Coverage options for motorcycle insurance are similar to the standard ones you’ll find for auto insurance. In addition to liability and uninsured/underinsured motorist coverage, most insurers offer these options:
Insurance companies typically offer add-on options, although some may offer one or more as part of their standard policies. For some of these, limits and deductibles apply.
Many insurers offer what is called lay-up insurance during winter, when many drivers put their motorcycles away. During the lay-up period, insurance still covers you against theft and other events that can happen while your bike is in storage. Lay-up coverage saves on your annual insurance costs, but keep in mind that if you take the bike out on the road during the lay-up period, insurance won’t cover you in an accident.
Discounts vary by insurance company. Here are some of the most common ways to get a price break:
One of the most important things to understand about your motorcycle policy is how it pays out if your bike is destroyed or stolen. There are three types of settlements. These are: