Adequate insurance required for road-users to lower debt risk?

Road-users may want to ensure they choose an adequate insurance cover to prevent the costs of any unforeseen accidents adding to their debt concerns.

This is because new research from Defaqto has discovered some policies do not take into account all the damage that could be sustained in the event of a collision.

The organisation found this problem could be particularly relevant to motorbike users, as riders involved in such an incident risk paying out for both the machine and the protective items they are required to wear.

It was revealed only four per cent of motorcycle insurance policies provide cover for this clothing, which can include a helmet, leathers, boots and gloves.

Moreover, the investigation highlighted 54 per cent of the deals do not offer protection for these garments, while 42 per cent of the premiums only take into account clothing cover as an optional extra.

Mike Powell, Defaqto’s insight analyst for general insurance, noted wearing the protective outfits is common sense to all users, but warned it can cost a biker in excess of £1,000 to kit themselves out in suitable garb.

The industry expert advised: “It really is worth checking whether your motorbike policy covers clothing in addition to the cover for the bike itself and any excess that may be applied.”

People need to examine their cover carefully, as additional annual premiums can range widely in price, he added.

A recent study carried out by Confused.com found many individuals in Britain have lied in regards to their motor insurance in an attempt obtain cheaper deals.

By James Francis