Bryant Asset Protection

OK, so you've taken the canvas cover off your motorcycle, polished up the chrome, checked the fluids and dusted off your leathers and helmet. Hit the road? Not yet, Captain America.

Before you hit the road, there are a few quick things you need to do to make sure that your trip doesn't result in a really bad financial road rash should a problem arise out there.

1. Make sure your insurance is still fully in force. Some companies have a winter "layaway" period when some of your coverage is restricted or limited. Check with your insurance company to see if you have any such limits in your coverage before you take that bike on the road.

2. Update your policy. Let your insurance company know about any changes like additional riders or a new address. A quick call to your independent agent can get you coverage that meets your needs.

3. Cover customized parts. Accessories such as chrome plating, a new paint job, saddlebags or custom rims usually increase the value of your bike. If you've added custom parts or equipment, make sure they're protected by adding their value to your policy.

4. If you don't need it, drop it. If you own an older bike, check its value. Don't pay for coverage that you don't need. Consider dropping collision coverage if the premium equals 10 percent of the bike's market value. Understand, however, that you won't be covered if your bike overturns or collides with another object.

5. Shop around. Prices can vary from company to company, so shop around before you buy.

Another tip: If you purchase comprehensive and collision coverage, consider raising your deductibles. This can lower the cost of your physical damage coverage.

Now you're ready to roll. Ride safely and stay in touch with your local agent.

Posted by Bryant Asset at 11:45 AM.