Is Your Motorcycle Properly Insured?
The lure of the open road, wind in your hair and on your face. Your view unimpeded by glass and metal, body unencumbered by safety belts. The option of huge savings on gasoline, oil, tires and upkeep.
These are a few reasons why people choose to purchase a motorcycle.
Most states require Bodily Injury and Property Damage Liability coverage on every motorcycle registered for on-road use. Lienholders normally require Comprehensive and Collision insurance in addition to the state’s liability coverage to protect their interest in the bike should it be involved in an accident, vandalized or stolen.
But what about you, the individual rider… What kind of coverage should you have to ensure you and your motorcycle are properly insured?
The first answer that comes to mind to the above question is Adequate Life Insurance!
Everybody should protect their family and loved ones with life insurance. This is even more imperative when your mode of transportation is anything less than four wheels on a steel frame. It’s common knowledge you are more protected when travelling in an automobile than on a motorcycle.
A good basic motorcycle policy will include Liability, Comprehensive, Collision, Uninsured/Underinsured Motorist and Medical Payments. But let’s look at some optional coverages that are equally important and beneficial to motorcycle owners.
Roadside Assistance: Get help or a tow to the nearest repair shop should your bike become disabled.
Contents / Accessory Coverage: Personal property such as camping, touring, hunting, safety or similar gear can be repaired or replaced, depending on company, when damaged, destroyed or stolen due to a covered loss.
Trip Interruption: Will pay for expenses incurred when your trip is interrupted by an accident or breakdown. Usually has a maximum dollar amount and minimum number of miles away from your residence before this coverage kicks in.
Enhanced Injury Protection: Pays a portion of lost income and/or a death benefit as the result of a covered accident.
Rental Vehicle: Insurance policy will transfer to a rental or loaner.
Trailer Transport Coverage: Usually has a dollar limit for physical damage to your trailer if in an accident while toting your motorcycle.
Some companies offer a safe driving bonus or disappearing deductible for every policy period you complete with no accidents or claims. Others may also offer total loss or full replacement cost in the instance of a covered loss. This is usually regulated by the age of the bike, so beware of those limitations.
If you purchase a motorcycle don’t skimp on your insurance. Make sure you have all the coverage available to you. It’s sure to save you more than money in the long run. Give us a call and let us get’cha covered!
Until next time ride safe and ride smart.
Tommy Curtis and Staff
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