It’s barely mid-week but you’re already thinking about driving down to the beach this weekend on your new motorcycle. Before you drive off on your motorcycle are you properly insured? Do you even have motorcycle insurance? Your safety should be your top priority but taking care of your property is just as important. Are you protected in case of an accident or if your motorcycle is stolen? Continue reading to learn more about which coverage suits you best. Motorcycle insurance must meet your needs and lifestyle but also be within your budget.
Keep in mind that your insurance cost are determined by factors such as age, driving record, residence and motorcycle type. Verify with your insurance agent as many companies offer discounts for training courses and owning a home. Maintaining a good driving record will always help keep your premiums low.
Available Motorcycle Insurance Options
- Liability Coverage
Coverage for bodily injury and property damage to individuals involved in an accident that was caused by you. Liability coverage will not cover your or your motorcycle. Purchase additional coverage for your passenger to take care of their injuries if involved in an accident while riding on your motorcycle.
- Collision Coverage
Damage to your motorcycle is covered with collision if you are involved in an accident. Your insurance company will cover damages caused to your motorcycle when accident involved another vehicle or object. Keep in mind that your insurance company will subtract deductible amount from claim payment. Collision covers the current book value of the motorcycle before the accident occurred.
- Comprehensive Coverage
Damages are paid under this coverage for an incident other than collision, such as theft 0r fire. Your insurance company will pay for damages with total amount minus the deductible covers the book value of your motorcycle. Your insurance will only cover factory parts, we recommend you purchase additional equipment coverage if your motorcycle has accessories such as custom paint and chrome parts.
- Uninsured/Underinsured Motorist Coverage
Protects you and your property for damages caused by a driver who does not carry insurance or has too little insurance to cover damages. This coverage type pays for medical expenses, lost wages and other damages.
Contact our offices for a free estimate on motorcycle insurance coverage.