Buying a Motorcycle
Spring is here - and for you, that means the bike is coming out of the garage. As the days get longer, and the sunshine more reliable, there's nothing like the winding roads of the foothills, the small highways along the coast, or the country roads across the flats, enjoyed on two wheels with the wind in your face. You can't wait to trade your stuffy car for the freedom of your motorcycle.
Yeah, you get a bit clunky after four, five months in a car seat instead of in the saddle, but after a couple of road trips, everything falls back into place.
You are a safe rider. You wear your helmet. Leather gear, even in our Newfoundland weather. You took your Motorcycle Safety course. Granted, that was a few years ago... Should probably renew that one.
Then, there is the insurance. That's the one... Motorcycle insurance.....
If you own a Motorcycle, it's important to have the right insurance. To protect yourself. So before you get ready to chase the wind, give us at Wedgwood Insurance Limited a ring. We can provide you with estimate, policy advice, and answers to questions like these:
- Is my motorcycle covered under my auto insurance?
- What coverage is available for my motorcycle?
- 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. Finally! 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.
You never thought much about insurance. In fact, you simply assumed that it's a motorized vehicle, and therefore covered by your car insurance. Car insurance covers motorized vehicles. Or something... Whatever. It's motorized, and so your car insurance should cover it. Right?
In most cases you can add your motorcycle to your automobile policy. And for those that can't be added because they are high performance or racing bikes you can also arrange separate insurance for those. So there is no reason not to carry insurance on your bike. There are options for every driver and every style of bike.
Give us a call. We can help.
What coverage is available for my Motorcycle?
This is it. It's the bike of your dreams all right! A Harley Davidson Classic Road King. Black Pearl. Chrome details. 1,593cc. You've been waiting to get this bike for years... and now she's about to become yours. You can't wait to get on and scorch some asphalt.
You hadn't planned on spending extra money on insurance, though. But now that you're about to own this baby.... Well, it seems to make sense to protect her properly.
Then again, what does a motorcycle insurance policy cover, anyways?
Motorcycle insurance is quite similar to an auto insurance policy. It includes various coverages:
- Liability Coverage: This 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 important for you, since this coverage helps you protect your own assets.
- Comprehensive / Collision Coverage: This coverage pays for repairs to your bike if it is damaged in an accident, if it's stolen, or, for example, if it's damaged or destroyed by a fire.
- Underinsured Motorist Coverage (UM/UIM): If you are in an accident in which the other party is at fault, this coverage will protect you if they don't have the insurance or resources to pay for your damages and/or injuries that they are legally liable for. That includes medical payments and loss of wages.
- Accident Benefits: Medical payments cover the cost of any medical treatment you receive, regardless of who is at fault. This coverage is often limited to the first three years after an accident happened.
Even though you may be a fabulous driver, in an accident, liability often doesn't clearly lie with the other party, either. And things can happen even when you are very careful, like 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, as well as your assets in case you ever find yourself in a liability lawsuit. Wedgwood Insurance Limited 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!
What about insurance for mopeds, scooters or ATV's?
Now that you've found the bike of your dreams, you got your partner hooked: But maybe they'd like to do the smaller, around-the-town errands on a little scooter, rather than in the car. Not only does it save gas, but it also gives them this lifestyle feeling as if they were living in a small town in Italy.
Well, you can't blame them. You knew all along what riding on two wheels can do for your soul.
Question is, how do you insure the little scooter? Does it qualify as a motorcycle at all?
Yes it does! Mopeds and scooters (electric and gasoline-powered) can be insured on a Motorcycle policy. All the same coverage 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 in our province. You can also arrange coverage for these vehicles on an automobile policy just as you would with your motorcycle. And most important, your home insurance policy is NOT designed to cover these vehicles when they are stored during the off season - they are motorized and they belong on an automobile policy!
We can help with any of it. Just give us a call.