Moped/Scooter insurance questions?

[Lila]

Purchasing new moped/scooter in Bali soon. Is moped/scooter insurance against damage & theft expensive/worth it/payable in monthly installments? Anyone have this type of coverage/or know what it costs per month approximately? Any responses are much appreciated!

 

[HappyMan]

Purchasing new moped/scooter in Bali soon. Is moped/scooter insurance against damage & theft expensive/worth it/payable in monthly installments? Anyone have this type of coverage/or know what it costs per month approximately? Any responses are much appreciated!

I was under the impression that you are generally required (by the lender) to have insurance on a vehicle while you make payments on it. Probably standard everywhere in the world, as it essentially insures the lender while costing them nothing.
If you purchase the scooter outright... I don't know. Got nothing. Never bought a motorbike, only drove the ex around on hers.

 

[harryopal1]

If you purchase scooter from a company, as HappyMan say's, they will cover if buying on credit but they will not cover buying outright as was the case when I bought my wife a scooter. However, I imagine you might get insurance cover through an agent but not especially expensive.

 

[scouser59]

Purchasing new moped/scooter in Bali soon. Is moped/scooter insurance against damage & theft expensive/worth it/payable in monthly installments? Anyone have this type of coverage/or know what it costs per month approximately? Any responses are much appreciated!

My nmax full accident fire theft , 3rd party {max 10 million} 400k payable yearly . allianz

 

[Lila]

My nmax full accident fire theft , 3rd party {max 10 million} 400k payable yearly . allianz

Thank you so much @scouser59 for the information. I have one of my life insurance policies with Allianz... definitely need to check out their rates and if they will cover for full cost/replacement of moped/scooter. Thanks again! Mike 🏍