While riding a motorcycle is fun, accidents or other losses often create significant problems for motorcycle owners. When deciding on what coverages to include, it’s always a good idea to discuss the options with an agent. There are several factors bike owners may want to consider when selecting their coverage.
Are High-Performance Motorcycles More Expensive to Cover?
The short answer is yes. Insurers know the risks of covering high-performance bikes are greater than, for example, covering cruisers. Before purchasing any motorcycle, simply contacting an agent for premium estimates first may prevent coverage sticker shock later. That’s especially true if riders have driving records that include prior violations or accidents.
What Types of Coverage Should Be Considered?
Obviously, any required coverages must be in place. Generally, Pennsylvania requires bike owners to carry liability insurance to protect others who might suffer damages. While the state does allow self-coverage, most people will, instead, opt to obtain coverage through an insurance carrier. However, with the high incidence of lawsuits, minimum coverage may not be adequate. Discussing the options with an agent is strongly recommended to protect a bike owner’s assets in the event of an accident.
Motorcycle insurance in Spring TX that covers the bike itself is also generally necessary if the motorcycle is financed. Lenders want their investment protected in the case of theft of other losses, which means owners must have some type of comprehensive coverage. Again, agents are generally happy to discuss coverage options with clients to ensure they’re adequately protected.
Don’t Even Think About Riding Without Insurance
Texas laws are rather strict, and riders caught without the legally mandated coverage are subject to significant penalties. First, there are fines involved. Next, the registration of the bike can be suspended if a rider doesn’t have the required coverage. That means no one can ride the bike. Finally, riders caught without the proper coverage can have their license suspended. If those penalties are not sufficient to dissuade riding without the proper coverage, being involved in an accident without having insurance can quickly bankrupt a rider, as they’ll be personally responsible for any losses resulting from the accident.
Motorcycle insurance in Spring TX is required. If you’re currently without coverage or would like to explore new coverage options, contact the motorcycle coverage experts at Infiniti Insurance Services Inc for advice or a quote for coverage. You can also connect them on Facebook.
