Notice to Policyholders – Motorcycle Policy

Motorcycle Policy

We would like to inform you that your Motorcycle policy has been updated with effect from the 1st
August 2024. This is a summary of the main changes made.

1. The section ‘Changes we need to know about’ has been clarified so that you can understand
   better what information you need to share with us.
2. We have defined ‘Constructive Total Loss’ and ‘Total Loss’ which relates to when the damage
   to the motorcycle is such that the repair costs exceed its market value or sum insured.
3. The limit for automatic authorisation of minor repairs to your vehicle has been increased to
   €250.
4. The ‘New Motorcycle Concession’ terms now specify that for this benefit to apply you need
   to insure your motorcycle for the purchase price.
5. The Limits of Indemnity per accident under the liability section have been increased to €6.45m
   for injury and €1.3m for damage.
6. We have clarified that if there is a claim arising when your motorcycle is in the custody of
   another person, for the purpose of service or repair, we will cover your loss, but we will have
   the right to recover the amount paid from the person responsible.
7. We have defined better how No Claim Discount works.
8. The cover applicable for when you take your motorcycle abroad has also been clarified and
   we have also extended the definition of ‘designated states’ being the countries in which
   liability is automatically covered by including new countries.
9. The own damage cover will now continue to apply when using your motorcycle is another
   designated state up to 30 days in any one policy period.
10. We have clarified that any liability, loss, or damage caused by a deliberate act involving your
    vehicle will be excluded.
11. The exclusion relating to liability resulting from pollution or spillage has been reworded to
    make it clear that only accidental spillage is covered.
12. Liability cover for accidents occurring outside a public road is now the same as that for
    accidents occurring on a road.
    Motorcycle Policy
13. Liability arising out of charging stations, including ancillary equipment unless your motorcycle
    is connected to such equipment is excluded.
14. The policy now makes it clear that drivers need to always have a valid driving licence and only
    allows a grace period of 60 days from the date of expiry for it to be considered valid under the
    policy. No cover will otherwise apply.
15. New definitions for ‘Electric Vehicle’ and ‘Drive Battery’ have been included to remove any
    doubt as to what we mean when using these terms.
16. We have reworded some of the policy conditions to make it clear that:
    a. When cancelling the policy, you must notify us within 90 days and before the expiry
    of the policy.
    b. If fraud is detected in a claim the policy will be deemed void and no refund of premium
    is payable.
    c. We can change the terms and conditions of the cover applicable on renewal of the
    policy and that you will be notified of any such changes prior to renewal.
    d. You are responsible to ensure that the vehicle’s tyres are in a roadworthy condition
    and shall not drive the vehicle if there is a risk of further loss or damage.
17. The address of the Office of the Financial Services Arbiter has been updated

Important
It is the policy wording document that defines the insurance in precise terms and remains the legally binding document. Should you have any difficulties or questions about the revised wording please contact us.
The policy wordings may be found here: Motor Policy wordings