With a Royal Enfield the question is rarely which cover is widest, but from what point own-damage cover still justifies itself against the value of the machine.
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In brief
Royal Enfield sits in a price bracket in which the sums around own-damage cover look different from the more expensive makes. The machine is insurable like any other: third-party liability is compulsory under Article 2 of the Dutch Motor Insurance Liability Act (WAM), and above that you choose third-party, fire and theft or comprehensive. The difference is that the value to be paid falls relatively quickly, while the own-damage premium does not fall at the same rate.
On top of that, these machines are often a first motorcycle. Anyone starting without no-claims years enters at the bottom of the no-claims scale and pays considerably more in the first years than a rider with a history built up. With a low own-damage premium that effect is relatively large.
Weigh those two things together. Look at what own-damage cover costs over a few years against the value that would still be payable then, and take the excess into account. the general page on motorcycle insurance for how the basic cover is built up.
The structure of the cover in three parts, with an overview per situation below.
Compulsory by law
Third-party liability
Damage you cause to others with your motorcycle.
Compulsory from registration onwards
Damage to other vehicles
Injury to third parties
Most chosen
Third-party, fire and theft
Theft, fire, storm and glass damage.
Theft with an ART lock
Fire and storm
Collision with animals
For a new motorcycle
Comprehensive
Including your own fault and a single-vehicle fall.
Single-vehicle fall
Vandalism
Unknown party at fault
What is covered
Situation
Third-party liability
Third-party, fire and theft
Comprehensive
Damage to another road user
Yes
Yes
Yes
Theft with an approved lock
No
Yes
Yes
Fire or storm in storage
No
Yes
Yes
A single-vehicle fall with no other party
No
No
Yes
Motorcycle clothing and helmet
No
No
Sometimes
Track use and speed competitions
No
No
No
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The trade-off between market value and own-damage premium
On a total loss, own-damage cover pays the value of the machine at the time of the loss, less your excess. That value falls each year. The premium for third-party, fire and theft or comprehensive does not fall proportionately. So work out once a year what the own-damage cover costs you against what is still payable. If the two come close, third-party liability with a good legal expenses or accident solution is often more sensible.
A total loss comes into view sooner at a lower value
A repair becomes an economic total loss as soon as the repair costs approach the value. On a machine of modest value that happens after a fall that would simply have been repaired on a more expensive machine. You then receive the value less the salvage value of the wreck and less the excess, not the repair. If you want to keep the wreck, the salvage value is set off.
Starting without no-claims years
Without a history built up you start low on the no-claims scale. If you drove a car before, ask whether those no-claims years can be carried across or taken into account; they are in Roy-data and are linked to one vehicle at a time. After a claim the insurer pays, you drop several steps, and that effect works through the rate for years.
With a small claim, claiming is not always sensible
A payment costs you the excess and a drop in steps that works through for years. With minor fall damage, paying yourself can work out cheaper. Reporting remains compulsory: Article 7:941 of the Dutch Civil Code requires notification as soon as you know of the loss, even where you decide not to claim. That keeps the option open if the damage turns out to be greater than you thought.
No theft cover without an approved lock
Almost every insurer requires an ART-approved lock, often category 4 or higher, and for more expensive motorcycles a tracker or locked storage. Keep the purchase receipt for the lock and both keys. These are the first things asked for in a claim.
Clothing and helmet belong separately on the policy
Motorcycle clothing does not fall under the own-damage cover for the motorcycle. Some insurers offer an extension, sometimes only in combination with an accident in which the motorcycle was also damaged. For a full suit plus helmet, the amount quickly exceeds a thousand euros.
What does your premium depend on?
Value of the model. A modest list price lowers the own-damage premium, but also what is payable on a total loss.
Engine capacity and power. Moderate power output leads to a lower class than sports or touring models of the same capacity.
No-claims step at inception. Starting without no-claims years weighs relatively heavily in this premium bracket.
Age and driving experience. Novice riders are rated higher, whatever the type of machine.
Excess chosen. A high excess makes claiming for minor fall damage practically pointless.
Storage and security. The lock requirement applies in this class too. Without an approved lock there is no theft cover.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Is third-party, fire and theft enough for my Royal Enfield?
That depends on the value and on the kind of loss you fear. Third-party, fire and theft covers theft, fire, storm and glass damage, but not your own fall. On a new machine comprehensive is defensible; as the value falls, the balance shifts. Set the own-damage premium over a few years against what would still be payable then.
What will I be paid if the vehicle is a total loss?
The value of the machine at the time of the loss, less the excess and less the salvage value of the wreck if you keep it. Not the repair costs and not the purchase price. Because at a lower value a repair quickly costs more than that value, fall damage that is limited in itself is settled as a total loss sooner than you expect.
I have no no-claims years, what does that mean?
You start at the bottom of the no-claims scale and pay more in the first years. If you drove a car before, ask whether those years can be carried across; they are recorded in Roy-data and can be linked to one vehicle at a time. Every claim-free year gains a step. After a payment you drop several steps and that works through for years.
Am I better off paying a small claim myself?
Often yes. You lose the excess and drop steps as well, which works through the premium for years. Ask the insurer what the drop means before you decide. You have to report the loss in any event. The law requires notification as soon as you know of it, even where you ultimately claim nothing for it.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
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