When you rent an apartment or house, your landlord will normally be responsible for the insurance necessary to protect against damage to the building itself, but it’s up to you to protect your possessions.
As with auto insurance, motorcycle insurance policies are made up of several components, some of which are legally required while others are optional, but a smart buy.
The absolute minimum coverage you’ll need when it comes to motorcycle insurance is liability insurance, which covers costs you have to pay to other people after an accident that’s your fault–including their medical bills and repairing or replacing their vehicle.
Your state’s laws will set a minimum amount of coverage for liability insurance, but you may want the peace of mind of getting a higher coverage limit.
Motorcycle collision coverage will pay out to repair or replace your bike after a crash, even if it’s deemed your fault.
Meanwhile, comprehensive coverage adds in coverage for your bike being stolen, vandalized or damaged by fire.
Other optional extras worth considering include specific coverage for custom motorcycle parts such as GPS or trailers that you’ve added to your bike and aren’t necessarily included in your standard policy.
You can also get coverage that pays your costs if you’re involved in a collision with an uninsured driver or rider.
Finally, don’t forget roadside assistance, which will get you to a repair facility if your bike has a mechanical breakdown or you suffer a flat tire.
We’re happy to talk through the details of motorcycle insurance, of course. Contact us, and we’ll lead the way.
Getting out on the water should be carefree, but owning and running a boat brings several financial risks.
Watercraft insurance means you can stop worrying about those risks and get back to relaxing on your boat.
Boat insurance (or watercraft insurance) policies usually have two standard elements, with two optional extras that are worth considering.
One standard feature is insurance coverage for physical damage to the boat, whether that be from a collision, fire, severe weather, theft or vandalism.
The other standard feature in a boat insurance policy is liability, meaning you’re covered for damage you cause to other boats or people, along with the associated legal costs.
Look for insurance policies that cover the costs of cleaning up any oil spillages if your boat is severely damaged, as well.
One optional element of watercraft insurance is coverage for theft of or damage to your personal possessions kept or used on your boat.
This is well worth considering when you think about the costs of sports or fishing equipment and expensive gadgets.
You can also get optional boat towing and assistance coverage that protects you against the costs that come up if your boat breaks down while out on the water.
Spending time on the water is fun.
Talk with us about getting the proper boat insurance coverage in place today.