5 Mistakes To Avoid When Buying Classic Bike Insurance
Are you in the market for a vintage motorcycle policy? If so, then avoiding wrong steps can be just as important as taking the right ones. Fortunately, at least one person has made every possible mistake in the process. Here are some tips for avoiding some of the most common mistakes when choosing an insurance policy for classic motorcycles:
1. Never factor in hidden costs:
By definition, hidden costs will not be apparent at first when comparing online UK insurance for vintage motorcycles. But they can add up quickly! So when comparing the total costs of different insurers, it's crucial to factor in all fees and charges that would be added to your premiums. Without taking this step, you'd be comparing apples with oranges when shopping around for classic motorcycle insurance.
2. Never assume that all discounts have been applied:
There is no guarantee that an insurance company will voluntarily inform you of all of the discounts that you qualify for. So ask! In fact, you might be (pleasantly) surprised to learn that you qualify for more discounts than you expected. But it's crucial that you take the first step, by asking an insurance company about which discounts you are eligible for.
3. Never assume that a policy cover X, Y, or Z:
Before signing on the dotted line, verify exactly what a particular policy covers you for and how much cover it provides. Otherwise, you might discover later that you do not have certain types of cover, or that you have less cover than you thought you did. So before choosing a particular policy, verify exactly how much cover it provides. If you have any questions about this matter, then ask!
4. Never buy less cover than you need:
Is it a mistake to get more cover for your motorcycle than you need? Yes, it is. But it's an even bigger blunder to get too little cover. One of the best ways to avoid that situation is to learn how much cover you are legally required to have. You should also consider your particular insurance needs. The amount of cover that one needs for classic bike insurance will differ from person-to-person. So determine how much cover is right for your particular needs, before choosing a policy.
5. Never choose the first company:
When searching for classic bike insurance this is definitely an important rule to follow. Is it possible that the first motorbike company you examine has the lowest premiums in the UK? Yes, but it's highly unlikely. This is even true if you compare the cost of bundling multiple types of cover. The process of shopping for vintage motorcycle cover is a numbers game, so it's advisable to get as many quotes as possible-before choosing a particular insurer. This will maximise your chance of finding rock-bottom premiums.
To err is human, but to make avoidable mistakes when choosing an insurance policy for your vintage motorcycle-can be costly. So consider these above tips when shopping for a UK classic motorcycle insurance policy. It will help to choose the perfect policy perfectly.
by: Neil AndersonAbout the Author:For further information regarding classic bike insurance visit Swinton one of the UK's leading insurance companies.