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Old 04-24-2014, 02:56 AM   #1
GravelSurfer OP
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Accident and Illness Insurance for bike riders?

Hi all, I am a self-employed tradesman and have always had to have Accident and Illness insurance as well as Public Liability. Like a lot of busy people I'm not known for reading the "fine print" very well. This time round it bit me in the arse! I was recently injured requiring surgery to plate a broken bone, normally requiring 4-6 weeks to heal. As I lay in hospital contemplating my position, I took some comfort in the fact that I thought my insurance cover would at least help run the house and keep food on the table. To my surprise, I was informed that my insurance would not pay up if the injury was a result of any kind of motorcycle riding!! Nine days after surgery I'm back at work, which sucks!
My question is: does anyone know an insurer that offers these kind of policies, that does NOT exclude motorcyclists??
Any help or advice is appreciated!
Cheers
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Old 04-24-2014, 03:04 AM   #2
stujamur
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I use one path and it covers motorcycling ( but not racing ) . 75% of income for up to a year - kicks in after 1 month .
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Old 04-24-2014, 03:06 AM   #3
Dr AT
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My policy was originally with axa ( who merged with amp) , it allows motorbike riding but not racing. I've been told that I can notify them I'm going racing and they will cover it for more $ , but I don't want to give them an excuse to re evaluate my cover ( ie request a medical , I have nothing to hide but I can't be frkd)
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Old 04-24-2014, 03:08 AM   #4
Sean-0
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http://www.cipq.com.au/

dont know if there is something like this in the act ....my employer pays for mine but i know it can also be self funded ...not alot of money but a good policy and cheap ...it covered my bills and a few bucks for some beer whilst i was of work for 3 months
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Old 04-24-2014, 05:12 AM   #5
Tradey
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Super

Most superannuation funds provide Income Protection Insurance and cover up to 85% of your annual income.

For example if you earned 60k PA - they will pay up to $4,500/month with a premium of $50.30/month. Maximum pay out is up to 2 years.

Thanks for the heads up on motorcycle usage, no exclusion in my super policy.
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Old 04-24-2014, 06:47 AM   #6
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Thanks to all who have replied so far, its given me plenty to go by!!
The racing side of things is always going to be an issue. If anyone is interested Motorcycling Australia offer a policy for competitors. Its limited, but better than nothing I suppose....
Cheers!!
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Old 04-24-2014, 04:40 PM   #7
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Did you have your accident on a public rd in Vic. If so TAC will cover you. Not sure what other states do as far as road accident insurance.
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Old 04-24-2014, 04:47 PM   #8
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Quote:
Originally Posted by Philmeup View Post
Did you have your accident on a public rd in Vic. If so TAC will cover you. Not sure what other states do as far as road accident insurance.
I can vouch for that. The TAC covered pretty much all of my expenses after an off last year and gave me about $5k for wages as well.

Cheers

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Old 04-24-2014, 04:56 PM   #9
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I'm self employed and also "race". My current policy is with one path but after bumping into a friend I used to road race with and then talking to my wife it turns out my policy is next to useless. I'm not covered for racing which is no suprise, I'm also not covered for practice either which is so vague it's not funny. Turns out most policies are designed not to pay out according to my mates wife who is a risk accessor specialising in special risks, ie guys and girls who go out and do all the stuff that makes life interesting (she insured Casey Stoner for the V8's) the off the shelf policies are for people who sit on the couch.
I gave her all my details and she's looking at setting me up with something worth having now as all my existing policies are up anyway.
She's promising better cover for less premiums so I'm looking forward to seeing what comes of it. Apparently it's a free service and when I have to claim (and I will ) she does all the paper work for the claim, she gets paid by the insurance companies.
Sounds good but we'll see.
I got my wife dealing with it as she and the kids are the ones who will be in trouble in the worst case, plus she's smarter than me


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Old 04-24-2014, 05:11 PM   #10
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I hear you Neil!! If your contact comes up with anything useful let me know. I reckon she'll do alright if it's a policy we can all use!!
I was racing off road, but I only do that once or twice a year, and may never again given the potential risk to my family if I can't be covered. The same seems to apply to some life policies, so we all need to check the fine print! I ride every other weekend on the trails, and will be happy if I can be covered for social riding.
I'm sure there's something out there....
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Old 04-24-2014, 05:16 PM   #11
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Quote:
Originally Posted by Philmeup View Post
Did you have your accident on a public rd in Vic. If so TAC will cover you. Not sure what other states do as far as road accident insurance.
Na, off road during the recent Condo 750... And I don't live in Vic, unfortunately!
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Old 04-28-2014, 08:01 PM   #12
Tradey
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Double or nothing

Further to my post about income protection with your superannuation fund, today I received a letter from my fund advising an increase in premiums by 120% !!!!!

For $5,000 monthly cover my premium has gone from $6.38 to $13.97 a week ???

F - M - Dead !

Will be reviewing this for sure.
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Old 04-28-2014, 11:01 PM   #13
GravelSurfer OP
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Quote:
Originally Posted by Tradey View Post
Further to my post about income protection with your superannuation fund, today I received a letter from my fund advising an increase in premiums by 120% !!!!!

For $5,000 monthly cover my premium has gone from $6.38 to $13.97 a week ???

F - M - Dead !

Will be reviewing this for sure.
Wow! Is this as a result of you notifying them of your hobbies, or did it come out of the blue?
Cheers
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Old 04-29-2014, 12:22 AM   #14
Tradey
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Today's notice came out of the blue... so that will teach me from opening my fat mouth in future. There is nothing in the policy about motorcycles, so no issue there.

Have contacted my accountant to investigate alternative options as the premium rises were outrageous. When was the last time something doubled in price overnight ?

(Thank you to 'Dr AT' for your advice on this).
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Old 04-29-2014, 01:36 AM   #15
GravelSurfer OP
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Quote:
Originally Posted by Tradey View Post
Today's notice came out of the blue... so that will teach me from opening my fat mouth in future. There is nothing in the policy about motorcycles, so no issue there.

Have contacted my accountant to investigate alternative options as the premium rises were outrageous. When was the last time something doubled in price overnight ?

(Thank you to 'Dr AT' for your advice on this).
So far I have found that all policies note "dangerous" pastimes, with examples, or left vague. As someone said earlier in this thread, insurance policies are written to minimise the chance of a payout.....
My broker has come up with a few that don't actually exclude riding, but you have to nominate it as a pastime, or run the risk of being deemed "dangerous pastime". He's looking for the best deal at the moment, and as soon as I have a decent policy I'll post it up here.
It really was a shock to me to realise that insurance companies could just exclude motorcycle related injuries, when so many people ride socially, commute to work etc. Assholes.....
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