We are covered by an insurance policy that is ultimately backed by Lloyds of London. The liability waiver contains the exact insurer and agent - we strongly recommend renters and owners sign it before the start of each trip.
We offer and require liability protection to all our renters of up to $1 million dollars per incident, with a $600 deductible. Liability protection includes property damage and bodily injury. That means that if the user of the borrowed motorcycle is negligent and causes damage to the covered motorcycle, our policy will pay for the damage to the motorcycle and to a third party for bodily injury (if the latter exists). Please note the policy does not cover the renter's hospital bills. Call Riders Share (657) 200-5470 or email us at firstname.lastname@example.org to process a claim, but please only do it after you are safe/healthy and after you obtain a police report. Owners may contact us if renters damage their motorcycles. For damage estimated under $600, we will bill the renter. For others, we will involve the insurance company.
Owners should contact Riders Share and not their own insurance company to prevent their insurance companies from dropping them.
Owners must adhere to our Terms of Service. For example, if the owner of the motorcycle fails to maintain the motorcycle properly such that it causes an accident, then it is considered that the renter was not negligent and the liability will fall on the owner. For this reason, we strongly encourage owners to have their motorcycles well maintained and to keep maintenance records.
Insurance doesn't cover things that are unlawful. Therefore, speeding tickets, tolls, parking violations and other fines are not covered by insurance. If you receive any of these, you will be billed by RidersShare (and we will reimburse motorcycle owners).
We only provide protection for the duration of the rental. For all other times, you will need to have your own personal insurance compliant with the law. Please note, if a renter is stopped by a police officer, the proof of insurance has to come from the motorcycle owner.
We strongly encourage you to maintain full coverage of your motorcycle, not just the minimum state requirement. The reason is that while Riders Share keeps your address hidden from public view, it still provides information (pictures, approximate location, availability) that may be used by thieves to target your motorcycle when it is not in use. Therefore, full coverage will help you in the rare event that your bike is targeted.
We recommend fitting a device to your motorcycle to keep track of the bike's location. They may also require a monthly subscription:
- Damage to Motorcycle
Renter pays maximum of $600 deductible
- Theft of Motorcycle
Renter pays full retail value of motorcycle
- Breakdown Protection
Refund of daily rental rate or a portion thereof
- Flat Tire Coverage/Roadside Assistance:
- Security Deposit:
We do not cover medical bills of renter; only third-party liability.