Typically, the rules for automobile insurance and motorcycle insurance cover the same basic rules. However, there are a few things you should know about insuring your motorcycle. Purchase the same amount of liability coverage for your motorcycle as you have for your home, auto, boat or cabin.
Also, be sure to cover the liability of any passengers who are riding with you. With motorcycle coverage, you must remember to avoid lay-up periods. During these lay-up periods, you have no insurance for your motorcycle. You can chose to pay a low premium credit for comprehensive insurance during a lay-up period.
If you already have health insurance, you may not necessarily need to purchase more medical coverage than the state requires. This will save you a great deal of money. Purchase uninsured and under-insured motorists coverage. It is best if your liability limit matches that of your other liability limits (car, home, boat or cabin).
If your bike is customized, you must include that as an addition in your insurance application. With a customized motorcycle, you sometimes pay an additional premium to cover the extra equipment. As always, when riding your motorcycle, the best method of prevention of accidents is safety. Take precautions, anyone who rides on your motorcycle needs to wear a helmet, plus be aware of passenger safety.
Limit your passengers, and make sure they are seasoned riders. Litigation against motorcycle owners is the most common with passengers than any other. So, avoid rides, if possible. Remember these helpful tips when considering insuring your motorcycle.
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