Motorcycles require liability insurance which protects the owner against costs associated with injuries to others or property damage resulting from a cycle accident.
Options in Insuring your Bike
The majority of states - including New York - require that operators of motorcycles, like automobiles, be licensed and the vehicles themselves be registered. To complete registration, motorcycles require liability insurance which protects the owner against costs associated with injuries to others or property damage resulting from a cycle accident.
In addition, coverages such as comprehensive or collision may be required by a lender if you have financed your motorcycle or if you wish to protect against accidental damage to the bike. Other perils such as theft or fire are also protected under this form of coverage.
Also available are coverage options for:
- Replacement cost, which protects against total losses involving newer motorcycles from theft or accident damage;
- Accessories you may have installed on your bike;
- Safety apparel such as clothing or helmets which could be damaged in an accident; and,
- Towing and emergency road services.
Motorcycle insurance is a very individualized commodity due to the inherent hazards in riding the wide variety of cycles and the differing nature of the vehicles themselves.
Discounts are available through many insurance companies for safety course completion, a good personal safety record, and multiple vehicles or policies.
Accordingly, Bryant Asset Protection strongly recommends that prospective riders consult with our insurance professionals to discuss the options available to arrive at a plan that fits your needs best at a cost that is affordable.