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Old 03-21-2013, 07:19 AM   #1
ksoth OP
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Travel insurance that covers motorcycle rentals???

Hello,

I'm planning a trip in Australia in April-May.

As the link shows, I'm renting a 660cc Yamaha Tenere for the trip.

I have found plenty of travel insurance companies that will cover medical expenses incurred while motorcycling, but none that cover damage or theft of rental motorcycles. They cover cars, but not motorcycles. I've found a few UK/Australian companies that offer such coverage, but they only cover UK/Australian residents.

Does anyone know of a US company that offers such coverage??

Thanks,
Mike
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Old 03-21-2013, 12:23 PM   #2
Sjoerd Bakker
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Have you checked with the folks you are renting the bike from? It would seem reasonable that they would have such insurance in their sales package to cover their financial interest in keeping the bike rentable for a next customer.
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Old 03-21-2013, 12:25 PM   #3
Wlfman
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Check with your credit card company. Some will cover this.
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Old 03-24-2013, 09:52 AM   #4
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Rental companies sometimes offer CDW (collision damage waiver). Technically not an insurance, but you pay a few coins a day more for the rental company to assume risk of damage/theft or both. Very few rental companies offer full coverage as standard. Simply because in most cases the excessive premiums would render business not viable because few customers would be happy to pay the price for rental, third party coverage, collision and comprehensive. As with coverage options for their own bike, renters have choice to assume a level of risk.

Insurance companies are iffy to work work with, most practice "cherry picking" and each country/province/territory has its own regulations on requirements, premiums etc.

Also some riders will be insured for damage and or theft for any bike they ride if they bought such coverage for their own bike(ask your insurance company). Credit card companies sometimes cover damage/theft of rentals but most exclude "exotic" vehicles under which they most often place motorcycles as well.
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Old 03-26-2013, 11:48 AM   #5
ksoth OP
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Quote:
Originally Posted by YukonTracker View Post
Rental companies sometimes offer CDW (collision damage waiver). Technically not an insurance, but you pay a few coins a day more for the rental company to assume risk of damage/theft or both. Very few rental companies offer full coverage as standard. Simply because in most cases the excessive premiums would render business not viable because few customers would be happy to pay the price for rental, third party coverage, collision and comprehensive. As with coverage options for their own bike, renters have choice to assume a level of risk.

Insurance companies are iffy to work work with, most practice "cherry picking" and each country/province/territory has its own regulations on requirements, premiums etc.

Also some riders will be insured for damage and or theft for any bike they ride if they bought such coverage for their own bike(ask your insurance company). Credit card companies sometimes cover damage/theft of rentals but most exclude "exotic" vehicles under which they most often place motorcycles as well.
Ya that's what I'm running into... My insurance will only cover bikes I own, not rentals. I'll see about American Express if I pay for the rental with it, but their travel insurance excludes motorcycles from rental vehicles and also doesn't cover rentals in Australia... The rental place hasn't gotten back to me yet about what extra they offer. Right now it's a $2k excess I have to put down, but that doesn't cover theft.
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Old 03-27-2013, 07:07 AM   #6
drrod1
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I have found it virtually impossible to find insurance for rental bikes. I have tried all the major CC's and it is a no. My own MC insurance does not cover. What I have found (from renting in Europe and NZ) is that you can pay a daily fee, that reduces the deductible that you have to pay with the regular insurance, for any loss or damge to the bike. It usually runs about $20/day which seems like a lot until you add up the cost of the plastic bits from a simple, low speed, off.
The $20 fee reduces the deductible from anywhere around $2,000 to the $5-700 area. It is a form of insurance but in reality it is simply a fund created by the MC rental outfits. They have done the math and have found out that, over time, enough people opt for the extra, that it pays. The insurance actually does not change. The reduced deductible part is wholly funded by the rental outfit.
Hope that makes sense and is of some help.

Rod
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Old 03-29-2013, 01:59 PM   #7
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That one probably doesn't cover their lost revenue.I have found that to be the real issue in renting, even cars.
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