As a smart rider, you
understand the benefits of carrying motorcycle insurance, and you’re always on
the lookout for a policy that can save you money. It’s obvious that the premium
on a high-powered designer motorbike with custom upgrades will be much higher
than a small or medium-size pre-owned bike. Do your research ahead of time so
you don’t end up paying for unnecessary coverage.
How much insurance do you need and which plan works the
best for your bike and your bank account? Here are several plans you can opt
out of to save money:
Medical coverage. In
the event of an accident where you sustained bodily injuries, medical coverage
can pay for the treatment you receive, regardless of who is at fault. However,
if you are currently under your employer’s health insurance plan, purchasing an
additional medical coverage plan on your insurance policy can be a needless
expense. This plan is beneficial for riders who don’t currently have health
insurance.
Guest passenger
liability. In the event of an accident where you were at fault, you could
be liable for any injuries that your passenger suffers. However, if you’re a
weekend warrior who loves to ride solo, guest passenger coverage may be an
unnecessary expense, and you can forego this type of coverage. In some states,
this coverage may be mandatory, so speak to your insurance agent to determine
if you can opt out.
Towing and
roadside assistance. If your beloved bike is too mangled to ride after a
crash, roadside assistance can come in handy to tow your motorcycle and help
you obtain a replacement vehicle. However, if you currently are a member of a
motor club, you’ll be paying double if you add this coverage onto your
insurance policy.
Risk is real. You need motorcycle insurance not only to
protect your investment, but also your bank account. Talk to your insurance
agent to determine which coverage is required for your state and which you can
opt out to keep more money in your wallet.
I think every motorcycle rider should take insurance seriously. A lot of risk is there but you need to consider the things in this post. This post is really useful.
ReplyDeleteReading this before confirming your insurance contract can save you thousands of dollars in premiums or provide you much better payments in the event of a claim.
ReplyDeleteMotorcycle Insurance Fort Lauderdale