Motorcycle insurance provides plenty of benefits to today’s property owner. You can protect your bike at any value and you can likely find a policy that meets your specific needs, such as providing you with customized equipment coverage. If you own a bike that’s valuable, it makes sense that your motorcycle insurance also needs to be valuable enough to protect against many of the risks associated with owning a bike. The good news is that a wide range of policy options and customizations are available that can help reduce financial risks to you.
What is Optional Equipment Coverage?
Some motorcycle insurance providers offer a policy called an optional equipment coverage rider or plan. This helps provide you with a few nice benefits. First, it pays for after-market additions to your bike. Many of today’s bike riders are investing in customized features for their bike. These items are not only hard to replace, but they can be expensive to replace in the event that they become damaged during a covered claim. Optional equipment coverage may help to do that. It can provide coverage up to a specific dollar amount (listed on your policy) for items such as crash bars, custom seats and fairings.
When it comes to selecting these policies, there are a few things to keep in mind. First, you need to be sure you choose a policy that fits your unique needs. It needs to cover the types of after-market additions you’ve made. Be sure the policy specifically names these items on it. Second, it helps provide you with coverage up to a specific dollar amount. You may be able to extend this further to ensure it offers comprehensive protection against all of the risks you face.
What Should You Do Now?
If you do not have motorcycle insurance with optional equipment coverage, it may be time to add it. If your bike has any extra features, it is well worth adding these types of policies to extend your coverage beyond what your current policy offers. Keep in mind that you need to inform your insurer about the specific additions you’ve made to the bike at the time of securing this policy and over time as you make those changes.
Is your gear covered? Call General Insurance Services at (219) 879-4581 for more information on Michigan City motorcycle insurance.