subject: Things To Look For When Shopping For Motorcycle Insurance [print this page] You might have just purchased a motorcycle and now you are in the market for insurance to protect your investment and cover unexpected expenses, should an accident occur, or your bike gets stolen.
There are a few things you should consider, when you are comparing the various quotes you are likely to get. You need to be sure to answer all questions truthfully, because to get an accurate quote, this is an important step. The insurance might not be valid, if you answer under false pretences, should an accident occur.
Be sure to know the insurance company your policy is through, even if you are using a broker or another type of intermediary and read the small print of the policy, before you commit or make a final decision. Sometimes, there may be restrictions in the policy and you need to be sure to check levels of excess, which means that you may have higher costs, out of pocket, should an incident occur, especially on the cheaper premium options.
There are some cases where your level of excess may be higher for certain incidents. In fact, if your motorcycle is garaged, there might be a lower level of excess, but on the other hand, if something happens at a friend's house, the amount you contribute on claims may be higher.
When you are comparing motorcycle insurance quotes, make sure to check for administration fees that might be in addition to the premium. This is important when you are using an intermediary, because there may be handling fees that make the insurance cover higher than other competitors, when you consider total cost.
Another thing to think about might be cancellation and renewal fees that can be quite costly, in some cases. There are some motorcycle insurance packages that might include extra or optional cover such as legal expenses, personal injury and breakdown cover which could help you to make savings, but only if these extras are actually beneficial to you!
The important thing to remember about shopping for the proper insurance for your motorcycle is that you are aware of the restrictions and extra costs which may be applied. There are some people that are surprised to learn that motorcycle cover contracts are for an annual term, even though they pay monthly premiums and if a claim is turned in after a motorcycle is demolished in three months, they may have to continue paying monthly insurance premiums for the remainder of the year. It is important that you understand the legalities of everything that your cover includes and any possible excesses that might be accessed, when shopping for the proper insurance cover for your motorcycle.
There are easy ways to get a number of insurance quotes for your motorcycle because Internet-based quoting services can give you several quotes from various insurers and you can check local brokers and intermediaries, as well. Because there are many insurance companies that offer this type of insurance, it is important to consider several options for the proper insurance cover to fit your needs.
by: Tom Jones
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