Yamaha is one of the favorite motorcycle brands in Indonesia. Just like other two-wheeled vehicles, this motorbike originating from Japan is also not free from the risk of being damaged or lost. One way to keep your emergency fund savings from being drained for repair costs is to use the following Yamaha motorcycle insurance.
Benefits of Having Motorcycle Insurance
Just as car insurance protects customers from financial losses due to repair or loss of a vehicle, motorcycle insurance same.
Each insurance company offers protection from damage due to collision, collision, collision to loss due to theft.
So, your burden will be lighter when you experience these risks because the risks have been shared and transferred to the insurance company.
In addition, generally, by having motorcycle insurance you are also equipped with life insurance. Usually the form of claim is in the form of compensation with a note that the policyholder has an accident that results in permanent disability and is unable to work, or an accident that results in the loss of the policyholder's life.
Another benefit of having motorcycle insurance is that your motorcycle will be financially protected. For example, when you experience a collision that results in the motorbike being badly damaged, you only need to contact the insurance company.
Later the insurance will help and your motorbike will be handled immediately. Unlike if you do not have insurance, emergency funds are forced to be drained.
Yamaha Motorcycle Insurance Premium Calculation Simulation
Motorcycle insurance premiums are insurance costs that must be paid to obtain coverage benefits for your Yamaha motorcycle.
The amount of the price varies, depending on the condition of the vehicle, region, type of policy, and additional guarantees.
The amount of motorcycle insurance premium itself is very dependent on three things, namely:
- Motorcycle price range
- The area where we live
- Desired expansion
All Risk Motor Insurance
All Risk or Comprehensive Motor Insurance generally provides protection for motorbikes in the event of a small, large, or loss accident.
| Sum insured | Region 1 | Region 2 | Region 3 |
|---|---|---|---|
| All sum assured | 3,18% – 3,50% | 3,18% – 3,50% | 3,18% – 3,50% |
Description:
- Region 1: Sumatra and the surrounding Islands
- Region 2: DKI Jakarta, West Java, and Banten.
- Region 3: Apart from Region 1 and Region 2.
TLO Motor Insurance
Total Loss Onlye Motor Insurance or TLO provides protection for motorbikes from the risk of loss. TLO covers the risk of theft and damage if repair costs are estimated to be equal to or exceed 75 percent of the vehicle price immediately prior to the loss.
| Sum insured | Region 1 | Region 2 | Region 3 |
|---|---|---|---|
| All sum assured | 1,76% – 2,11% | 1,80% – 2,16% | 0,67% – 0,80% |
Description:
Region 1: Sumatra and the surrounding Islands
Region 2: DKI Jakarta, West Java, and Banten.
Region 3: Apart from Region 1 and Region 2.
Yamaha Motorcycle Insurance
Currently there are a number of general insurance companies that offer insurance products for motorcycles with attractive benefits. The following are recommendations from The Newbie.
1. Zurich Motopro Insurance (formerly Adira Motopro)
Motorcycle insurance product, Motorpro , from Zurich provides Total Loss Only (TLO) protection for your favorite Yamaha motorcycle. This protection provides compensation if the motor is lost or the total damage is more than 75 percent.
This product may also be equipped with extended personal accident coverage, medical treatment costs, and third party liability coverage.
There are two protection packages offered, namely Motopro Classic and Motopro Classic Plus which you can choose according to your needs.
The terms and conditions for using Zurich Insurance include: the maximum age of the vehicle is seven years, the use of the vehicle can be personal and official, the coverage period is one year, and additional equipment cannot be guaranteed in this product.
Both of them provide benefits in the form of:
- Reimbursement of 100% of the sum insured for total damage / loss (>75%) from accidents, fires, or thefts
- Extension of third party legal liability guarantee to a maximum of IDR 10 million
In addition, you can also choose an extended warranty which includes:
Personal Accident
Coverage due to an accident experienced by the driver. The maximum compensation is the sum insured for the driver causing death or total permanent disability.
Cost of treatment
Reimbursement of medical expenses for drivers due to accidents while driving. The maximum replacement fee is 10 percent of the personal accident limit, during the insurance period.
Hurricanes, Floods, Hurricanes, Hail, Puddles, and Landslides
Replacement with a percentage reaching 75 percent or more of the market value of the vehicle.
Legal Liability Towards Third Parties
Compensation due to third party claims for the insured vehicle due to an incident or events that occur directly.
2. Simas Motor Insurance
Simas motor is a motor vehicle insurance product from PT Asuransi Sinar Mas which provides special protection for your favorite Yamaha two-wheeled vehicle. The basic guarantee is TLO.
Two-wheeled vehicles that can be insured under simas motor are two-wheeled vehicles that are used for personal or official purposes (ojek cannot) with a maximum age of your Yamaha motorbike of 10 years.
The premium is paid annually or according to the policy period. Simas motor products can be purchased in several ways:
- Online through the website www.sinarmas.co.id
- Via the Simas Call Center at 021 5050 9999, or
- Come directly to the nearest Sinar Mas Insurance branch office.
Regarding the amount of OR (Own Retention / Own Risk) in the event of a motorcyclist claim, it is 10 percent of the insured value, a minimum of IDR 750,000.
3. Friends of Insurance
As of March 31, 2020 PT Bess Central Insurance changed its name to PT Asuransi Sahabat Artha Proteksi or Sahabat Insurance . Sahabat Insurance guarantees two-wheeled vehicles such as motorcycles including Yamaha, scooters, and other similar vehicles.
The risks borne by Sahabat Insurance include damage due to collisions, theft, riots, natural disasters, and the risk of third party legal liability.
The claim process is claimed to be fast, professional, and supported by an extensive network of partner workshops.
4. Astra Garda Motor
Garda Motor is the flagship product of Asuransi Astra. This product can provide comprehensive protection for your favorite Yamaha motorcycle.
Garda Motor only offers TLO type motorcycle insurance which guarantees if your motorcycle requires repair costs of more than 75 percent or is lost due to theft.
This product can also be extended with warranties such as Extended Driver's Personal Accident Cover or Extended Driver's and Passenger Accident Coverage.
The simulation for calculating Garda Motor Insurance premiums for Yamaha motorcycles is as follows.
Insured A owns a Yamaha motorbike for Rp. 20,000,000 for Garda Motor products with a TLO guarantee and a tariff of 1.80%.
Then the premium amount is Rp. 20,000,000 x 1.80% = 410,000 plus the policy administration fee.
If during the insurance period there is a total loss or damage which after the estimated price of the motorbike just prior to the loss is Rp. 19,500,000, then Insured A will receive a compensation of Rp. 19,500,000 minus own risk as stated in the Summary of Insurance.
For more details, you can visit the Astra Garda Motor or contact the Garda Access Call Center at 1500112.
Regarding the claim procedure, it is quite easy. You only need to report the incident by bringing a photocopy of your ID card and driver's license as well as a police certificate. After that, Astra will investigate the incident and the results of the investigation will be informed to you. After that, compensation will be paid.
Those are some recommendations for Yamaha motorcycle insurance that you can check and consider.
By having the best Yamaha motorcycle insurance, you and your favorite motorcycle will get protection from the risk of damage or loss.
So you don't have to worry about draining your savings if your Yamaha motorcycle is damaged or even lost.
Instead, you are only required to pay insurance premiums on time according to the terms of the policy.
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