Motorcycles are more difficult to keep secure compared to other vehicles. Thieves often target motorcycles because they are easier to steal, making this a prime concern for motorcycle owners. According to Moving Intelligence, about 75% of the motorcycles stolen in May were not recovered compared to the lower rate of 39% of stolen cars that weren’t recovered. Thankfully, insurance agents at Smoller Insurance Agency can help you find coverage to meet your needs.
Liability Coverage
Many states require that vehicle owners have basic liability coverage. Liability coverage provides the bare minimum coverage necessary. It often covers property damage and bodily injury for people in the other vehicle. However, it doesn’t typically cover damage to your motorcycle or theft. Instead, it focuses on providing the minimum coverage to comply with local, state, and federal regulations.
Collision Coverage
Collision coverage is a popular vehicle type in Boston, MA, and often covers damage to your car if there’s an accident. For example, get in an accident with a vehicle. The insurance company will often cover the cost of repairs or total out the motorcycle and pay you to purchase another one. However, collision coverage primarily covers accidents, not theft.
Comprehensive Coverage
Comprehensive coverage is known to cover things that are beyond your control, including theft. This type of coverage may cover acts of God, weather-related, or random events you can’t control. For example, if severe weather strikes and a tree falls on your bike. However, it does often require a deductible. Motorcycle owners are required to pay a deductible before insurance kicks in. Full coverage usually covers theft, too.
Contact Smoller Insurance Agency
Insurance coverage often varies depending on the state and insurance company. Agents at Smoller Insurance Agency understand the importance of theft insurance for motorcycle owners and are currently serving the Boston, MA area. Contact us to discuss your coverage today.
