When you are looking to get motorcycle insurance there are a few things you should know when you go shopping. The first thing to know is that coverage is very similar to what you might see if you are buying car insurance, but there are a couple of differences. When it comes to coverages for motorcycle insurance, you are going to be getting coverage for property damage and bodily harm.
Depending on how much coverage you want to get and what you want to pay for it, you can also get liability only, or coverage that is quite similar to what you are used to seeing when talking about comprehensive coverage on a car.
This insurance will not only insure you in case you are found to cause an accident, but it will also cover you if you are in an accident with someone else who doesn’t have insurance and the accident is their fault. You can get the kind of motorcycle coverage for anyone who is in your home as well.
There is also the ability to get coverage of your motorcycle should someone decide they want to steal it. There is also the ability to cover you bike should you want to add equipment and accessories onto it after the fact. If you buy a bike that doesn’t have a sidecar, but you’ve decided that’s something you’d like it to have, you can purchase a kind of equipment insurance that will cover the additional items should they become damaged somehow.
Most insurance companies will also offer something called the Lease/Loan gap insurance. This will pay you the value of the bike and what you might have owed on a loan or lease. There is also the ability to get guest motorist insurance as well as towing and labor cost.
Should your motorcycle get into an accident that makes it undrivable for a while, there is even an insurance coverage that will allow you to have a rental paid without you need to spend any money out of your own pocket. The point of most of these insurances is to drive your motorcycle without paying extra cash.