You have just bought a shiny new Harley-Davidson or another brand of motorcycle that you have always wanted. Now, you need to protect your investment in Detroit, MI. Premier Insurance Agency can help you find a dedicated insurance policy that will protect you as well as your bike. Here are five things you need to know about motorcycle coverage.
1. Coverage Options are Similar to Auto Policies
Motorcycle insurance companies offer policies similar to those for autos, with premiums for liability, collision, comprehensive, and medical payments if you are injured in an accident. You don’t have to take all the offered coverage, but it’s a good idea to do so.
2. Minimum Liability Usually Isn’t Enough
Michigan’s minimum requirements are $50,000 per person and $100,000 per accident for bodily injury, plus $10,000 for property damage. With today’s high costs, you could end up with high medical bills and repair costs if you only get the minimum.
3. Remember to Insure Your Body
Even if you have health insurance, it may not be enough if you get into an accident with your bike. Cyclists frequently have severe injuries when they come into contact with a car. The medical payments portion of your policy can help pay for high deductibles.
4. You Can Insure Your Accessories
If your bike has special parts or customizations, make sure you insure them properly. Standard policies may not cover them.
5. You Can Bundle Your Coverage With Other Insurance Policies
Many insurers will allow you to bundle your motorcycle policy if you have auto or homeowner’s insurance. You’ll receive a discount for doing so.
Let Premier Insurance Agency, serving residents of Detroit, MI, help you find an affordable motorcycle insurance policy. Call our agents today to get started on your coverage.
