Buying a motorcycle can be exciting! Getting the right insurance policy is an important part of that process. The professionals at Swartz Premier Group Insurance, serving Moberly, MO, can help you find the right amount of coverage for your new ride. If you’re considering a motorcycle purchase, here’s what you need to know about getting insured.
1. Consider All Your Coverage Options
Just like car insurance, motorcycle insurance comes in several types:
- Liability: Covers medical bills and property damage if you cause an accident while riding.
- Collision: Covers damage to your motorcycle if you’re in an accident, regardless of fault.
- Comprehensive: Helps repair or replace your motorcycle if it’s damaged in a non-collision event, such as theft or weather.
Not sure which type of coverage makes the most sense for you? Talk with your insurance agent.
2. You May Need Extra Coverage If You’re Financing
Many lenders require borrowers to carry additional coverage when financing a motorcycle purchase. To find out exactly how much extra coverage your loan requires, check with your lender directly, then work with your insurance agent to make sure your policy meets those requirements.
3. You’ll Need Coverage Before Riding It Home
If you’re buying from a dealership, you’ll likely need to show proof of insurance before riding away on your new motorcycle. That means coverage needs to be in place before you leave the dealership. Want to learn more about how this works? Call Swartz Premier Group Insurance, serving Moberly, MO, today.
