AAMI Motorcycle Comprehensive Insurance Policy

What do we mean by that?

AAMI, we, us, and our mean Australian Associated Motor Insurers Limited (ABN 92 004 791 744).

Agreed value is the most we will pay for your bike, less any excess and any other deductions this policy explains, for any accidental loss and damage covered by this policy occurring during the period of cover. The agreed value includes GST. The current agreed value is shown on the most recent of your insurance schedule and your renewal notice. See page 9 for how we set your bike's agreed value.

Bike means a motorcycle or scooter.

Cover and covers mean the protection provided by your policy.

Endorsement means a special condition that applies to your policy. For example, an endorsement may state that riders under a nominated age are not covered under the policy. Any endorsements to your policy are shown on your policy schedule.

Excess. An excess on your policy is the first amount that you must contribute towards each claim. When one or more excesses apply to your policy, they will be shown on the most recent of your insurance schedule and your renewal notice. Click here for more information on Excesses.

PDS means Product Disclosure Statement.

Period of cover means the current period for which we have agreed to provide you with insurance cover. The current period is shown on the most recent of your insurance schedule and renewal notice and any receipt we may send to you. When we make a write-off payment or replace your bike, the period of cover comes to an end. Click here for more information.

Policy means this PDS (including any supplementary PDS) and your policy schedule.

Your policy schedule comprises the notices we give you which show the particular details and the current status of your policy. These notices are the most recent of your insurance schedule and renewal notice, and any receipt we may send you.

Your insurance schedule sets out the information you have given us on which we have based our decision to insure you as well as the individual details of your policy. We will send you an updated insurance schedule whenever you advise us of a change in this information or these details.

Use. The types of use of your bike that we insure are:

Private use: Use of your bike for -
social, domestic and pleasure purposes, and

commuting to/from work and incidental business use where you are not using your bike during your full-time, part-time or casual working period as an integral means of earning an income.
Business use: Use of your bike -
during your full-time, part-time or casual working period as an integral means of earning an income that you have told us about and we have agreed in writing to cover, and

for social, domestic and pleasure purposes.
Private use and business use both cover the private use of your bike in conjunction with repairing, servicing and demonstration for private sale.

Write-off. Your bike is declared a write-off when in our opinion, it is so badly damaged that it would not be either safe or economical to repair or when it has not been found within 14 days of you reporting its theft to us.

You and your mean the person or persons named as the insured in your policy schedule.

Your bike means the motorcycle or scooter described in your policy schedule and includes the manufacturer's standard options and accessories fitted to it and other options, accessories and modifications that you have told us about and we have agreed in writing to cover.