Key Factors In Motorcycle Insurance

Motorcycle insurance regulations are in close alignment with automobile insurance with some minor differences

. When it is time for you to choose a motorcycle insurance policy for yourself, consult the following sources:

* The dealer from where whom bought your motorcycle. Usually scenario, motorcycle dealerships have insurance tie-ups.

* Friends, relatives and co-workers can also provide you valuable information

* Motorcycle magazines have listings and advertisements of insurance companies. You might even be able to get a discount on your premium

* Internet listings in your locality

* If you already have car insurance, you could contact your known underwriter

Motorcycle Insurance: Types of Coverage

There are primarily five motorcycle insurance policy factors you must know about:

* Liability Cover: This is a mandatory insurance that covers damage or loss to life and property.

* Collision Cover: This covers the pre-accident market value of your bike minus the deductibles. The damage should necessarily be caused by a collision with another vehicle or object.

* Comprehensive Cover: This covers the pre-accident book value of your bike due to damages caused by factors other than collision: vandalism, fire, theft.

* Underinsured or Uninsured Motorist Cover: If the responsible party in the accident is underinsured or not insured, this covers the value of damage that cannot be paid by the insurance company of the other party.

* Medical Cover: If you do not have health insurance, medical coverage is of paramount importance to you. This covers all personal injury expenses.

Motorcycle Insurance: Factors that Decide the Premium

Motorcycle insurance premiums are determined by the following factors:

* Age

* Driving record

* Make of your bike

* Where you garage your bike

* Training and your maturity as a rider

Motorcycle Insurance: Making a Claim

When it comes to the settlement of a motorcycle insurance claim, the most damaging thing you can do is to arrange a settlement with an insurance company without speaking to a knowledgeable attorney. It is an unfortunate perception that motorcyclist are by nature reckless and weave in and out of traffic. Thankfully, law does not pay heed to perceptions.

by: kathleenchester

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