Taking out motorcycle insurance in someone else's name wise?
Getting your motorcycle license is a great moment. Young or old, motorcycling is considered a hobby in many cases. However, motorcycling can be more dangerous than driving a car. Partly for this reason, insuring a motorcycle is extremely important (and compulsory with regard to third-party insurance ). And precisely because of the dangerous nature of motorcycling, the premium can be quite high for younger drivers. The same applies to new motorcyclists (not young people) who have not yet accumulated any claim-free years. The idea of taking out a motorcycle insurance policy in someone else's name is often considered. But is this wise?
Insure motorcycle in parents' name?
Many young people want to purchase motorcycle insurance in their parents' names. This offers financial benefits to the young person. There is also the idea that the young person can now benefit from the parent's accumulation of claim-free years. This is often mistaken...
Coverage overview
WA (mandatory)
- Damage to others
- Theft and Fire Damage
- Damage to one's own motorcycle
WA Limited Casco
- Damage to others
- Theft and Fire Damage
- Damage to one's own motorcycle
WA Full Casco (All-Risk)
- Damage to others
- Theft and Fire Damage
- Damage to one's own motorcycle
Basically motorcycle insurance in other name not intended....
It is understandable to make the choice to purchase motorcycle insurance in someone else's name, if the aforementioned reasons apply. But did you know that formally this is a risky choice? This is because, in principle, when you take out the insurance, you should also be the one responsible (insurable interest). In fact, the license plate holder is the person liable for insurance.
What are the consequences of motorcycle insurance in another name?
Do you falsely fail to disclose who the actual regular driver is? If so, you are committing insurance fraud. The consequences of this fraud can be severe. Did you know, for example, that an insurer is not obliged to compensate damages in such cases? Damages can sometimes run into the hundreds of thousands of euros. In that context, it is actually quite nice to simply be transparent with your insurer and provide the correct information.
Get your motorcycle insurance from Alpina
Do you have questions about taking out motorcycle insurance in someone else's name? Please do not hesitate to contact us. We will be happy to advise you on this. You can also take out motorcycle insurance with us. We offer good conditions and support you from A to Z.
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