Do you know what modifications your bike has?
Have you declared them?
In the event of an insurance claim would you expect your modifications to be covered and replaced?
Modifications are defined as ‘road legal changes to your bike that enhance performance, value or theft appeal’ and Bennetts, the UK’s no.1 bike insurance specialist, recently conducted an independent survey which showed that whilst 83% of riders know their bike carries at least one modification, only 56% have been declared to their insurer.
It’s figures like this which has lead Bennetts to now include 16 of the most common modifications as standard including braided hoses, a tail tidy and upgraded lights/indicators.
The topic of bike modifications has long been a grey area, with different rules on what does and does not need to be declared. The IPSOS Mori survey also found that 29% of riders claim that they were not aware that their change was a modification which backs Bennetts’ urges for all riders to check policies to ensure they are properly covered. In the event of a claim the last thing you want is to find out that you’re pride and joy won’t be restored to its former glory, or worst still, your policy is invalid.
Matt Long, Commercial Director, Bennetts, said: “Most motorcyclists understand that performance enhancing changes like exhausts and shock absorbers are modifications and should be declared to their insurance company but, technically, a modification can be defined as any change to the bike, however small. That means that practical items like heated grips and Scottoilers, as well as non-OE consumables such as tyres, steel brake hoses and air filters are, strictly speaking, modifications to the standard bike.
"Our aim is to provide a simple and transparent policy that avoids confusion; we are proud to cover 16 of the most common mods as standard and in the unfortunate event of a claim we stand by our customers, ensuring that modifications are fully reinstated. Our customers don’t need to tell us if they have any of our 16 standard modifications but obviously if it’s something that’s not on our standard list, or there is any doubt whatsoever, it’s best to get in touch with our specialist call centre.”
According to the survey, 52% of those questioned also said that they believed that their bike would be returned to its pre-claim condition, with a quarter expecting that it would be put back to showroom specification. While most other bike brokers, including MCE, simply return the bike to standard specification and do not cover the cost of replacing modified parts, Bennetts replaces any standard and declared modifications on a like-for-like basis.
Ipsos MORI surveyed 500 UK motorcyclists about bike modifications and their expectations from insurers. Among the results, they found that:
Click here for further information and a full list of standard modifications.