Owning your own motorcycle provides a great way to travel and save money. However, getting the most out of your motorcycle ownership requires making intelligent decisions, including insurance decisions. Here at Insurance Solutions LLC, serving Omaha, NE, and the surrounding areas, we can help you make those smart choices. Here are a few things you need to know about motorcycle insurance.
Required By Law
First, you need to be aware that motorcycle insurance is required by law. A motorcycle isn’t a recreational vehicle like some other things. It’s considered a street-legal vehicle and requires adequate, minimum insurance coverage. If you fail to keep the proper coverage on your bike, you can face stiff legal and financial consequences.
Needed to Protect Your Investment
Buying a motorcycle is a significant expense, and you want to do everything you can to protect your investment. If you’re in an accident, even just a single-vehicle accident, and your bike is damaged or totaled, the cost of repairs or replacement of that bike will come out of your pocket. This could create a financial hardship, especially if you depend on the motorcycle as you remain the method of transportation. You can protect your investment by purchasing the proper motorcycle insurance.
Helps Avoid Legal Consequences
A motorcycle is a higher-risk vehicle than a car or truck, so insurance is even more important. Suppose you fail to keep proper insurance, and you damage another vehicle or cause injuries to someone. In that case, you will be held legally responsible for the expenses of the property damage or their medical expenses. Insurance can help pay for these expenses.
If you’re seeking motorcycle coverage, please get in touch with us today at Insurance Solutions LLC, serving Omaha, NE, and the surrounding areas.
