After Damage: Re-Customization And Motorcycle Insurance
For many motorcycle owners, their bike is more than just a vehicle to get from one place to the next. It is an investment. It is an item that offers great pride. And, most importantly, it is unique.
Many motorcycle owners customize their bike. They change out parts to make it better fit their style or their interests.
This is a good thing. However, if you make changes, you need to be sure your motorcycle insurance policy will cover them.
Does Your Insurance Policy Offer Protection?
First, ensure your motorcycle insurance offers comprehensive coverage for the types of damage your bike could sustain in the following scenarios:
- You’re in a collision that’s deemed to be your fault. You’ll need collision insurance for this type of damage.
- A fire damages the bike.. You’ll need comprehensive motorcycle insurance to cover repair or replacement.
- You’re involved in a wreck, but another driver’s at fault. That other person’s insurance should cover your losses. However, you can carry certain insurance coverage to help you with repairs.
Next, take a look at the policy’s limit. Every policy has a limit as to how much it will pay out during a covered incident. Be sure this is adequate to cover not only damage to your bike but also any customizations you select.
What Happens After You Make a Claim?
After a claim, your insurer will likely discuss the custom components of your bike with you. In most cases, you should let your insurer know about customizations before selecting a policy. That can make all of the difference in the long run.
In any case, a high-quality motorcycle policy will likely cover your bike’s customizations. Generally, repairs will involve re-customization of the bike. Every policy is different in terms of which types of customizations it includes. They also vary in how much support they will provide for specific re-customizations.
If you make customizations, be sure your motorcycle insurance policy represents those details. You can select a policy that is reflective of your bike’s value. You also want to ensure your plan offers replacement cost coverage in case your bike is a total loss. This will compensate you for the higher value of the customizations on the bike at the time of the incident.
Cloverleaf Insurance can help you get the best policy for your needs. Call us at (800) 538-5822 for a free motorcycle insurance quote.