Insurance Deductibles
What is the difference between the deductible and the security deposit?
The deductible is the amount that remains payable by the insured after an insurance coverage is triggered. This amount is therefore not reimbursed by the insurer. It is deducted from the final compensation paid by the insurance.
The security deposit is a guarantee for the professional renting out the vehicle. In case of damage to the rented motorcycle or scooter, all or part of the deposit may be withheld to cover repair costs. In the event of a major incident requiring an insurance claim, the deposit may be used to cover the insurance deductible for the professional.
Details of motorcycle rental insurance deductibles
The following table summarizes the deductibles for each coverage offered by the Wakam insurance. This table can be found in the Insurance Information Notice under Title IX – SUMMARY TABLE OF COVERAGES OFFERED.
| Basic Coverages | Deductibles |
|---|---|
| Civil Liability (Art. 4.1) | |
| including bodily injury including material damage |
None (except special cases mentioned in Art. 4.1) |
| Legal Defense and Recovery Following an Accident (Art. 4.2) | |
| - Lawyer fees and legal expenses | Minimum intervention threshold €305 excl. VAT |
| Driver Coverage Level 1 (Art. 4.4) | |
| including medical expenses including funeral expenses |
No compensation if the permanent disability rate (AIPP) is less than or equal to 10% |
| Fire - Storms (Art. 4.5) | |
| - Insured vehicle (1) (1) including fire and theft protection devices |
This deductible is shared across “Damage” coverages. It is specific to the category of the rented vehicle and is therefore indicated on the vehicle pages and in the rental contract. |
| Theft (Art. 4.6) | |
| - Insured vehicle (1) (1) including fire and theft protection devices |
“Theft” deductible as described below |
| Headlight Damage (Art. 4.7) | |
| - Front headlight unit | €30 if repaired; no deductible |
| All-accident Damage (Art. 4.8) | |
| - Insured vehicle (1) (1) including fire and theft protection devices |
This deductible is shared across “Damage” coverages. It is specific to the category of the rented vehicle and is therefore indicated on the vehicle pages and in the rental contract. |
| Natural Disasters (Art. 4.9) | |
| - Insured vehicle (1) (1) including fire and theft protection devices |
Deductible* set by interministerial decree |
| Weather Events (Art. 4.11) | |
| - Insured vehicle (1) (1) including fire and theft protection devices |
This deductible is shared across “Damage” coverages. It is specific to the category of the rented vehicle and is therefore indicated on the vehicle pages and in the rental contract. |
| Helmets, gloves (Art. 4.13) | |
| - Helmets and gloves less than 5 years old | None |
| Accessories (Art. 4.14) | |
| - Damage or theft of accessories | 10% of the damage amount, up to a maximum of €150 per claim |
| Rider Equipment* (Art. 4.15) | |
| - Damage to rider equipment | 10% of the damage amount, up to a maximum of €150 per claim |
When a coverage including a deductible is extended to one or more additional coverages, the deductible applies to all of them.