Fact: Accidents will occur. They are not ever on purpose. That is why we call them accidents. So what do you when they happen? Hopefully, you are already properly covered insurance wise.
One of the common mistakes people make is to go with the lowest bidder. Unfortunately, the old saying ‘you get what you pay for’ stands true. Cheapest is not always the best way to approach the situation. In doing so, the motorcycle and other damages are not covered. What if the other vehicle that is involved in the accident does not insurance? You need to be sure that your motorcycle is covered.
Liability motorcycle insurance is the cheapest way to purchase an insurance policy. The monthly premium is pretty low. Upfront the costs are minimal, but if your motorcycle incurs any damages or is stolen, the game is over.
Normally, states will not require motorcycles to be covered on the high end of the insurance spectrum. Liability is acceptable. But if your thirty thousand dollar Harley is involved in an accident, then you may very well have just lost thirty thousand dollars.
If you are spending that kind of money on your motorcycle, it only makes sense to invest a little bit more money per month to protect it completely. A custom motorcycle insurance policy is on the higher end of motorcycle insurance policies. It even costs a little bit more money per money, but in the end could be worth the investment.
The purpose behind having an insurance policy is to protect your belongings. Most states do enforce an insurance law, but typically, it is on the low end of insurance policies. These types of motorcycle insurance policies are only going to protect the other driver. A custom motorcycle insurance policy will have a higher monthly premium, but will protect everything involved in the accident.
