that basically covers everything I own all over the world in almost any circumstances for loss or damage (had some right good claims on that one) I also have no home contents insurance as this one is so good.
Personal Injury on track the ACU run a standard insurance scheme inclusive with membership which is shit and gives a payout of about £10 a day but can be increased to "sensible" levels for a premium. On the road I always took chances ! You can get "loss of earnings" or "critical illness cover" but a lot of these have exclusions for motorcycling. As always it's a case of calculating the risk against your own circumstances and insanity on the road.
In my case I run my own company and have 12 people working for me this would continue to function (and pay my salary) if I was layed up for a short period and as long as I was coherent after that I could still get in or run it from home while convelessing, if it was worse than that well put bluntly I'd be too FUBAR to care and it would come down to my next of kin to make some hard calls about selling up etc.
Now the long answer.
Fully comp covers you in the same way as it does a car i.e for the damage to the car and third parties, every thing else falls under the catch all of of "uninsured losses" and the recovery of which is covered on some policys if the other party is to blame. You do sometimes get "interim payments" made either by the insurers of the ambulance chasing solicitors in cases of extreme hardship otherwise your on you own and it's just another risk of motorcyling.
Personally when I was racing and rode a lot more on the road (and some policies I've kept on for the road) I had the following polices in place.
Road bike (fully comp with NU standard policy)
Race Bike (ACU theft only policy) some restrictions but broadly pretty fair
Clothing helmets etc (Worldwide annual kit insurance underwritten by NU) brilliant policy that basically covers everything I own all over the world in almost any circumstances for loss or damage (had some right good claims on that one) I also have no home contents insurance as this one is so good.
Personal Injury on track the ACU run a standard insurance scheme inclusive with membership which is shit and gives a payout of about £10 a day but can be increased to "sensible" levels for a premium. On the road I always took chances ! You can get "loss of earnings" or "critical illness cover" but a lot of these have exclusions for motorcycling. As always it's a case of calculating the risk against your own circumstances and insanity on the road.
In my case I run my own company and have 12 people working for me this would continue to function (and pay my salary) if I was layed up for a short period and as long as I was coherent after that I could still get in or run it from home while convelessing, if it was worse than that well put bluntly I'd be too FUBAR to care and it would come down to my next of kin to make some hard calls about selling up etc.
Also on a connected note always look very closely at Travel Polices if riding abroad. When I looked the RAC annual policy was the only one I could find that gave me ANY injury coverage in the event of a bike accident overseas !!!! most others have exclusions for either bikes totally or anything bigger than a 125/twist and go !
just had a bang on my bike, I now have a broken bone in the foot, took a few days off work, couldnt drive, and have 3 weeks on crutches, and this was a really minor bump. should go in favour of me (fingers crossed) and to my delight I discovered
NO, I get nothing from fully comp except my bike repaired.
no loss of wages, no damages against injuries, unless I take out a personal suit against the other drivers insurance.
I even paid extra for legal cover (£25) and this is pretty much a waste of time, as I cant use it to get compensation form my own company.
NO, I get nothing from fully comp except my bike repaired.
no loss of wages, no damages against injuries, unless I take out a personal suit against the other drivers insurance.
I even paid extra for legal cover (£25) and this is pretty much a waste of time, as I cant use it to get compensation form my own company.
quote:I don't think many people had much fun, but I didn't get the worst of it..
PS - how did you get on Friday on the way home - seems most of the south west M25/M3/M4 was a car park ?
Those who queued on the A30 to get to M25 J13 waited an hour... I headed up to J14 and was on the M25 in 5 minutes.. M4 was tat.. but there is a silver lining because instead of taking the A33 to Basingstoke, like every other diverted car, I went to the Calcot junction and came down the A340 thru Aldermaston & Tadley.. some nice NSL stretches and even clocked up some nice overtaking manoevres in the Nissan, so by the end of the journey I'd cheered up quite nicely
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