The Terms and Conditions of the Scooter Insurance Policy

What is the deductible for scooter insurance?

The deductible is the portion of the claim that you must pay out of pocket. Not all insurers have a deductible. If they do, it is often an amount up to €150. For a claim of €1,000, you would then receive €850, assuming an excess of €150. Insurers often apply an excess to raise the threshold for filing claims.

Young drivers often pay higher premiums until they turn 24. Insurers do this because, compared to older drivers, young drivers are more likely to be involved in accidents. Some insurers also charge an additional deductible if the accident was caused by a young driver.

Canceling Scooter Insurance

Scooter insurance has a standard term of one year. After the first year of coverage, the policy is automatically renewed for another year. However, after the first year, the policy can be canceled at any time. Some insurers do require a one-month notice period. This is permitted. If you cancel your scooter insurance on April 5, the insurer may terminate the policy effective May 5. If you sell your scooter, the scooter insurance can be canceled immediately. This makes sense, since there is no longer anything to insure. The policy can also be canceled during the first year if you sell the scooter.

Claims Management by the Insurer

Insurance companies use claims management for damage repairs. This means that you should preferably have your scooter repaired at a repair shop designated by the insurer. They manage claims by, for example, lowering your deductible if you go to an affiliated repair shop.

Driving Under the Influence of Alcohol

Insurance companies take a strict stance on claims involving drivers who were under the influence of alcohol. The insurer has the right to recover the amount of the claim from the party responsible for the damage. In a liability case, the other party’s damages are compensated. The insurer can then send the intoxicated party responsible for the damage a bill for the damages. These types of recovery claims can involve large sums of money.

Other Exclusions

The policy terms and conditions list additional situations in which coverage does not apply. These include, for example, participating in speed races or renting out the scooter. The scooter insurance also does not provide coverage if you ride without a valid driver’s license.

Security

If you’re involved in a collision abroad, you may be required to post a bond. In the worst-case scenario, the scooter could be impounded. You might even end up in jail yourself. You’ll get the scooter back once you pay the bond. Your insurer will handle this—even if a bond is needed to get you out of jail.