Motorcycle

Motorcycle Insurance Policies

Chicago Insurance Advisors

For those who own a motorcycle, the thrill of zooming down the open highway on your bike is unequalled. Motorcyclists, just like those who drive cars, are required to be covered by insurance. Motorcycle insurance is not too different from auto insurance but has several provisions that are unique due to the differences inherent in operating a motorbike. When one decides to purchase this kind of insurance, it is very important to consider many factors such as the bike’s age, its size and power, etc., to be sure that the rider gets what he or she needs for his or her specific situation.

The three most common kinds of motorcycle insurance coverage are property damage, collision coverage and roadside assistance. Property damage coverage is essential as it helps to save the rider from paying out-of-pocket damages to another individual's vehicle or property due to an accident. The level of property damage coverage required can vary depending on the kind of bike, but, in general, the smaller and lighter the motorcycle, the less coverage needed.

Collision coverage is generally an option, but it is mandated if you went through a lender to buy your motorcycle. This part of the policy is what covers damages to your bike in the event of an accident and is highly recommended as an integral kind of coverage to purchase. If one’s bike is a total loss previous to the loan being paid off, the insurance company will provide payment to the lender for the remainder of the loan’s balance.

Roadside coverage is helpful in that it can provide payment for such things as necessary lodging if stranded, vehicle rental while your bike is disabled, towing services and other options. Enjoying a motorcycle can bring a huge amount of satisfaction and enjoyment to the rider, but one would be wise to have the appropriate insurance coverage to protect the operator and the bike upon which he or she rides. Accidents do happen and having the right kind of insurance coverage can ensure that the fun doesn’t stop due to financial strains.


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