![]() ![]() Rental reimbursement: A motorcycle may not be your only means of transportation, but if it is, you will need to rent a car while it is repaired.In addition to collision and comprehensive coverages, many insurance policies have other optional add-ons to cover costs not directly associated with an accident. ![]() Convenient alternatives should be made available. Call or click claims filing: In addition to mobile filing, companies should offer online and telephone claiming.This makes mobile filing a great way to take care of things, without arguing with another driver. Mobile filing: You may not want to advertise the details of an accident or admit fault out loud.Make sure that the insurer you choose offers claims service at all times. 24/7 claims processing: When you need to file a claim, you need to do it now, not Monday through Friday before 5 p.m.Look for 24-hour claims service, mobile filing and rapid responses. With that in mind, seriously consider the way companies handle claims processing. Standard liability may include this, or you may have to buy it separate.įor many policyholders, the only time that they call their insurance company is to file a claim. The passenger personal injury protection determines how much an injured passenger will receive from the insurance company, in addition to medical expenses that you may receive. Passenger personal injury protection: When driving a motorcycle with a passenger, there is the additional risk that they may be injured.Most often, it will pay out for your medical bills and lost-time at work, and check to ensure it also pays for damage to your motorcycle. Adding extra coverage in this category can really pay off if the other party in an accident has no insurance or not enough to cover all of the damage. Uninsured/underinsured motorist liability: Even when insurance is required by law, not everyone purchases a policy or make their payments, leaving thousands of vehicles on the road with not enough or no insurance coverage.This part of a policy determines how much coverage is available to protect you financially for their bodily injury, as well as damage to their vehicle or other property. Property and bodily injury liability: If an accident happens, the driver in the other vehicle can be seriously injured or even killed.Policy limits determine how much a policy will pay out in the event of an accident. Collision and comprehensive coverages are optional add-ons that protect against damage to a bike no matter whose fault the accident is and non-accident related damage like fire, theft or vandalism.Īlmost every state has minimum coverage levels for liability required by law, but many drivers may want to increase limits. Comprehensive and collision: Almost every driver must carry liability insurance it's a legal requirement in many states to pay out for damage caused to another’s vehicle, property or person.Of course, if coverage allows policyholders to replace the bike, that option can be exercised rather than a payout. Many policies only pay out the book value of a motorcycle right before an accident. Motorcycle valuation: Adding parts can increase the value of a motorcycle, so it's important to negotiate a payout for a totaled bike when first signing the contract for the policy.Make sure any policy covers customizations, not just original manufacturer's parts. Accessory coverage: For many, a motorcycle is an ongoing project, where new parts and accessories are installed regularly.For example, accessories may or may not be covered, depending on your insurance plan. This coverage refers to what parts on the motorcycle are covered and the limitations of the policy.
0 Comments
Leave a Reply. |