99% of all insurance for the motorcycle rental and touring business is third party only.
You will be asked to pay a damage deposit - anything up to 4000€ and maybe more. The actual amount is up to the hirer concerned - and is as high as he will get away with.
The purpose of the deposit is to cover:
- Wear outside of normal wear and tear
- any damage to the vehicle caused by accidents or low speed drops
- any damage caused to the vehicle by unauthorized repairs
- Theft and associated cost
Points 1,2 and 4 are fairly obvious - point 3 became a horror story for me - and is dealt with in 'what happens when things go wrong'
I am aware of some companies that exact punitive damages for very small faults.
Many hire companies will say they have 'full insurance', 'comprehensive insurance' or even 'fully comprehensive insurance' - 'in excess of the deposit'. All of these schemes work the same way - you lose all your money - then they start spending theirs.
This is the most important thing to remember. I have had a few customers who didn't understand this - or did and complained afterwards.