How does IPI-exempt motorcycle insurance work?

Insurance is a service that still raises many questions, and knowing how IPI-exempt motorcycle insurance works is usually one of them. But don't despair, in this article we answer this and a few more questions. Follow along.

Many people are looking for answers regarding insurance, just as there are questions about services provided for cars, there are also questions related to services provided for motorcycles.

One of the most constant is how IPI-exempt motorcycle insurance works. After all, motorcycles also need insurance, including those purchased with financial benefits. Understand this issue better.

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Insurance companies that accept motorcycles exempt from IPI

Not all insurance companies work with motorcycles, so the first thing to do is careful research into which insurance companies work with motorcycle coverage.

Once they are found, it is important that you check the ideal fit for your motorcycle. And, if you are asked about tax exemption, just tell the truth.

This is information that needs to be passed on to the insurance company at the time of contracting, so that there are no major problems with the need for full compensation.

If for any reason you are not asked about this, ask the broker or someone who can answer you if there are restrictions for motorcycles with a lower IPI.

Full motorcycle insurance compensation with IPI exemption

Motorcycle insurance coverage with exemption and IPI works in the same way as normal insurance coverage. The difference between them is only the full compensation.

In situations that lead to full compensation, taxes must be paid for this to be released. It is the motorcycle owner's responsibility to obtain all receipts and pay for them. Once this is done, it will be possible to receive full compensation according to the value in the FIPE table.

Are there special coverages for paying taxes?

They exist. Some insurance companies offer coverage aimed at paying taxes in cases of motorcycles exempt from IPI. These same companies offer compensation of 100% of the vehicle's value so that the owner can then pay off the taxes.

However, there are few companies that have coverage for motorcycles, and those that offer and still have coverage that covers motorcycles exempt from IPI, with full compensation payments to pay off taxes, are even fewer.