What is included in the third party only insurance?
For example if you were involved in a motorcycle accident. Then your motorcycle insurance company will have to pay the third party that was involved in the motorcycle accident. Here comes the bad part. The motorcycle insurance company will not cover your motorcycle. So with other words, you will not be able to make any claims against your motorcycle insurance company.
No claims and no excess payable for your motorcycle
No claims can be made to the motorcycle insurance company. So of course there is no excess payable either for your motorcycle. The insurance company will not cover your motorcycle or your leather clothes and helmet. This is also the primary reason to why third party only is the cheapest insurance solution for your motorcycle. We don't recommend a third party only cover if your motorcycle has a value or is almost new. If your motorcycle is old and the book value is less than the insurance cover. You should maybe consider third party only but just remember that the motorcycle insurance company won't pay for your lost an injuries.
In case of a motorcycle accident - third party covers following:
If the motorcycle accident was your fault and if the other party or the police proves that it was you who caused the motorcycle accident. Then you motorcycle insurance company will cover the third party. Some motorcycle insurance companies also covers for the passenger on your motorcycle but everyone so check your motorcycle insurance policy.
Summary - third party only insurance for your motorcycle
If you got a third party only insurance for your motorcycle. Then your motorcycle insurance company will not cover you for any damages on your motorcycle, clothes or helmet at all. If they can prove that the motorcycle accident was your fault. Then your insurance company will pay for the damages and the losses to the third party. Sometimes they cover the passenger on the motorcycle also. To summarize, third party only helps your victims but the insurance will not help you with your injuries or damages.
Change from third party only to third party fire and theft
In some neighborhoods your motorcycle could be damaged when there is a risk for fire and explosion or they lift your motorcycle away. If this sound likely than you should change your motorcycle insurance cover to a least third party fire and theft. You can read more about the insurance in one of our other articles.