Motorcycle Insurance Articles
Motorcycle Insurance and Damaged Vehicles
2010-06-03
While there are several aspects to taking out insurance on your motorbike, the most complex area has to be what happens in case your vehicle or someone else's is damaged in an accident which you were involved in. In this case, there are several insurance benefits which you and the appropriate third parties will get if the unfortunate should occur. With the right level of coverage, not only will repairs on your motorcycle be paid for, but the damage done to another car or bike will be taken care of as well. Of course, there are differences between a car and a motorbike insurance policy and it pays to be aware of these when choosing a plan.
If an accident occurs to an insured rider, several things may occur which affect the motorbike itself. If the damage is less than a certain amount, then an insurance company can pay for any repairs and replacement parts as needed, once the rider first pays the deductible (which is stated in the contract itself). However, these types of damaged vehicle benefits do not apply if the motorbike is critically damaged. If the cost of repairs is higher than the cost to purchase a new motorbike, the insurance company will just replace the vehicle instead. In both cases, however, you will be able to get back on the road before you know it.
But, what happens if you damage another car or motorbike? Since a motorcycle is a smaller, lighter vehicle, the chances of it doing some really costly damage are small. By including third party coverage in your contract, your insurance company will pay for any repairs required for damages done to other vehicles. These insurance benefits usually come with a small increase in the premiums paid, although the total amount will still be less than the average car insurance payments due to the nature of a motorcycle compared to the standard automobile. In the end, any damage to third party vehicles within an accident will be covered for a very reasonable additional cost.
Of course, finding the right protection in case your vehicle or another is damaged in an accident is no easy task. Compare different plans and conditions and make sure that the policy that you choose will cover you in a range of accident situations. By talking to the experts, both in your local insurance broker and online, you should be able to get enough information to make a smarter choice. You deserve a variety of damaged vehicle benefits within your insurance plan but make sure that you do not have to pay a fortune for them. After all, protection on the road should be something that everyone can afford.