Bike
Groupama now insures 1 in 6 motorbikes in the UK and is on the road to becoming the UK's number one bike insurer later in 2012. Our development writers offer expert underwriting with an extensive understanding of the bike market. Get in touch today to discuss how we can help boost your niche business with our tailored cover.
Please refer to the policy wording for full details of cover and applicable terms and conditions.
Overview
Who is it for?
| Optima Bike | |
|---|---|
| Riders of a wide range of motorcycles from scooters and mopeds to larger bikes. Supersports available to selected brokers. |  |
| Riders requiring comprehensive cover for bikes valued up to £15,000 | |
| Riders requiring third party fire and theft cover for bikes valued up to £5,000 | |
| Riders between 19 and 70 years of age | |
| Provisional licence holders | |
| Common modifications acceptable (and quoted for by your software system) | |
Commission
- 10%
Minimum premium for EDI new business
- Comprehensive - £85 plus IPT
- Third party fire and theft - £70 plus IPT
How to get a quote
Via your software house. To activate Optima Bike please contact your software house, alternatively speak to our Electronic Trading Team on 0161 830 1335 or email them at: manchester.service.desk@groupama.co.uk
Cover
Comprehensive and third party fire and theft
| Cover | Optima Bike |
|---|---|
| Loss of or damage to the insured vehicle | Up to market value |
| Third party injury | Unlimited |
| Third party property damage | £20 million limit |
| Audio equipment and satellite navigation equipment | Unlimited for standard fit equipment |
| Lost motorcycle keys and replacement locks | £400 limit |
| Emergency medical treatment | Unlimited payments as required by RTA |
| Overnight accommodation | £50 per person (comprehensive only) |
Excesses
| Excess | Optima Bike |
|---|---|
| Accidental damage, malicious damage, fire and theft | £150 to £500 (dependent on vehicle group) |
| Young and inexperienced riders excesses (additional to above excess): | |
| Under 21 | £150 |
| 21-24 | £100 |
| 25-29 | £50 |
| Inexperienced rider | £50 |
An inexperienced rider is defined as a person who has a provisional licence or a person who has held a full license for less than 12 months at the time of an event for which a claim is being made.
Benefits
Policy benefits
| Benefit | Optima Bike |
|---|---|
| Up to 9 years no claim discount | |
| Protected bonus available if four years or more no claim discount | |
| Full policy cover for 90 days within EU provided free of charge | |
| 24 hour accident / theft emergency helpline | |
| In the event of total loss, a new motorcycle replacement may be available providing motorcycle is under six months old and was first registered as new in the policyholder's name (comprehensive only) | |
| Guaranteed repairs for three years with a partnership repairer | |
Literature
Optima Bike
- Optima Bike combined policy summary (PDF, 193KB) - This link opens in a new browser window
Reference: None
Published: 25 August 2011 - Optima Bike policy wording (PDF, 382KB)- This link opens in a new browser window
Reference: GR242
Published: 4 April 2012 - Stay ahead with Optima Bike (PDF, 722KB)
Reference: GR353
Published: 10 May 2012
