Purchasing motorcycle insurance can be a confusing and frustrating decision to make especially if you are not aware of all the aspects of your policy. It is always beneficial to ask certain questions to the insurance provider before buying motorcycle insurance.
How they determine the value of your motorcycle insurance?
It is crucial that that you know what is the cash value of your motorcycle as you will receive the compensation accordingly. This will help you claim in case your bike is damaged in an accident, vandalized or stolen. Over insuring the bike is waste of money and you must ask the insurance provider how the value is calculated. You should make sure that you clear all queries and confusion before signing any document.
How the company classifies your motorcycle?
Before you purchase insurance, it is important to know in which category your insurance company classifies your motorcycle. If you have a sports bike, then the chances are high that you will end up paying higher insurance rates. As sports bikes are considered high performance vehicles they are often driven at high speeds, which makes them more susceptible to accidents. It is also important that you ask your insurance provider about the motorcycles that are affordable to insure. The cost of insurance can have a significant effect on the total cost of owning a motorcycle.
How can I reduce the cost of insurance?
Certain training courses help you reduce the cost of the insurance policy. You should ask your insurance company the courses they recognize and the amount that will be reduced if you successfully complete the course.
What coverage is compulsory?
While some coverage is optional, others are mandatory which may include uninsured auto coverage, accident benefits coverage, direct compensation-property damage and third party liability insurance.
What optional coverage they offer?
Ask your insurance provider about optional coverage, which may include collision, comprehensive insurance, named perils and all perils.
How much insurance should I take?
The amount of insurance depends on your specific situations, the age of your motorcycle, number of dependents, etc. You can consult with an agent who can help you pick the right policy that fits your needs.
What discounts they offer?
You should also ask the insurance provider if they offer discounts. Certain criteria such as age, multiple policies, club memberships, how much you ride the motorcycle, driving record and features available in your bike such as anti theft devices can help you claim good discounts.
It is also vital that you enquire about the claim procedures so that you do not have to face any problems at a later stage. You should make sure that you understand your policy well before you sign it.
We, at Shawn Camp Insurance Agency, Inc, provide you with a wide range of insurance policies available in Killeen, TX. The agents at our firm will provide you thorough guidance and will also answer to all your queries regarding motorcycle insurance. You can contact us at (254) 526-0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.
