subject: A Simple Guide To Classic Bike Insurance [print this page] Only a few motorbikes are considered precious and are treasured by the owners for a long period of time. These bikes should be protected from the dangers of the roads and other mishaps and so many insurance companies have introduced classic bike insurance especially for these kinds of bikes. With different companies, quotes and policies it is very important that you analyze and compare between companies and then choose the best policy that suits your needs.
A bike qualifies for classic bike insurance if it is ten to fifteen years old. Usually, classic bike insurance is much cheaper than ordinary modern bike insurances due to the reason that the amount of claims made by a classic bike owner are much less than claims from the owners of modern bikes. Classic bikes are so protected by the owners that they are never taken for a ride in the road and even if they are ride it, it will be for only very short distances. If you lower the mileage covered annually by your classic bike then it helps you to lower the cost of your insurance policy.
Because the market value for stolen classic bikes isn't high, the claims against thefts can be lowered considerably. Classic bike insurance pays the owners the price of damages in case of fire and theft. This coverage is called the storage policy. It is best to ask your insurance dealers in the event the storage policy covers the hazards of transporting the car from one place to another. Certain insurance firms provide additional benefits of multi bike policies the location where the people who just love more than one classic bike get additional coverage and discounts.
Buying classic bike insurance does not always guarantee that you will be fully covered if something happens. Specify to your dealers if the policy covers for the dangers that might be faced during road events or rallies. You should see if you get to keep the wrecked bike as salvage if the damage to it is irreparable. Many companies also offer coverage for modifications to the bike. And there are also many other optional services like personal injury coverage and breakdown coverage. Your helmets and accessories can also be covered if you want, but for these extra value services, you will get charged extra premiums. Therefore, choose the perfect protection for your vintage bike, and remember to always research online before you buy this type of insurance. Relax and enjoy the ride!
Copyright (c) 2010 Omer Chode
by: Omer Chode
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