Eric Insurance has stopped offering motorcycle insurance due to a change in strategic direction. When your policy is due to expire you will receive a letter from Eric with your policy details and the date your policy is due to expire.
1. To ensure your cover continues, you need to make other arrangements to insure your car before your cover expiry date. If you do not make arrangements prior to the policy expiry date you will not be insured.
2. Alternatively, you can visit the Insurance Council of Australia at insurancecouncil.com.au or use their service findaninsurer.com.au.
If you have any questions, please fill out our contact us form on the website with your enquiry.
Frequently Asked Questions
Eric will continue to honour your current policy until the policy end date. There is no impact on you during this period.
Once your motorcycle policy with eric ends, it won’t be renewed. If you take no action, you won’t have insurance cover for your vehicle.
You need to make sure you have arranged cover once your current policy expires.
Yes. Your existing policy will operate as normal. You are fully covered in accordance with the PDS. The process for claiming has not change and will not be impacted by eric’s change in strategy.
Any other policies you have with eric will continue to be in force until the expiry date. You do not need to take any action at this point. You have full cover, in accordance with the policy terms.
Eric will not be offering renewals once these policies come to the end of their term. You will receive a letter at renewal time advising when you need to act and what options you have available.
Your other products are not impacted.
In fact, the change of strategy means eric is focusing more on these other products and getting back to its specialisation. We will continue to write new business in all product lines other than comprehensive MCI.
We can quote you on new products at any time.
No. Eric is an APRA regulated insurer and is required to meet minimum standards. Eric meets all its obligations and your policies are protected in accordance with the Insurance Act.
Eric is not going out of business. We’re simply changing strategy.