Motorcycle Insurance: Things You Should Know

Excited to take your newly-purchased motorcycle for a spin? Is it already insured? Well, if not, it is important to insure it now. These days, there are now many motorcycle enthusiasts. And they are indisputably vulnerable to road accidents. To support them in cases of accidents, an insurance policy is needed. The insurance policy intended for motorcycles is called motorcycle insurance. Sometimes, motorcycle insurance also includes scooters, motocross bikes, mopeds, and dirt bikes.

Motorcycle insurance has different types. The first type is the Collision Insurance. This type protects the insured person against losses that results from any damage to his own motorcycle due to a collision with another motor vehicle or object, whether it was the fault of the insured or not. Another type is the comprehensive coverage. This coverage pays for damages incurred by an event excluding collision such as vandalism or fire.

The next type of motorcycle coverage is the liability coverage. This type can be subdivided into two: bodily injury liability coverage and property damage liability coverage. Bodily injury liability coverage, which can also be called as medical payments coverage, pays for the medical expenses and funeral expenses of the insured person and other persons injured or died in the accident. On the other hand, the property damage liability coverage indemnifies a motorcyclist against damages incurred to other person’s properties while the insured is operating his motorcycle.

The type of motorcycle insurance for supports on minor problems on the roadside is called roadside assistance coverage. When a motorcycle is disabled due to a flat tire, dead battery, electrical or mechanical breakdown, and or trapped in the snow or mud, this coverage provides help for towing of the motorcycle to the nearest repair facility and labor.

Some insurance companies also offer what they call the optional equipment coverage and the safety apparel coverage. The optional equipment coverage insures optional accessories and equipments like trailers, sidecars, chrome parts, and custom paint job. The coverage amounts up to $3,500 for those permanently attached equipments to the bike. For the safety apparel coverage, it covers damages to protective gears and clothing such as leather jackets and helmets.

A motorcycle insurance provider can also offer optional coverage such as the following: transport trailers coverage amounting up to $7,500; increased limits on optional equipment coverage; increased limits on liability coverage; replacement cost total lost settlement coverage; and roadside and towing assistance with trip interruption coverage.

When selecting motorcycle coverage, a person must consider a lot of things to do. He should first get a custom quote. A custom quote can help a motorcyclist decide on which insurance policy of a company is the most suitable for him and his motorcycle. Cost-effective motorcycle coverage does not automatically means that it is the most appropriate for a rider.

It is important to choose a comprehensive motorcycle insurance that can cover damages more than just the accidents. Motorcycles can be damaged due to a lot of things aside from accidents. Many companies are now offering insurances that cover damages caused by floods and storms.

To help save money, when paying for the insurance, it is ideal to take advantage of the yearly and flexible payment plans. A person must also be aware of his credit before signing up for an insurance policy. This will help him in demanding a better price for a motorcycle coverage. A rider should also choose an insurance that is more than the state minimum so that in cases that the insurance will be used he does not need to release any money from his pocket due to a minimum coverage.

All set to purchase motorcycle insurance? Have a discussion first with an auto insurance specialist so as to obtain the best coverage possible. In the end, the motorcyclist will be the one benefiting from it.