If you own a motorcycle, it’s crucial to protect yourself and the investment you’ve made in your bike with motorcycle insurance. From protecting you with liability coverage in the event that you are deemed responsible for bodily damage to another person resulting from an accident, to providing coverage for property damage to your bike, the five points below highlight several of the many benefits of protecting your bike with motorcycle insurance.
1. Your motorcycle insurance policy provides coverage in the event of a collision. Considering that the average cost of a new motorcycle exceeds $10,000, having a motorcycle insurance policy in place will prevent you from struggling with financial problems in the event that your motorcycle sustains severe damage.
2. You’ll also have coverage for damage that doesn’t result from a collision. This type of coverage, known as comprehensive coverage, will reimburse you for other types of damage your bike can sustain, including damage resulting from fire, theft and vandalism. Although motorcycle theft has been on the decline in recent years, unfortunately there are still tens of thousands of bikes stolen each year, so the comprehensive coverage you’ll find under your motorcycle policy proves extremely beneficial.
3. Your motorcycle policy offers liability protection. In the event that you collide with another driver and are deemed responsible for his/her bodily injury or property damage, the liability coverage under your motorcycle insurance policy will trigger.
4. You’ll have coverage even if a driver you collide with does not. Considering that New Hampshire is the only state that doesn’t legally require drivers to purchase auto insurance, it’s crucial to ensure that you are protected in the event of an accident with an uninsured driver. A standard motorcycle insurance policy includes uninsured/underinsured motorist coverage, which will protect you from these types of accidents, helping you pay for lost wages and any medical attention you require.
5. Motorcycle insurance policies are affordable and flexible. When you’re looking to secure motorcycle insurance, there are a variety of discounts you may qualify for, along with different deductibles and limits to choose from, making coverage both flexible and affordable. Depending on many factors, including the type of motorcycle you own and how often you ride it, your insurance agent will help you secure a policy that provides the right coverage for your needs. In addition, your agent will ensure that you receive all of the motorcycle insurance discounts for which you qualify, from mature rider and multi-policy discounts, to savings for completing a training course and opting for a “lay-up” policy which suspends all coverage but comprehensive during the winter.
If you’re looking for motorcycle insurance in Hillsboro, NH or the surrounding area, you can rely on the agents at Knapton, Reade & Woods to design dependable coverage that is tailored to suit your exact needs. To get a free motorcycle insurance quote, please call us at 603-464-3422 or submit our online quote request form.
