What is bike insurance?
Bike insurance is an agreement between the owner of the bike also referred to as the insured and the insurance company also referred to as the insurer. The agreement is that the insurer provides financial cover to the insured in case of any accidents or unexpected happenings, this is possible if the insured will pay regular premiums. It is mandatory in most states that you have good insurance bike coverage because, as a motorcyclist, you are exposed to the most risk compared to other road users. Sometimes people assume that insurance bike coverage is the same as car insurance, but they are totally different due to costs.
Types of bike insurance coverage
There are six basic types of insurance bike coverage: accessory coverage, collision insurance coverage, comprehensive bike coverage, uninsured bike coverage, no-fault coverage and personal injury protection coverage. Accessory insurance bike coverage is for custom parts added to a bike after it has left the factory premises. It is usually coverage for parts such as sidecars, audio devices, antennas, custom paints, helmets and leather jackets. Collision coverage covers damages inflicted to your bike caused by collisions. Comprehensive insurance bike cover is for damages due to theft and natural calamities. Uninsured coverage is used when you have an accident with an uninsured driver. No-fault insurance bike coverage is used when the cause of the accident cannot be determined. Personal Injury bike protection coverage is for the injuries that you will get in an accident.
Requirements to get bike insurance quotes
There is some information that should be provided for you to start searching for insurance bike cover quotes. You should be prepared to provide the following information. The exact date of birth of you and all other riders you may want to insure. You should also provide information concerning custom parts that you added to your bike after it left the factory premises. If you or any other rider has had convictions, provide the periods and the conviction dates. You will need also to provide the year that the bike was registered to you. A detailed description of your bike’s make, color and model should be also be provided. You should also have supporting documentation for no-claims discount transfers. Finally, you need also to provide dates of all past claims and status of all settlements. With this information present, you will be able to get and scan for your favorable insurance bike coverage quotes.
Tips for getting the best bike insurance covers
Price is a very serious factor in selecting insurance, but with the many insurance companies out there, there is no need for you to be overcharged in seeking insurance bike coverage. Here are some few tips you may use:
Ask customers using the insurance service how it is and you will be able to be a judge from their reactions. Take time and find out how much time the company takes to clear a claim. Take time to also find out the credit ratings of your insurer; this enables you to know their financial status and capability. Lastly, when seeking the best insurance bike cover, learn to check for the available discount. The discounts should be realistic and effective to you.
