When you get a new bike, the open road will call out to you. Before you head out, you need to make sure that you have the right motorcycle insurance. By law, you are required to carry minimum liability insurance. While the lower rates may be tempting, you may be better off with a more comprehensive policy. If you have financed your motorcycle, your lender will have requirements about the type and levels of coverage that you carry. Even if you don’t owe on your bike, you need to understand the insurance options available to you. This is where the agents at the Commonwealth Insurance Center can help. We serve the insurance needs of motorcyclists throughout the Richmond, VA area.
We can discuss what is covered by a liability policy and the benefits it brings. Basically, if you are deemed responsible for an accident, the policy will cover the repair expenses of the other party. It will also pay their medical expenses and legal fees, if needed, should they decide to sue. It will not cover the repair of your motorcycle, however, or your medical expenses. Also, a liability policy will only pay out up to a certain amount. If the injured party’s medical expenses exceeded the predefined amount, you will be responsible financially for the additional expense.
The agents at Commonwealth Insurance Center will talk with you about more comprehensive and collision policies. There is a wide range of options available for motorcyclists in the Richmond, VA area. They will help you find the one that best protects your investment in your bike, as well as, assists if there ever is an accident. The team of agents will walk you through various policy options and answer any questions you may have. Visit our website online for general information then call for an appointment today!