Motorcycles are great methods of transportation. They get great gas mileage. Repairs on motorcycles are minimal. The purchase cost of new or used motorcycles are far less than the purchase cost of equivalent cars.
There are of course downsides to motorcycles. Motorcycles don’t allow you large amounts of storage. Motorcycles don’t allow you to bring multiple passengers along with you. Motorcycles are questionable choices when it comes to bad weather. Despite all of those negatives, motorcycles are unquestionably thrilling and fun. They are a wonderful form of transportation but motorcycle insurance is necessary. It protects you and it protects anyone else around.
What Does Motorcycle Insurance Include?
Motorcycle insurance is a multi-faceted insurance. It is intended to provide you coverage in regards to multiple options. Motorcycle insurance plans will vary. Most motorcycle insurance plans will provide you with a lot of the same requirements that you will want to have. Those coverages include:
- Liability Insurance - Liability insurance is always required in policies aside from very specific occasions. Liability insurance covers you against both property and personal injury damage. Liability insurance isn’t in regards to your own damage but in case you cause property or injury damage to others.
- Collision Coverage - Collision coverage is meant to protect your own property from damage. Collision coverage will help you repair your motorcycle in case of an accident that requires repairs. Like automobile collision coverage there is usually a deductible to cover costs that would exceed your damage coverage.
- Replacement Coverage - There is also coverage available that will let you replace your entire motorcycle in case of a catastrophic accident. Depending on the age of your motorcycle it may not replace one that is as good as it was before, but will replace your motorcycle with one up to the dollar figure of the worth of the original motorcycle.
- Health Coverage - If you have an accident with your motorcycle, there is a good chance you are going to sustain an injury. Motorcycles may not have the safety features included in something like a Sport Utility Vehicle.
- Additional Coverage - There are lots of other additional coverages you can pick up. You can get trip coverage. This means that if your vehicle breaks down while you’re on a biking trip, you can have several costs reimbursed. You can also get immediate incident coverage. Much like CAA it will provide you with charged batteries, air for flat tires and tows if necessary. They can even help when you run out of gas.
It’s going to be difficult to compare every single policy that you see. With all the different coverages and deductibles that are available for you to examine it is difficult to make the right choice. One option is discussing your exact needs with an insurance broker. The insurance broker can be your eyes on the ground when it comes to choosing the right choice. Insurance brokers don’t work for insurance companies. They work for you and try to get the best policies at the best rates. This can mean that you get exactly what you want out of your insurance and you can get back to riding your bike. That’s really what all riders want to be doing anyway.