If you own a Motorcycle, it’s important to protect yourself with the right insurance!
Harbor Insurance can provide you with quotes, policy advice, and answers to insurance questions like these :
- Is my motorcycle covered under my auto insurance?
- Why should I buy Motorcycle Insurance if it’s not even required by law?
- What is the most important coverage on your Motorcycle Insurance policy.
- How can I get a discount on my motorcycle policy?
- What about insurance for mopeds, scooters or ATV’s?
Is my motorcycle covered under my auto insurance?
You have your driver’s license and just passed your motorcycle license. You are more than ready to ride with your buddies. Your uncle gave you his old bike, and in many, many hours, you fixed her up and restored her. Now it’s time to take her out.
Your car insurance will NOT cover your motorcycle or provide liability coverage if you hurt somebody or damage someone elses property. Your car insurance will absolutely not extend to your motorcycle. Also, it will not apply for you, if you cause injury or damage while riding your motorcycle.
In the state of Florida, your car insurance and your motorcycle are completely separate and will absolutely not apply for each other.
If you own a motorcycle, we strongly recommend that you get a stand-alone motorcycle insurance policy. Give us a call. We can help.
Why should I buy Motorcycle Insurance if it’s not even required by law?
Congratulations on your new bike! You must be thrilled!
Motorcycle insurance is quite similar to an auto insurance policy. It includes various coverages:
- Bodily Injury / Property Damage Liability Coverage: Bodily Injury and Property Damage Liability Coverage applies if you are considered at-fault in causing damage or injury to a third party, up to the limits you select. This can be very coverage is important since this coverage helps you protect your own assets.
- Comprehensive / Collision Coverage: Comprehensive and Collision coverage pays for repairs to your bike if it is damaged in an accident, if the motorcycle is stolen, or, for example, if it’s damaged or destroyed by a fire or a flood.
- Uninsured / Underinsured Motorist Coverage (UM/UIM): If you are in an accident in which the other party is at fault, Uninsured /Underinsured or UM/UIM coverage will protect you if the other party does NOT have the insurance or resources to pay for your damages and/or injuries that they are legally liable for. including medical payments and your loss of wages as a result of the accident or occurrence.
- Medical Payments: Medical payments cover the cost of any medical treatment you receive, regardless of who is at fault. Medical Payments coverage is often limited to the first three years after an accident happened.
- Custom Parts and Equipment: This coverage provides protection for accessories and ‘extras’ to your bike that exceed $1,000 in value other than those originally included by the manufacturer. Custom Parts and Equipment Coverage also covers sidecars, trailers that are intended to be pulled by a motorcycle, custom paint jobs, safety riding gear including helmets and even trike conversion kits. Custom parts and equipment are covered up to $1,000 under comprehensive coverage; at Harbor Insurance we recommend that you review this limit and what your specific need is so there is no gap in your motorcycle insurance policy.
- Roadside Assistance: Roadside Assistance provides immediate roadside repair services for break-down, dead battery, flat tire, or running out of fuel and towing.
Even though the odds of being at fault in a multi-vehicle accident are very low for motorcyclists; liability often doesn’t clearly lie with the other party, either. Although motorcycle drivers are often the victims when it comes to cycle – car collisions, it doesn’t mean that you don’t need liability insurance. What if you hit a bicyclist or a pedestrian? What if you accidentally scratch a car as you back out of your parking spot?
Motorcycle insurance will help protect you, your bike, and your assets in case you find yourself in a liability lawsuit. Harbor Insurance can help you protect almost any type of motorcycle, whether it’s a Dirt Bike or a Street Cruiser, a Vintage bike or a customized high-performance machine. Give us a call to review your specific motorcycle insurance needs!
The most important coverage on your Motorcycle Insurance policy.
As you shop for your motorcycle insurance policy, keep in mind that cheaper isn’t always better when it comes to insurance. You want a policy that protects you when you need it. Cheap coverage usually provides you only with low liability limits, and, what’s worse, it more often then not excludes the most important coverage out there - Uninsured / Underinsured (UM/UIM) Coverage.
We have reviewed countless policies that did not include Uninsured / Underinsured Motorist (UM/ UIM) coverage. Yet, UM/UIM Insurance Coverage is probably the single most important part of a motorcycle policy. Not having UM/UIM coverage can hurt you quite badly. As a biker, your risk of being at-fault in an accident is comparatively low. But, your risk of getting hit is relatively high. That’s where your UM/UIM coverage applies. Your UM/UIM coverage kicks in if you are hit by a driver who doesn’t have the insurance or resources to pay for your injuries, medical payments, loss of wages, and damage to your bike. If the person who hit you doesn’t have the money to pay for the damages they caused you, your own insurance will protect you. But only if you have chosen to carry UM/UIM coverage.
You want Motorcycle Insurance so you can protect yourself! Whether that is a liability lawsuit, or an irresponsible driver who hit you. Because a driver who isn’t responsible enough to look for motorcycles on the road might not be responsible enough to carry adequate insurance limits. You cannot buy stand-alone UM/UIM coverage. UM/UIM is only obtained in combination with liability coverage and it can only be purchased up to the limits of your liability coverage. You cannot carry low liability limits, but high UM/UIM limits.
Give us a call today 888-451-8818. We can help you find a motorcycle policy that provides you with the protection you need, while giving you the best value overall!
How can I get a discount on my motorcycle policy?
Now, you’ve heard that one can get money-saving discounts on auto insurance (hey, and you even qualify for some!) That makes you wonder… Shouldn’t you be able to get a discount on your motorcycle policy, as well?
Yes you should! And you can! Depending on the company, a variety of discounts are available:
- Claims-Free Discount: You qualify for this discount when your policy renews if you have no claims or accidents, the time period varies by company.
- Homeowner Discount: If you own your home, you qualify for this discount. Why? Because insurance companies assume that if you own a home, you are a responsible person. Responsible people are responsible drivers (or riders) and deserve a discount.
- Multi-Policy Discount: If you have more than one policy with one company, you may qualify for a multi-policy discount.
- Safe Driver Discount: If you’ve been cruising without accidents or violations for 3 years, you qualify for this discount.
- LoJack Discount: If your bike is equipped with the LoJack tracking system, the discount can be applied.
- Safety Course Discount: Completing a Safety Course can save your life. And offer you a discount on your motorcycle policy. To continue to receive the course discount, the course must be taken at least every 3 years.
- Storage: If you store your bike in a garage or out of sight, some companies provide a discount.
Keep in mind that your insurance rates depend on your bike’s type and brand, its engine size, the level of customization and the miles driven each year. A customized street race machine that you use to commute to work will bring you much higher insurance bills than a vintage cruiser that you only use every once in awhile.
What about insurance for mopeds, scooters or ATV’s?
Yes it does! Mopeds and scooters (electric and gasoline-powered) can be insured on a Motorcycle policy. All the same discounts and options apply for big bikes as well as smaller mopeds and scooters.
ATV’s (and snowmobiles, too), on the other hand, take a special place. An ATV may be covered under your homeowner’s policy, but only if it’s driven exclusively on your own property. There is absolutely no coverage if you take the ATV off your property and drive it on public roads… even if it’s only across the street. If there is any chance at all that you might take your ATV to a dirt track, into the mountains, or elsewhere, you should get ATV (or Snowmobile) Insurance.
Harbor Insurance and our team of expert agents can help with any of your insurance questions. Call us today! 888-451-8818