Finding The Best Insurance For Your Classic Bike
For motorcycle enthusiasts, bike ownership is often more than just having a vehicle
that will get you from point A to point B, it represents freedom of the open road and a chance to belong to an exclusive group of similarly like-minded people. A motorcycle is commonly the owner's pride and joy, and possibly no more so than for the owner of a classic bike. Whether you ride your classic bike regularly or just on special occasions, keep it safely parked in your garage at all times to lovingly care for and restore it or take it out only to transport it to motorcycle shows, it is in your best interests to make sure it is covered by the appropriate insurance.
Since classic bikes are apt to have more value than an ordinary bike and have parts that are more costly and difficult to replace, your classic bike deserves to have more than just standard general insurance. The best way to ensure you get the most fitting coverage is to opt for classic motorcycle insurance through an established and reputable insurance provider.
Insurance companies typically consider a bike to be classic if it is between fifteen to twenty years old, and if your bike meets the criteria you will be able to select a policy that is designed to cover the specific needs of a classic bike owner. Since your needs will be unique to you depending on your particular bike and what you use it for, classic motorbike insurance can be tailored such that the policy you obtain gives you maximum peace of mind.
Factors that will help you find the right policy include the age and value of your bike, both of which should be clearly stated up front to the insurance company so that the bike is not undervalued in the event you need to make a claim, as well as mileage and where the bike is parked. As a general rule, in order to qualify for the best rates, insurance companies want to be assured the bike is parked in a secure environment like a garage.
How often you ride your bike and where you ride it will also influence the policy you obtain. If your bike has limited usage it could work in your favour when you are quoted a rate, since insurance companies tend to view that as meaning less chance of accidents. Obviously though, if you ride regularly you should be sure the insurance company knows this so you end up with a policy that has adequate coverage should you make a claim.
Ultimately, classic motorcycle insurance can be a better deal than standard motorbike insurance, not only because it offers suitable coverage for your prized possession but also because classic bikes statistically generate fewer claims, which insurance companies will take into consideration when quoting rates.
So, if you have a classic bike and it is not covered by classic bike insurance, take the time to find the best protection possible. You and your bike deserve it.
by: Neil M Roberts
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