Motorcycles and their riders are a different breed, but they’re not all the same. Insuring them can demand a substantial investment to reach a niche market. But having a sound motorcycle program can pay dividends in loyalty from customers who bundle their personal coverages.
The ISO Motorcycle Program gives you ready-to-use tools to meet the needs of this unique market. By-coverage rating relativities and procedures enable pinpoint accuracy; industry-standard, court-tested policy forms instill confidence; and refined rating codes account for all classes of the 8.3 million registered motorcycles on the road in the US.
Get by-coverage rating relativities for motorcycle type, engine size, and MSRP, as well as eligibility requirements, territories reflecting seasonality, and motorcycle base loss costs. The manual also contains by-coverage classification factors that recognize various exposures, including operator age, serious accidents, violations, and more.
And you’ll find rating procedures for stated amount and agreed-value coverage, motorcycle-related discounts, and rules and rating procedures for other recreational vehicles.
Our industry-standard, court-tested policy form has been adapted from the ISO Personal Auto Program to create a motorcycle policy that provides liability, medical payments, uninsured motorist, and physical damage coverages.
The ISO policy includes motorcycle-specific definitions and base limits for specialized and custom equipment, extending even to rider safety apparel.
The 10-digit VIN—now available through VINMASTER® Motorcycle—provides details such as engine size code, MSRP range coding, vehicle type code (indicates chopper, off-road, etc.), and all corresponding codes and rating factors.
Risk differentials are accounted for across the spectrum of damage and injury coverages for all classes of motorcycles, from the most accident-prone Supersport types to the safest classes.
Determining the proper premiums for personal auto policies can be tricky business, especially for collision and comprehensive coverages.
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