What is the third-party theft cover for a moped insurance?
In addition to the legally required third-party liability, it is often advisable to insure theft. You can have good locks to protect your moped against theft, but realise that all locks can be broken. Even an attempted theft can cause considerable damage to your moped.
Is it advisable to include the risk of theft in the insurance?
This is a form of insurance that offers a limited supplement to the third-party insurance, but it is a valuable extra cover. After all, you should not underestimate the risk of theft. In the first half of 2016 alone, a total of 6,380 scooters/mopeds were stolen. That amounts to 35 per day. With only the WA moped insurance, you get nothing paid out in case of theft.
Which cover suits you?
Third-party liability (mandatory)
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Damage to others
i This is the basic coverage and cheapest moped insurance. It covers the damage you cause with your moped to third parties, but not the damage to your own moped.
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Theft and fire damage
i In addition to the third-party coverage, theft or fire damage is now covered. Damage to your own moped caused by yourself (e.g. by a collision) is not covered.
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Damage to own moped
i In addition to WA coverage and compensation for theft and/or fire damage, damage to your own moped (due to a collision, for example) is now also covered.
WA Theft and Fire
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Damage to others
i This is the basic coverage and cheapest moped insurance. It covers the damage you cause with your moped to third parties, but not the damage to your own moped.
-
Theft and fire damage
i In addition to the third-party coverage, theft or fire damage is now covered. Damage to your own moped caused by yourself (e.g. by a collision) is not covered.
-
Damage to own moped
i In addition to WA coverage and compensation for theft and/or fire damage, damage to your own moped (due to a collision, for example) is now also covered.
WA Theft, Fire and Collision
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Damage to others
i This is the basic coverage and cheapest moped insurance. It covers the damage you cause with your moped to third parties, but not the damage to your own moped.
-
Theft and fire damage
i In addition to the third-party coverage, theft or fire damage is now covered. Damage to your own moped caused by yourself (e.g. by a collision) is not covered.
-
Damage to own moped
i In addition to WA coverage and compensation for theft and/or fire damage, damage to your own moped (due to a collision, for example) is now also covered.
When is theft damage?
In addition to the coverage in the third-party insurance, the third-party + theft also offers coverage against theft or damage caused by a theft or attempted theft. Joyriding is also considered theft. Joyriding means that someone is driving your moped without permission. Keep in mind that it is not easy to speak of joyriding. If a friend uses your moped occasionally and causes damage, this is not considered joyriding. Even if he took the moped with him this time without permission.
Pay close attention to the requirements set by the insurer
Theft of your moped cannot be prevented 100% by prevention, but you can make your moped very unattractive for thieves. Insuring your moped against theft can also be a false security. You have to pay close attention to the requirements of the insurers for coverage in case of theft. For example, you are obliged to fit at least one lock to the moped that meets certain requirements. This can be an ART class 3 lock or of course a better qualification. Of course you are obliged to report the theft. The requirements differ per insurance company. Find out more and make sure you have the right locks.
What should you do in case of theft?
Report it to the police and notify the insurer as soon as possible after you have noticed that your moped has been stolen. The insurer may then launch an investigation to find out whether you have used the right locks. Initially, it is assumed that the moped will be recovered. If that is not the case, you will be paid the current market value. If the moped is returned damaged, the insurer will pay the repair costs.
All moped insurance coverages:
How do we do it?
Financially certainly.
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