Motorcycle Insurance Articles
How To Insure A Vintage Motorcycle
2010-10-02
Owning a vintage motorcycle can be very satisfying. It's very pleasing to own a piece of history. However, being as a vintage motorcycle is so valuable, it can be vulnerable to theft. Also, seeing your vintage motorcycle get damaged would not only be painful to see, but could incur heavy insurance costs. If you take the right action, you can get a great motorcycle insurance deal for your vintage model. Read through this article and you will have all the information you need to get a great deal.
The first thing to do when insuring a vintage motorcycle is to determine its value. This will make it easy for the insurance company to calculate the cost of your insurance. To help motorcycle insurance companies determine your bikes value, make sure you know its starting price. If your bike was part of a limited collection, this adds to its value.
If your bike has been restored, you will need to provide its stated value, and you may need to use a restoration specialist in order to get approval from insurance companies.
Something that will affect the cost of your insurance is your amount of mileage. Make sure you are aware of how many miles you put on your motorcycle. If you ride you bike a lot, then your premium is going to be much higher. In order to drive down costs, limit how often you travel via your motorcycle.
It is also important to keep your bike in good condition in order to qualify for insurance. This means it needs to be stored properly and given regular maintenance. Motorcycle insurance companies want to see that you take good care of your bike.
When searching for an insurance deal, make sure you chose an insurance company that has a good reputation. You can do this by reading reviews on the internet. By choosing an insurance company with a good reputation, you will ensure that any problems you have with your bike will be dealt with promptly and efficiently. Also, make sure that the company you choose specializes in vintage motorcycle insurance, as many companies only insure regular bikes. This will ensure you get the best deal possible.
As you can see, there are important things to consider when insuring a vintage motorcycle. Before you seek insurance, make sure you are certain of your bikes value and mileage, and make sure your bike is in the best condition possible. Seek out reputable insurance companies that specialize in vintage motorcycle insurance. If you keep on top of all this, you are certain to get a good insurance deal on your vintage bike.