Basic liability coverage is a must-have for any motorcycle rider and a requirement when riding in the Wilkes-Barre, PA area. Full coverage goes beyond what typical liability insurance coverage offers, giving you better protection against financial uncertainties while making it easier to replace your motorcycle after an accident. But is it worth adding extra coverage beyond liability insurance? You can count on The Shay Agency to help you find out.
What Full Coverage Gives You
Here’s a brief list of additional coverage options to choose from when considering full coverage:
- Comprehensive and collision – These options can help you replace your motorcycle if it’s damaged in an accident or stolen.
- Uninsured and underinsured motorist – This option covers you if you’re in an accident with someone who has inadequate insurance coverage or no coverage at all.
- Medical payments – This add-on covers your medical expenses regardless of whether you were found at fault or not.
- Custom parts – There’s even coverage for your motorcycle’s custom parts and equipment, especially for components that aren’t covered by comprehensive and collision insurance.
When to Purchase Full Coverage
Buying full coverage motorcycle insurance is a good idea if your motorcycle’s resale value is higher than what you could comfortably replace out-of-pocket. For a high-value classic or custom motorcycle, the increase in your insurance premiums is a small price to pay compared to the cost of replacing a total loss out of your own pocket.
If you have a cheap used motorcycle, on the other hand, the extra premiums may not justify the benefits you’ll get from a full coverage policy. In this case, you may end up saving money by paying for the repairs yourself.
It’s up to you to decide if full coverage motorcycle insurance is right for you. The experts at The Shay Agency can help you and others in the Wilkes-Barre, PA area select the right coverage.