Purchasing a motorcycle can be exciting. However, with a new bike purchase also comes the responsibility of having to select motorcycle insurance. Here at H. Dean Allison Insurance, helping residents in the Altoona, PA area with their motorcycle insurance needs, we have seen many people make some mistakes when purchasing their motorcycle insurance. We want to help you avoid those mistakes.
Here are three mistakes that you can avoid when buying motorcycle insurance:
Assuming Your Auto Insurance Policy Covers Your Motorcycle
One of the mistakes that people make when they purchase a new motorcycle is assuming that their auto insurance covers their motorcycle. This is not the case. You need a stand-alone motorcycle insurance policy if you own a motorcycle, not an auto insurance policy. Additionally, if you have an operator’s insurance policy that does not typically extend to motorcycles, so you will need a policy as well.
Not Knowing How Much Coverage You Need
Another common mistake that people make when purchasing motorcycle insurance is not knowing how much coverage they need. The coverage amount that you need for a motorcycle is not always the same as the coverage amounts that you have for auto insurance policies. Do your research or work with an insurance agent to find out how much coverage you truly need.
Selecting a Low Insured Declared Value
The final mistake that people make when purchasing motorcycle insurance is selecting a low-insured declared value amount. This is the maximum amount you will be paid if your bike is totaled or stolen. Undervaluing your motorcycle may result in a lower premium amount, but it will not help you if your bike is a total loss and you need to replace it.
Reach Out To Us
Are you looking to purchase motorcycle insurance in the greater Altoona, PA area? If so, the insurance agents at H. Dean Allison Insurance are here to help you with motorcycle insurance purchasing needs. We can answer any questions you have or help you find the right policy limits for your needs. Call us today to learn more or to get started.
