If your motorcycle is under a hire purchase agreement with a bank or a financial institution, normally you are required to be covered under a Comprehensive plan because your motorcycle is owned by the bank or financial institution until you finish paying your loan. Even if you’ve fully paid off your motorcycle, a Comprehensive plan can offer you protection from unforeseen damages to your motorcycle where otherwise the cost to repair could be out of your pocket.
Why do I need to be covered under the Comprehensive motorcycle insurance plan?
