5 Things You Need to Know About Insuring Your Motorcycle
You should plan on spending almost as much time choosing the insurance for your motorcycle as you did picking the actual motorcycle. In most cases, you will find that the minimum liability insurance you’re required to have doesn’t provide you with an adequate amount of protection if you get into an accident and you will want to add additional coverage.
Liability Motorcycle Insurance
When you only have liability insurance on your motorcycle, you and your bike aren’t actually protected. What the liability insurance actually does is cover the damages of everyone else who was involved in an accident you caused. You will have to dip into your own pocket in order to get your bike repaired or replaced.
Collision Motorcycle Insurance
When you are in an accident, whether you are at fault or not, and have collision insurance you can rest assured that any damage sustained by your bike will be paid for by the insurance company. The only financial output you will have to worry about is your deductible.
Comprehensive Motorcycle Insurance
If you are worried about your bike getting damaged by an act that isn’t an actual accident, such as an act of vandalism, getting caught in a hail storm, or burned in a garage fire, you will want to have comprehensive insurance. You will still be responsible for paying your deductible, but it will be far less than what you would have spent if you needed to cover the cost of replacing or repairing your motorcycle without the help of insurance.
You are required by law to have insurance on your ride before you take it out on a public road. Contact us for information about how we can handle all of your motorcycle insurance needs.
Posted on May 16, 2015, in Agency, Uncategorized and tagged auto insurance, automobile insurance, car insurance, lower car insurance premium, motorcycle insurance, schumacher insurance. Bookmark the permalink. Leave a comment.