Insurance for motorcycles is just as important as insurance on your house or your car. Without the insurance, you are not protected against damage to your property, yourself, or damage to another motorist’s property. It’s important to consider all of these factors when you are researching your needs.
Finding the proper amount of protection is a very delicate process. A lot of people try to scrimp and cut corners so as to lower their month premium. However, when you do that you run the risk of being underinsured. Insurance for motorcycles is extremely important when it comes to the bodily injury and/or death portion of the policy. Since motorcycles provide less protection than an automobile, it is more likely that you or your passenger will be injured should you be involved in a collision. Another component of your policy that you shouldn’t overlook is the property damage section. As motorcycles become more sophisticated it’s harder to find used parts. In fact, they are almost non-existent. So, choose carefully when you add the property damage portion to your policy.
Don’t make the mistake of double insuring yourself. Some people have one policy on their motorcycle and then find cheaper coverage elsewhere. Instead of canceling the more expensive policy, they just keep both thinking that they are doubly protected. This will not work. If you need to file a claim, you are only allowed, by law, to make the claim with one company. Make more than one claim might land you in the slammer for insurance fraud.