disability scooters philippines

Electric Scooter Insurance for Disabled Individuals: Important Information You Need to Know

Discover the importance of disability scooter insurance, types of disability scooter insurance, and how to get the right insurance policy.

As an electric scooter dealer, distributor, and/or purchaser, it’s important to be knowledgeable about the specifics and benefits of owning one or selling these scooters. However, there’s one topic that’s even more important than understanding the brand you’re selling, or the demographics of your target audience: insurance.

The below article will guide you through all of the information that you need to know about owning or selling a disability scooter.

Why buy insurance for my disability scooter?

Before we can learn more about choosing the right type of insurance, it’s important to first understand why scooter insurance is so necessary in the first place. An online search will result in a slew of “best” and “top” scooter insurance rankings, as well as the different categories and inclusions in these plans. While all of this information is certainly important and relevant when choosing your policy, it’s difficult to see the value in scooters insurance without first learning the purpose and benefits of this type of insurance.

As we alluded to in the previous section, scooters are a mode of transportation, and like any other form of transportation, it’s important for both legal and peace-of-mind reasons to invest in proper insurance coverage. Let’s take a look at some of the most common reasons as to why owners are encouraged to buy scooters insurance:

Financial protection. Accidents are always a possibility with any form of transportation, and scooters are no exception. While these vehicles are much safer than a car, their very nature as a vehicle places the owner at risk of both mechanical failures as well as collisions with property and people. Insurance for scooters helps to remove this level of financial risk, and is able to cover the damages that result from many kinds of accidents.

Liability. The fact that accidents can happen at any time isn’t the only reason why insurance for a scooter is important; the people and property that an accident may affect also make scooters insurance important. In the event that the owner or a rider on the scooter injures someone or damages their property, the insurance for the scooter can be used to pay for all of these liability costs.

Theft and vandalism. Another scenario that can lead to owners having to pay out of their own pocket for their scooter is if the scooter itself is stolen, or damaged in a way that can’t be paid for by the liability insurance. Scooters can become a target of thieves and vandals, with the former more common in urban areas and the latter more common in areas where there’s a perceived high number of scooters.

Peace of mind. Last but certainly not least, scooters insurance is incredibly valuable because it can provide the owner of the scooter with peace of mind. If you’re constantly worried about what may happen in the event of a collision or theft, you’ll be in a much worse state than simply having to deal with the accident and (if applicable) a payout. Purchasing insurance for your scooter can take away this extra source of stress and allow you to enjoy using your vehicle much more.

Buying disability scooter insurance

Now that we’ve established some of the reasons for buying insurance for your disability scooter, let’s take a look at some of the most common forms of insurance and what it covers.

Comprehensive. As the name implies, this type of insurance provides the highest and most comprehensive form of insurance. In most cases, it will protect the scooter in all circumstances, no matter what the cause is of the accident or damage. The main downside to this type of insurance is that it is often much more expensive than the other forms.

Third-party liability. The most basic type of scooter insurance that you can get is third-party liability coverage. While this type of insurance does provide a decent level of financial and property security, it only offers insurance from the perspective of the third-party. If the user is injured or the scooter is damaged or stolen, this insurance will not help to recoup any of these costs.

Collision. Collision coverage is another type of insurance that many scooter owners may not be aware of. This type of insurance is designed to help the owner in the event of an accident that directly causes the scooter to become damaged. In many cases, this insurance coverage will help to repair the scooter after the accident.

Personal injury protection. PIP, or personal injury protection, is the type of insurance that is designed to provide protection to the user of the scooter in the event that they are injured. It’s different from other types of insurance because it doesn’t involve the third-party.

If you’re still not sure what type of insurance you should be getting, here’s a simple three-step guide on how to choose the right scooter insurance.

Assess your needs. In order to figure out which type of insurance you need, it’s important to first understand your specific situation and what you’ll be using the scooter for. For example, if you’re using it as a means of getting to work every day, you may require a more comprehensive level of insurance.

Compare policies. Once you’ve figured out what you need, it’s time to find the right policy. The best way to do this is by getting quotes from a variety of different insurance companies and comparing them. Make sure to look for policies that have the coverage you require without charging you an arm and a leg.

Read the fine print. As with any contract, the small print of an insurance policy is where all of the important details are hidden. Read it carefully to make sure that you understand what’s covered and what isn’t. If you’re unsure about anything, it never hurts to ask.

Seek professional help. If you’re having a hard time choosing the right scooter insurance policy on your own, it may be worth it to hire a professional to do it for you. Insurance agents and brokers can help you assess your needs, compare policies, and find the best one for you. While this will obviously cost you some money, it’s usually worth it for the peace of mind it provides.

Conclusion

Buying and maintaining an electric scooter for disabled people or mobility scooters can be a great investment for both the seller and the buyer. However, as with any other investment, it’s important to make sure that you’re doing everything in your power to protect it, and that includes purchasing the proper insurance for your scooter. We hope that this article has provided you with the information you need to buy the right insurance policy for your needs.