Tips For Finding Motorbike Insurance To Fit Your Needs
When you have bought a motorbike, finding the proper type of insurance can be a concern
. This is especially true if you have purchased a classic motorbike or antique motorbike because typical insurance cover might not offer enough protection, in the event an accident occurs or your motorbike suffers a loss from theft or fire.
It is important that you find the right type of policy to protect your motorbike, especially if you have spent more money to add custom parts or you might have a unique motorbike that is considered antique or classic.
When you are looking for tips to purchase the right motorbike insurance for your needs, there are a few things you need to think about to ensure you have adequate cover to protect the extra value that classic, antique and custom motorbikes have, over book value replacement costs.
Most insurers consider motorbikes that are older than 15 to 20 years to be classics, but adequate protection is important, no matter what the age of your motorbike. There are optional cover in motorbike insurance for those that have purchased motorbikes, that don't fall into these special classes, as well, including:
Agreed Value Replacement: In the event of loss, you want to consider an agreed value replacement because this will give you more protection than book value replacement, when you have an older motorbike, a motorbike that has special parts or other things that might make it worth more.
Salvage Retention: This is an optional cover that gives you the right to retain ownership of your motorbike, in the event it is a write-off in a claim.
Limited Mileage: You might get a discount on your policy, if you only use your motorbike for shows or exhibits.
Garaging: If your motorbike spends most of the time in a protected garage, you might be able to get a lower-cost motorbike cover because there are fewer claims when motorbikes are stored in a garage!
Motorbike Gear: Also known as helmets, leathers and protective clothing, this is an optional extra that many motorcycle riders decide is a good value.
Breakdown Cover: When a breakdown occurs, this type of motorbike cover can pay the expense of getting your motorbike in for proper repair. It is often packaged with other optional extras.
Legal Expenses: Many motorcycle policies will offer a legal expenses cover to help defray legal fees you might be faced with, in the event of an accident.
Personal Injury: Another optional extra that many motorbike riders find valuable because it can cover injuries you might sustain that aren't the fault of another.
No matter what kind of motorbike you ride, there are many factors to consider for the best motorbike insurance to protect your motorcycle and yourself. You can often find insurance packages that will offer the best cover for your particular situation, whether you just bought a new motorbike from a motorcycle dealer or you have just purchased a classic, custom or antique motorbike that might be worth more than book value. The important thing is that you have your insurance cover tailored to fit the replacement value of your motorbike and to protect your investment.
by: Tom Jones
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