How To Buy Motor Bike Insurance

If you’re going to ride a motorbike on shared roads, you will need motorbike insurance – not just since it’s required by law, but also because in case something happens you’ll need to be covered. You’ll just get the minimum required by law if you call insurance companies and accept the one with the cheapest price.. That may be what you need, but you should look at your alternatives first. These are the main areas of motorcycle insurance to look for.

Medical Coverage

Motorbike insurance can cover repair or replacement of your motorbike if necessary. There are two things you need to think about here: sources of damage and fault. First, damage is usually only covered if it comes from specific sources. Your bike could be stolen, vandalized, burn in a garage fire and so on. Some policies only cover damage from traffic accidents. If you want to protect your investment, you need to think about other kinds of damage. If you leave anything to chance, you should at least know what it is. Second is traffic accidents. If the other party is responsible for the damage, you can collect from their insurance. But what if they don’t have insurance, or their insurance is insufficient or it was a hit and run? What if you caused the accident? Is your bike covered then?

You also need to think about whether others riding your motorcycle would be covered. Does your policy cover your passenger? What if you loan out your bike and someone else is riding it? You also might want to check your regular health insurance. If you’re covered under that, it might make a difference in whether you choose to address the issue in your motor bike insurance policy.

Medical Coverage

The thing that makes motorcycles scary is not damage to property, or even to other motorists, who are likely in cars. It’s injury to those riding the motor bike. There’s no steel cage, air bags or seat belt. Just a helmet and clothing. A car accident that would be considered minor for cars can be deadly if there’s a motor bike involved. If you are injured in a crash, how much would your insurance pay? Would it be enough to cover all of your medical expenses as well as living expenses until you could get back to work?

If your motorcycle is financed, the lender will probably insist that you carry coverage on it. If your bike is paid off, you may consider dropping coverage on it, especially if you could afford to replace it in the event of a catastrophe.

Liability

The biggest risk with motorcycles is possible injury to those onthe motorcycle. The only thing between you and the road is a helmet and clothing – no driver’s cage or air bags. A car accident that would be considered minor for cars can be deadly if there’s a motorbike involved. Find out what is covered if you are injured and the other party’s insurance doesn’t pay your medical expenses. Is it enough for a potentially lengthy hospital stay and physical therapy? What if you miss work for an extended period of time while you recover?

Do you need a policy that covers passengers on your bike? What if you loan out your bike and someone else is riding it? You also might want to check your regular health insurance. If you’re covered under that, it might make a difference in whether you choose to address the issue in your motorcycle insurance policy.

You should plan to get a few bids before you buy a motorcycle insurance policy. Know what you’re looking for in a policy and get quotes on similar coverage so that you can compare prices accurately.

Written by Coleen Smith Motorcycle Insurance Comparison Cheap Motorbike Insurance

Tagged with: insurance • motorcycle insurance • motorcycles

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