When Should I Get Motorcycle Insurance?

If you enjoy riding a motorcycle, the state of Colorado provides some amazing places to enjoy the beautiful landscape and open road. If you do own a motorcycle in the Longmont, CO area, you will want to make sure that it is properly covered by insurance. There are several situations in which you will want to get insurance on your motorcycle.

When You Want to Comply with the Law

One situation in which you will want to get motorcycle insurance is when you are looking to comply with the law. While most people consider a motorcycle to be a recreational vehicle, they still come with similar insurance requirements as other types of vehicles. In Colorado, you will be required to carry bodily injury coverage of up to $50,000 per accident and property damage coverage of at least $15,000 per incident.

When You Have a Loan

If you have taken out a loan when you bought your motorcycle, you will want to carefully consider the requirements under the loan agreement. In many situations, you will find that you will need to have a full collision and comprehensive policy in place. Even if this is not required under a loan agreement, if you have a loan outstanding having the additional coverage could be helpful. This will provide you with coverage in a wide variety of situations including if your motorcycle is stolen, vandalized, or severely damaged.

When you are considering your options for motorcycle insurance, you should meet with the 1st American Insurance Agency to discuss your needs. Those that are in the Longmont, CO area and meet with the 1st American Insurance Agency will find that the agency can provide some amazing services to help better explain auto insurance requirements and help anyone get into the right policy.