There is an urgent need to use motorcycle insurance among bike riders in Cameroon. Motorcycle transportation has become part of the public transportation in Cameroon. Unfortunately, these very vital tools for mass movement are frequently not insured.
Motorcycle Insurance in Cameroon
Motorcycle insurance falls under the motor insurance category. Bike riders require a Category A license to operate these machines. It is the protection against financial loss should a motorcycle accident occur. Almost all insurance companies in Cameroon underwrite motorcycle insurance. Motorcycle insurance works the same as any other type of insurance. You pay a premium, and the insurance company agrees to pay out on specific criteria should the insured events happen. Depending on the insurance provider, policies may change and insurance rates.
Motorcycle Insurance Coverage
Full coverage motorcycle insurance is much like full coverage car insurance, where drivers are covered for almost every situation. Full coverage motorcycle insurance provides for the following protection; Repairs to your motorcycle to restore it back to its original condition, replacement of your motorbike should it be declared non-repairable.
If you are at fault, the insurer will repair or replace the property of the third party, as well as savage fees and transportation expenses while your motorcycle is being repaired.
As we have in motor car insurance, third party motorcycle insurance is similar to third party car insurance; motorcycle owners are only covered for the damage they cause to a third party. The cost to replace or repair the motorbike would not be covered.
Every insurance company has slightly different policies, but it is basically the same rules. You must check and understand your policy to ensure that it covers all your needs.
There are guides to saving some premium in motorcycle insurance, and it is expedient that prospective buyers of insurance should understand them to be well placed.
For instance, it is essential to know that motorcycle insurance varies depending on the size of the engine and a few other factors. The most common types of motorcycle insurance purchased in Cameroon are mainly the Chinese brands such as Nanfang. Others are Yamaha motorcycles and Suzuki motorcycles.
Read Also: Travel Insurance in Cameroon.
Most insurance companies provide motorcycle insurance; however, it is not as common as other policies such as travel insurance, life insurance, car insurance, or property and contents insurance. Because of the importance of this means of transportation in the country, it is worth noting that prospective buyers should understand a few tips that can assist them in getting the best cover.
Motorcycle Insurance in Cameroon: Coverage and Quote Tips
The following tips can help you to save on your motorbike insurance:
Shop around for motorcycle insurance quotes. Contact at least three insurance companies and evaluate their policies carefully. Consider grouping your motorcycle insurance with other insurance policies because most insurance providers give package discounts.
It is wise to consider paying your motorcycle insurance annually. This reduces administration and invoicing costs for the insurer, and the savings are usually passed on to the policyholder.
To reduce your motorcycle insurance, riders must maintain a good driving history. This is inclusive of past driving records. Most Okada riders in Cameroon are known for rough driving. Such a notion of them can influence the premium that may be chargeable to them. Consider completing a defensive driving course. This is another excellent way to get cheaper motorcycle insurance rates.
Store your motorbike safely, preferably in an enclosed place within the home. If you don’t have enough space, it's typical in the areas populated mainly by these groups. Ensure that it is packed in a place where you can keep a close watch over it... This will reduce the risk of theft. Make sure you bring this to your insurance provider's attention when prospecting for a cover.
Consider purchasing comprehensive motorcycle insurance as opposed to third-party motorbike coverage. In a low-speed accident, a motorcycle incurs more severe damage than a car would incur at the same speed. If you are the cause of the other vehicle being covered, you will not be reimbursed for replacing your motorbike. Therefore, it is essential to carefully evaluate the pros and cons of cheaper motorcycle premiums.
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