Motorcycle Insurance

Motorcycle Insurance Policies

Chicago Insurance Advisors

It is important to protect your assets, especially ones that required a significant financial investment. If you own a motorcycle, understanding your options when it comes to insurance can provide you with the peace-of-mind you need in ensuring you can get the most out of the vehicle. 

What is Motorcycle Insurance?

Motorcycle insurance is a policy that protects the vehicle in the event of a loss. Not only does it offer you protection when the worst-case-scenario occurs, but it is required by law to have whenever you are on the road. These policies are not just for motorcycle owners as they also cover:

  • Scooters
  • Mopeds
  • Snowmobiles
  • ATV's
  • Golf carts

How It Works:

There are a number of ways in which insurance can benefit the customer. Aside from a total loss, these policies can also provide coverage for accessories, transport trailers, trip interruptions, roadside assistance, and rental vehicles. When the need arises, a claim can be filed, and an insurance adjustor will determine the extent of compensation due. 

Different Types of Coverage Available

You get what you pay for, and there are various insurance plans available that offer different levels of coverage. One popular choice is comprehensive coverage. This allows you protection even if the incident is non-accident related such as a fire, theft, or weather related situation.

Collision insurance allows you compensation if your vehicle is damaged in a traffic accident. Although it is less expensive than comprehensive coverage, the level of protection is considerably lower. 

Bodily injury coverage can prove crucial if you are ever injured. It covers medical expenses resulting in motorcycle-related accidents, and it can save you thousands if you ever need to use it. 

Major Benefits

Although we like to think the worst-case scenario will never happen to us, the truth is that it can. If you are ever involved in an accident or your vehicle is ever damaged, it can be difficult to come up with the money to repair and replace parts or pay for hospital stays and doctor visits. Having a reliable insurance policy provides you with the peace-of-mind you deserve.


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