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?
Motorbike insured in parents' name?
Many young people want to take out motorbike insurance in their parents' name. This offers a financial advantage for the young person. There is also the idea that the young person can now benefit from the accrual of damage-free years by the parent. This is often wrong...
Coverage overview
Third-party liability (mandatory)
- Damage to others
- Theft and fire damage
- Damage to own engine
WA Limited Casco
- Damage to others
- Theft and fire damage
- Damage to own engine
WA Full Casco (All-Risk)
- Damage to others
- Theft and fire damage
- Damage to own engine
In principle, motor insurance in another name is not the intention...
It is understandable that one chooses to take out motorbike insurance in someone else's name if the above reasons apply. But did you know that, formally speaking, this is a risky choice? In principle, when you take out the insurance, you must also be the one who is responsible (insurable interest). In fact, the holder of the vehicle registration certificate is the person liable to take out the insurance.
What are the consequences of changing the name of the motorbike insurance?
Do you falsely fail to disclose who the actual regular driver is? Then you are committing insurance fraud. The consequences of this fraud can be considerable. Did you know, for example, that an insurer is not obliged to compensate damage in such cases? Damages can sometimes run into the hundreds of thousands of euros. In that context, it is actually quite pleasant to be transparent with your insurer and to provide the correct information.
Get your motorcycle insurance from Alpina
Do you have questions about taking out a motorbike insurance policy in someone else's name? Please do not hesitate to contact us. We will be happy to advise you. You can also take out motorbike insurance with us. We offer good conditions and support you from A to Z.
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