Practical Insurance Solutions offers motorcycles insurance from dozens of leading insurance companies. We can insure practically any type of motorized bike from Cruisers and Classic Bikes to Sport Bikes and Scooters. We have compiled some useful information to help you understand how your motorcycle coverage works and some money savings tips. The first and most important thing you need to know about Motorcycle Insurance is that it protects you against financial loss if you have an accident, just like your auto policy. It is a contract between you and the insurance carrier. You agree to pay the premium and the company agrees to pay your losses as defined in your policy. A motorcycle policy protects your investment in your vehicle and your financial obligations to others if you are involved in an accident.
Tips for Saving on Motorcycle Insurance:
Obviously keeping a good driving record is the main factor behind motorcycle insurance premiums, but there are other factors that can help reduce cost.
- Rider’s Course- A certificate showing you have completed a rider’s course can help you save
- Affinity Group- If you’re part of a rider’s group you could qualify for a discount
- Anti Lock Brakes
- Air Bags
- LoJack system
- Multi Policy
- Renewal discount for maintaining continuous coverage
Understanding Your Motorcycle Policy Coverage:
Coverage for Accessories can be a critical coverage for motorcycles. If you carry comprehensive or collision coverage, your policy will most likely include some very basic coverage for your accessories (coverage amounts vary by state and carrier). Accessories may include: saddlebags, backrests, seats, chrome parts, CB radios and even Helmets. If your bike has a lot of upgrades you will likely need additional Accessory Coverage
Bodily Injury and Property Damage Liability
Bodily Injury and Property Damage protection covers you if you’re at fault for an accident that injures another person or damages someone’s property. It’s important to have enough liability coverage. If the cost of an accident goes over the coverage limits set in your policy, you can be held personally responsible for paying for the additional damages.
Pays for covered damage to your motorcycle when it is involved in an accident, regardless of fault. Your carrier pays for damages, minus your deductible. Coverage kicks in when you collide with another vehicle or object. Note: If your vehicle is hit by an uninsured motorist, you must have collision coverage in order for your policy to cover your vehicle’s damages.
Comprehensive Physical Damage Coverage
Pays for covered losses resulting from incidents other than collision – such as theft, fire or vandalism.
No-Fault or Personal injury protection coverage – in most states you can select medical coverage for yourself and your passengers.
Uninsured/Underinsured Motorists Coverage
When the person at fault for an accident doesn’t have insurance or doesn’t have enough insurance, UM/UIM will cover your injuries and damages that the at-fault party is legally liable for, such as medical treatment and lost wages.
Contact Us today! For more money saving tips or a free policy review and insurance quote, call us at (888) 539-7520 or feel free to email or fax us your current policies for a comprehensive review and comparison. Fax: (636-352-2878) Email: email@example.com. We currently service the states of Missouri, Illinois, Florida.