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BIKE MODIFICATIONS
Modifications don't mean big insurance price hikes
Too many motorcycle owners are failing to tell their insurers about
modifications to their bikes either because they fear the changes
will increase their insurance premiums, or because they don’t
realise they need to. However, following a recent review, we can
reveal that many of the most common modifications actually have
little or no effect on premiums at all.
This contrasts with failing to tell an insurer about modifications
which could result in the insurer refusing to pay when a claim is
made - particularly if the modification is a factor in the claim.
Many of Britain’s bikers’ favourite modifications have
virtually no impact on insurance premiums. These include modifications
such as crash bars, crash mushrooms, road legal after-market exhausts,
huggers, up-rated braking systems and a five per cent increase in
engine capacity.
Other modifications including wheels, suspension, Dynojet and tank
pads may also be accepted by insurers and would result in only a
moderate premium increase.
Modifications that are likely to be expensive to insure are: increasing
engine capacity over five per cent, custom motorcycles and nitrous
oxide injection.
Commenting on the review, Devitt’s Managing Director William
Hughes said: “One of the most important principles underlying
any kind of insurance is that all relevant information must be passed
on to the insurance company. That’s the only way an insurer
can understand precisely what risks they’re covering and calculate
a fair price."
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