Your bike is the apple of your eye. It would be tragic to have such a vehicle destroyed while you are either uninsured or underinsured. The best way to learn the ins and out of motorcycle insurance is to contact an insurance specialist at Premier Insurance Agency in Detroit, MI. For now, take a look at a few facts about motorcycle insurance below!
What is motorcycle insurance?
A motorcycle policy provides financial stability in the instance that your bike is damaged or stolen. Coverage also typically covers cases where you have an at-fault accident in which the innocent party is injured due to your negligence. A good plan may pay medical bills along with other obligations attached to the incident.
What does a customized policy cover?
You can, of course, purchase a motorcycle insurance policy that only pays for the bare minimum in Michigan. It is better, though, to customize a plan that can fund the entire value of your lost or damaged bike. Custom policies may:
- Pays for the entire cost of a new motorcycle so that you do not have to pay out of pocket for a replacement
- Provide comprehensive coverage that pays for losses or damages not caused by a collision
- Provide recompense for medical bills to you and other parties involved in an accident
- Provide uninsured motorist protection in the instance of the party at-fault not having enough indemnity coverage to pay for damages caused to you
You may also be able to claim loss of gear with a custom policy, which could lead to upgrades. Imagine being able to get a new helmet all because you had the right insurance policy!
How much insurance do you need?
The amount of motorcycle insurance coverage largely depends on your lifestyle, as well as the type of bike you own. You may want to purchase a higher indemnity plan to cover a Harley Davidson than you would a Kawasaki. In all, it is best to speak with an insurance specialist at Premier Insurance Agency in Detroit, MI. Call today for a quote!