Thursday, May 26, 2016

Motorcycle Insurance 101

For new motorcycle owners, insurance is probably one of the last things on your mind. However, just like with a new car, you're required to have insurance on that new bike of yours. Your Lake of the Ozarks insurance agent is here to help you make sure you're covered out on the road!

About Motorcycle Insurance

When it comes to auto insurance at the Lake of the Ozarks, we all know there are different types of coverage from liability to collision to under-insured and uninsured motorist. The same concept is applied to motorcycle insurance as well. In addition, the amount of coverage you need can vary depending on the type of bike you have and how you plan to use it. The best way to make sure you're properly insurance is to talk to a professional at the best insurance company at the Lake of the Ozarks. As for the cost, you can expect motorcycle insurance to come in a little higher than your average auto insurance premium; this is because of the higher risk they face on the road.

What Does Motorcycle Insurance Cover? 

Just like with car insurance, different levels of coverage are available. It's important that you talk to an insurance professional in your area to make sure your coverage meets the requirements for your state. Standard motorcycle insurance will typically cover bodily injury and property damage liability, as well as bodily injury to yourself and damage to your bike. Here are just a few of the other items that might be included or that you could add to your motorcycle insurance policy:
  • Full replacement cost if the motorcycle is totaled
  • Theft, fire, vandalism, and other losses even while your motorcycle is in storage
  • Damage to your bike from hail or other weather, or damage from animals
  • Medical payments in the event you require hospitalization
  • Uninsured/under-insured motorist coverage
  • Repairs or replacement of protective gear 
  • Replacement parts and/or upgrades, such as transport trailers, sidecars, custom exhaust, etc.
  • Emergency roadside expenses
  • Trip interruption expenses 

Importance of Motorcycle Insurance

Even more so than auto insurance, motorcycle insurance is extremely important for two main reasons: motorcycles are much easier to steal and they're much more difficult to operate than passenger vehicles. Before you operate that new bike, be sure you're adequately insured.

One of the great things about being an independent insurance agent at the Lake of the Ozarks is that we can shop around for the best coverage for our clients. We'll get you multiple quotes from a variety of companies to get you the best value! Give Insure the Lake a call today at 573-348-2794. From motorcycle insurance to health and life, we've got all your insurance needs covered!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral