With the overwhelming number of cars and large vehicles on the road, some car owners are choosing motorcycles as a substitute for transportation. With its sleek size and swift movement, the industry of this small vehicle continues to grow all over the world.
But even with its convenience in purpose, it can also be the cause of accidents and physical damage, thus, one needs to be insured. You’ ll never know when accidents can happen. It’s always better to be prepared. Let us know more about a motorcycle insurance quote.
What is Motorcycle Insurance?
Motorcycle insurance is a kind of insurance made specifically for motorcycle drivers and owners. It is made to make sure of the protection of the owners and their units. It is a kind of security for the possible incidents, accidents, or damages that could happen in the future. It applies on almost all motorcycle type vehicles except off-road cycle, which has different coverage.
Types of Motorcycle insurances
Before we know how much motorcycle insurance a person needs, we need to understand the different types of motorcycle insurance:
This coverage is for those vehicles that have collided with another vehicle. The damage made by this collision might be the reason why you need to fix or replace your unit. It will depend if the motorcycle is still on loan or paid fully if the coverage will cover all of the damage.
This covers the damage even if the vehicle is not destroyed by collision. Fire. flood, theft, and other possible circumstances can be a valid reason for availing this.
If ever you want to customize your vehicle, this coverage can be added for other coverages that do not cover the damage if ever the manufacturer’s parts are replaced.
If ever the rider suffers physical damage due to a traffic accident, this insurance will immediately cover up your medication no matter who has the fault in this.
Also known as the Personal Injury Protection, this coverage is more extensive than the Medical Coverage. This covers even the child loss of funeral that occurred in the traffic accident.
Uninsured motorist insurance
If ever the owner or the rider had an accident with an uninsured motorist, this insurance will cover all your damages, may it be physically or even the unit’s destruction.
For more questions, you can visit the Riderz Law website.
Other available Insurances:
– Full Damage Coverage – covers all the available insurance for motorcycles
– Repair Coverage – covers all repairs needed for physical damages
– Valued Belongings Coverage – covers belongings that are stolen from your motorcycle
– Trip Interruption Insurance – covers disturbances if ever your trip was interrupted
– Passenger Liability Coverage – covers damage or physical injuries that happened to your guest passenger during the traffic accident
– OEM insurance – covers items from Original Equipment Manufacturers
– Carried Content Coverage – covers items lost inside your motorcycle carrier
For further information, visit the Experian website.
Motorcycle Insurance Quote
Now that you know the different kinds of motorcycle-related insurance. You must know how much coverage is needed in order for you to invest in the right and suitable coverage.
The amount of insurance that you need to get depends on what you can wisely afford. If you cannot afford all the available insurance, then go to the most suitable and reasonable coverage that you can get. A student can get even just 2 or 3 coverage out of the money he/she saves from his school money, while a rich motorcycle owner could afford almost all the available insurance that could help you and your unit.
Some people, even if they could afford it, do not invest in such insurances because they believe that the accident may not happen to them. Be a reasonable person and prepare yourself for any possible circumstances. Always consider your benefits and value.
For your motorcycle insurance quote, one of the best companies in Singapore is Direct Asia. Being the best in its insurance game, Direct Asia can give you the most suitable insurance package for you and your unit. With their unique treatment of every client and wise suggestions, Direct Asia’s insurance agents take care and will never pressure you in your insurance decision.