Insurance is easily misunderstood, especially policies that cover motorcycles. Even though insurance for your vehicles is mandatory, we often don't spend enough time learning how it works or how it can benefit us. Working with an agent can provide you with the answers you need so you can purchase the right motorcycle policy for your needs. Motorcycles require their policy, so you will need to talk to your agent to see what coverage options are available.
Many people mistakenly believe that they don't need insurance for their motorcycles. Some believe that their motorcycles are covered under their automobile coverage. The fact is, motorcycle insurance is a distinct and separate policy. Standard automobile insurance policies do not cover motorcycles, but a motorcycle policy can be bundled with your auto insurance. States require motorcycle owners to have insurance just like automobiles.
It's best to keep your motorcycle covered at all times. Even when you aren't riding, your bike still needs coverage. Motorcycles are much easier to steal than cars or trucks, and they can be damaged even when they aren't on the road. Maintaining your coverage all year long will protect you against a variety of other perils that can be quite costly if you would have to pay out of pocket to make repairs.
Motorcycles may be small, but their size does not always determine how much damage they can cause. The highest financial cost is sometimes attributed to the medical expenses associated with riding a motorcycle. Either way, property damage or bodily injury costs devastate your financial security if you do not have quality motorcycle insurance if you are involved in an accident.
Discounts for your motorcycle insurance are available. Completing a state-approved motorcycle safety course and keeping your driving record clean are two discounts that can add up to extra savings. Bundling your motorcycle policy with your home and auto policies will also help. Having a garage to store your motorcycle in at night may also discount you, especially since the risk of theft will drop significantly.
If you love your bike, odds are you have added a few upgrades and accessories. The new equipment will raise the value of your bike but, in most cases, won't be covered by your existing policy. Instead, you will need to add additional coverage to ensure your insurance covers all extras. Your agent will be able to help you determine how much additional coverage you will need to protect all the extras.
If you are a motorcycle enthusiast, you know how important it is to protect yourself. Contact us at Weeks & Associates today to learn more about motorcycle insurance and what you need to ensure you have sufficient coverage. Schedule your appointment today!