Motorcycle replacement scheme

Around half of all motorcycles damaged in accidents are written off. The percentage is even higher for older bikes, mopeds and scooters. The problem is: a total loss can mean you lose a client.

All too often there’s disappointingly little left from the clients settlement cheque once any existing finance has been paid off – and a very good chance this won’t be going towards a new bike, which is a hobby for most owners rather than a daily means of transport.

So there’s a very good chance you are going to lose a client – unless you take positive action to manage the claim so there’ll still be a bike to insure at the other end. Or – better still – let us do it for you!

Around half the UK’s motorcycle insurers are willing to underwrite a replacement bike scheme for bikes under six months old – but what about older bikes?

We have taken the initiative by setting up a dedicated motorcycle replacement department. The first step is to arrange a chat for your client with a member of our experienced team. They will be able to talk about the bike that is being written off, begin managing the client’s expectations, and guide them through the replacement process.

This initial consultation helps ensure the client’s settlement figure expectations are realistic, and also allows us to compile evidence to challenge any insufficient offer. We can also advise on settlement or consolidation of existing finance or claiming on GAP policies.

Once the claim has been settled we can offer unbiased advice on replacement options. We can then leverage our relationships with key main dealers, importers or manufacturers to offer a competitively priced replacement or upgrade for the client. End result: one happy client to renew their insurance through you.