By: Andrew S. Prince, Esq.
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To shine a headlight on this twisty subject, Andrew S. Prince, New Jersey motorcycle attorney, is always available for free to answer your questions. Andrew Prince has seen it all in his 25 plus years of representing the injured biker. His experience makes him uniquely qualified to share these tips for buying motorcycle insurance. If you have any questions, please call (800) 832-6529 or send an email to [email protected] – he will be happy to help.
When shopping for motorcycle insurance, it pays to plan ahead. “Buy it before you need it.” Let’s say you plan to take your first ride of the year in the spring, do not wait until the day before to buy a policy. Do your research and buy your plan a few weeks ahead.
When comparing the costs of insurance plans, remember: premiums are only part of the equation. Often times, plans with lower premiums have high deductibles and are missing key coverages – which means one serious claim could cost you a lot.
Price should not be an important consideration. It is the coverage that matters. The primary reason you need maximum insurance on your bike is to help protect yourself in case you are injured by someone else’s negligence. More to follow below in Tip #6.
If you want to cover your bike against damage or loss, you will want collision or comprehensive coverage. Collision coverage helps to cover damages to your bike in an accident involving a collision, regardless of fault and regardless of whether the other party has insurance. Comprehensive coverage helps to cover losses not caused by a collision – such as theft, flood, fire, and vandalism.
Accessory coverage protects what collision and comprehensive do not – that is anything and everything that is not “stock” on your bike. We are talking about custom paint, pipes, seat and even riding gear such as your leather jacket. So, how much accessory coverage do you need? To decide, you need to account for everything added onto the bike that is not included from the manufacturer. This includes anything added by your dealership or a previous owner.
Some motorcycle insurers offer discounts for things such as taking a safety course, insuring multiple motorcycles on one policy, qualifying as a safe driver or simply renewing your annual policy.
Andrew Prince highly recommends taking (and passing) a safety course before you buy a policy – and preferably before you buy a bike. If you have just bought your first bike, your premiums are bound to be high due to your lack of riding experience, but you can offset that somewhat by taking a safety course. He suggests you look into Rider Education of New Jersey. They are the best – you can reach them at (732) 572-0800. Look them up at RENJ.com.
You would be surprised how many consumers are sure that their insurance policies cover everything, only to find out (after filing a claim) that it does not. That is why it is so important to understand the different coverage options available to you and make sure you have what you need.
Liability insurance helps protect you financially if you are at fault in a motorcycle accident that causes damage to someone else’s property or injury to another person who is not insured on your policy. Liability insurance comes in three types: bodily injury liability insurance, property damage liability insurance and passenger liability insurance.
Other less well-understood coverages include:
This helps provide protection for your injuries or death if you are involved in a motorcycle accident with a motorist who has no insurance or insufficient coverage and is considered at fault. THIS IS BY FAR THE MOST IMPORTANT COVERAGE. Call Andrew Prince to discuss this coverage. You will not regret it. It is that important.
Motorcycle insurance is not an easy topic, but you deserve to talk to some who is willing to help you understand it. Andrew Prince is happy to spend the time with you. He loves talking about this stuff!
Progressive Insurance will provide you with $500,000 of uninsured/underinsured coverage. There are others that offer only up to $250,000. It is the UM/UIM coverage that you need to maximize. “Do not cheap out!”
Do you now have a question about motorcycle insurance? Do you want to talk with Andrew Prince who will not steer you wrong? Call (800) 832-6529 or (732) 388-5454 to speak with Andrew Prince. You can also email Andrew Prince at [email protected] or fax me at (732) 428-1509
Andrew S. Prince, Esq.
136 Central Avenue
Clark, NJ 07066
1 (800) 832-6529
(732) 428-1509 — Fax
Additional Offices in New Jersey
Edison, East Brunswick, Jersey City,
Newark, Orange, Perth Amboy and Westfield