Moped Insurance Warranties - La Web de Seguros

Moped Insurance Guarantees

Did you know that not all moped policies cover the same thing? What seems obvious to some may be a surprise at the worst possible moment for others: an accident, breakdown or theft. The insurance guarantees for mopeds vary greatly depending on the insurer, the type of insurance and the additional coverage. In this article we explain clearly what these policies usually include, how they differ from motorbike insurance and what you should take into account before taking out a policy.

What exactly are the guarantees in a moped insurance?

The safeguards are the coverage commitments that the insurer assumes with you as the insured. That is, what will be protected if a claim or incident occurs. These guarantees can be mandatory (such as civil liability) or voluntary, if you decide to extend the protection.

In moped insurance, the basic guarantees usually include:

Compulsory civil liability: covers damage you cause to other people or vehicles.
Legal defence: the insurer assumes your legal defence against claims.
Claims for damages: if someone causes damage to your moped, the insurer can help you claim for it.

But there is much more you can include if you want to play it safe.

What guarantees are included in basic moped insurance?

Most of the cheaper moped insurances offer only the minimum required by law. This mainly includes compulsory third party liability. However, some companies add additional guarantees, even in their simplest forms.

Among the most common in basic insurance are:

Roadside assistance (although it may have limitations on distance or number of interventions).
Driver's insurancewhich covers the insured's own injuries.
Legal coverage such as defence and claims for fines or damages.

It is important to check what is included in the "basic insurance" you are about to take out. Not all of them offer the same thing. If you have any doubts, contact our advisers at The Insurance Web and we will help you review the guarantees included in your current or future policy.

Does motorbike insurance cover the same as moped insurance?

The answer is no, do not cover exactly the same thing. Although both two-wheeled vehicles may appear similar, policies are tailored to the type of use, power and profile of the driver.

A moped is usually used for short journeys, at lower speeds and by younger or urban driver profiles. For this reason, the policies are more adjusted in price and coverage. On the other hand, a larger motorbike may need extra guarantees such as:

Equipment coverage (helmet, jacket, gloves)
Own damage
Replacement vehicle
Theft and total loss

If you are thinking of switching from a moped to a motorbike or vice versa, it is essential to check the guarantees of both policies and not assume that they are the same.

Most common guarantees in a light motorbike insurance policy

For mopeds and light motorbikes (up to 125 cc), many policies offer guarantees designed for drivers who use them on a daily and urban basis. These are some of the most common:

Travel assistance from km 0: very useful if the moped won't start or breaks down far from home.
Theft and fire: even if it is a small vehicle, theft is not uncommon. This guarantee is usually highly recommended.
Driver accidents: compensation in case of injury or death.
Points recovery course: some policies include it if you lose your licence for offences.

As always, we recommend you to read in detail the General and Particular Conditions of your policy. There you will see the limits of each guarantee and, above all, their exclusionswhich are just as important as the coverages themselves.

How do I know what guarantees are included in my insurance?

Very simple: check your policy documents. All the information about the guarantees contracted appears in the summary of particular conditions. You will also find a detailed description in the general conditions of the insurance.

If you already have insurance and you are not sure what you are covered for, or if you are considering options, it is best to consult an expert. You can contact us at lawebdeseguros.com and we will answer your questions without obligation.

Conclusion

The guarantees of the insurance for mopeds are a key part of choosing the right policy. It is not enough to just look at the price. Understanding what you're buying will save you hassle and give you peace of mind.

Remember:

Not all insurances include the same.
Warranties vary according to vehicle type and use.
Exclusions are as important as coverages.
The best decision is an informed one.

If you need help, we are here to advise you in a non-technical way.

Compulsory Insurance (R.C.S.O.):

The compulsory insurance provided by law shall guarantee Civil Liability cover with the following quantitative limits.

* In Personal damages 70,000,000 Euros per claim (Whatever the number of victims).
* In 15.000.000 Euro per claim.

As it is regulated by law, this guarantee will cover the same capitals, regardless of the insurer, and will be updated according to the European consumer price index.

It should be borne in mind that the compulsory insurance does not cover damages or losses caused by the injuries or death of the driver himself who caused the accident, nor the material damage suffered by his own moped or goods transported owned by the policyholder, owner, insured or driver, as well as his spouse or relatives up to the third degree of consanguinity or affinity.

Voluntary Insurance (R.C.S.V.):

The sum insured in this guarantee will be that which appears in the particular conditions of the policy, although it is usually around €50,000,000.
It covers indemnities to third parties exceeding the limits of compulsory insurance, in accordance with the legal provisions in force.

Legal Defence (Defence and claims for damages):

Includes the payment of expenses for the legal assistance and defence of the insured person in judicial, administrative or extrajudicial procedures related to traffic accidents.
It also covers claims for damages to third parties, payment of costs, bail bonds and more.

The insurer may allow the free choice of professionals by the insured person, although with a financial limit. This limit is usually indicated in the General Conditions.

In addition, many companies include defence against administrative penalties for traffic offences, including legal advice and appeals.

Driver and/or Occupant Accidents:

This guarantee covers the driver, who is excluded from the compulsory third-party liability cover.
Includes compensation for death, permanent disability (total or partial) and medical-pharmaceutical assistance.

Although in the past, close relatives were also excluded, nowadays only the driver is excluded. However, some insurers allow the occupant to be included as well.
Capital sums may vary according to the company, which usually offers several contracting options.

Travel assistance:

It includes multiple benefits for both the vehicle and the people being transported, in the event of a breakdown or accident.

All arrangements must be made through the insurer's 24-hour service, otherwise there may be no reimbursement.

Some frequent coverages:

Vehicle: on-site repair, towing, rescue, key dispatch, repatriation, dispatch of driver due to illness or accident.
Occupants: hotel, transfers, repatriation, deposit advances, medical expenses abroad, shipping of forgotten objects, help with lost luggage, etc.

Occupant benefits:

Depending on whether it is a breakdown, accident or theft, occupants may be entitled to:

- Accommodation and/or transport for onward travel
- Medical repatriation or death of a family member
- Legal assistance abroad
- Displacement of a family member due to hospitalisation
- Reimbursement of medical expenses abroad
- Sending forgotten documents or objects
- Transmission of urgent messages
- Assistance for lost luggage

Always with the limits and conditions established by each insurer.

Fire:

Covers damage due to combustion, explosion or lightning strike, both partial and total.

The valuation of the vehicle depends on the age of the vehicle and the policy of the insurer.
For example, some offer 100% of the value as new for the first 2 years and then a percentage of the market value according to GANVAM tables, although there may be variations.

Theft:

Compensates the insured if the vehicle is illegally stolen and does not appear within the period established by the insurer (normally between 30 and 40 days).

Compensation will depend on the age of the vehicle: some insurers cover 100% of the value as new for the first few years, and then a percentage of the market value. Conditions can vary widely between companies.