If you’re in the market for a new motorcycle insurance policy, then you’ll find that the process is similar to shopping for an auto insurance policy. However, some laws are unique to driving a motorcycle. Before you make a final decision, ask yourself the following questions:
How much liability is required?
Before you can begin to select an insurance carrier, you’ll need to know how much liability insurance you’re legally required to carry on your bike. Every state has different requirements, so it’s key to perform a little research before contacting any carriers. Once you’ve gained this piece of information, you can move forward with finding a basic policy.
Can you purchase more liability than is legally required?
You might be surprised to learn that paying for a basic liability policy often isn’t good enough. If you find that your policy doesn’t offer enough coverage in the event of an accident, and if you’re at fault, then according to Upside Insurance (upsideinsurancegreenville.com), a site that quotes motorcycle insurance in South Carolina, you can be legally required to pay out of pocket. Make sure that your prospective insurance carrier allows you to purchase policy coverage that goes above the legally-required amount.
Are you legally required to purchase medical coverage?
Depending on your state of residence, you’ll be required to purchase medical coverage that’s specific to operating your motorcycle, in addition to your liability coverage. This is because operating and driving a motorcycle carries a high risk of physical danger to yourself and others.
Do you want to purchase coverage for customized parts?
It’s common for motorbike owners to customize their vehicle. If you’ve purchased custom parts and accessories, then you’ll need to purchase additional accessories coverage on added parts, since your basic motorcycle insurance policy won’t cover them.
This type of coverage provides benefits if any added parts or accessories become damaged or stolen. This is coverage that protects your financial investment. Ask if your prospective carrier offers this type of coverage.
Will you require transportation coverage?
Do you plan on moving shortly? If so, then you should strongly consider purchasing transportation coverage. According to Shipping Masters, this will protect your motorcycle while it’s being transported from your current location to the next. While it’s true that many moving transport providers offer some coverage that they sell to customers, you always have the option of finding your policy for coverage.
Will your policy offer roadside assistance?
What happens if you become stranded on the side of the road for any reason? You obviously can’t leave your bike on the side of the road, and this is why you’ll need roadside assistance. But be aware that roadside assistance is often optional, and it must be purchased separately. You’ll certainly need to make sure that your prospective insurance carrier offers this type of coverage.
Other things to consider when purchasing a policy include the age of the vehicle, the mileage on the engine, and your driving record. Make a list of all of the aspects that are important to you when you’re paying for coverage, and in addition to the hard facts mentioned earlier, you should be able to narrow down your choices of motorcycle insurance policy providers.