What is important when you buy motorcycle insurance?
Liabilities to third part for injury, death & property damage
This protection will pay for any damages that you cause to other people. If during an accident you injure someone, then the insurance will pay for the medical bills of that person. If you damage someone else’s car, motorcycle or even house fence, then the insurance will pay for the damages that you have caused.
Loss/damage to own vehicle due to fire or theft
This protection will pay you money when your motorcycle is stolen or damaged by a fire. A fire can happen if your motorcycle is standing next to a building that is on fire. The likelihood of fire is smaller than theft, but in the past, it has happened, and it is good to have protection for it.
Loss/damage to own vehicle due to accident
This insurance protection will pay for the repair or will pay you money when your motorcycle is damaged. In Malaysia, it is mandatory to have motorcycle insurance so that you can pay for the damages that you cause others. But it is not compulsory to have insurance for your motorcycle. If you have an accident and the other person was at fault causing the accident, then that other person will pay for the repair of your motorcycle. But if the policy determines that you were at fault, then you have to pay for your repair. The comprehensive motorcycle insurance will also pay for the damages of your motorcycle when it is your fault.
You can find more detailed information about the different types of motorcycle insurance here.