As soon as you get your hands on that new motorcycle, the first thing on your mind is probably the open road, the adventure, and thoughts about where to ride. But making sure you have the appropriate motorcycle insurance coverage so you can enjoy your new ride needs to be considered too. Here’s 8 questions to ask your agent:
Before you start looking for an agent, you might want to list down a couple of questions to get the insurance that?s right for you. The following set of questions will help when you want to purchase your motorcycle insurance.
1) What are the requirements of my state?
Similar to car insurance, motorcycles are also subject to a minimum liability coverage set by your state. Here in Georgia that minimum coverage is $25,000 per person, $50,000 per accident, and $25,000 for property damage. In some cases the minimum coverage might be right for you but not always. It?s a good conversation to have with your agent.
2) Does the insurance cover the guest passenger as well?
Depending on the rules where you live and the company?you purchase insurance from you may need to purchase a guest passenger liability if you also want to cover the other person riding on your motorcycle no matter what happens. Ask a local agent, that’s the best way to find out.
3) Are there other insurance coverage situations to consider?
If you want to have the policy to cover the damages on your motorcycle due to theft, fire, or vandalism, you should get a collision and comprehensive insurance coverage. On the other hand, if you want to have protection from the damages brought about by other drivers who doesn?t have sufficient insurance, you should add the uninsured/underinsured coverage on top of your standard insurance policy.
4) Is it possible to get replacement cost coverage?
It depends on the insurance company. Most of the collision and comprehensive insurance coverage will only base their replacement cost according to the ?book value.? There are also other insurers who will shoulder the expenses for replacing motorcycles that are no more than a year old, depending on the make and model.
5) Does it also cover the custom accessories?
A standard insurance coverage does not extend to the custom parts installed on your motorcycle. Ask your options if you want to include the coverage to these custom parts as well. However, we have standard motorcycle insurance policies that would include the coverage for your apparel, helmets, gloves, and jackets as part of its policies. Ask your agent.
6) Should I get coverage for medical payments?
Even if you?re a law-abiding rider, you can use the medical payments coverage to protect you from the medical expenses in case of an accident, whether it?s your fault or not.
7) Does it include roadside assistance?
Most policies include coverage for towing expenses and other standard services in case of emergency but you never know. Make sure you bring this up with your agent because being stuck on the side of the road with your motorcycle is a pretty lonely feeling.
8) Am I eligible for any additional discounts?
You can often?get cheaper rates by completing safety courses for motorcycle riders, having a good record, or by becoming a part of a legit riding club. At Velox Insurance, we?re insurance discount experts and if there?s a discount you qualify for we?re going to make sure you get it.
Various factors will affect the premium of your insurance including your years of riding a motorcycle, the deductibles that you prefer, and the model of your bike. To know more about the best policy for you and your new bike, give us a call today at (855) Go-Velox. You can also contact a local agency or click here to request a motorcycle quote online!