When you purchased your bike, you asked many questions. You did not sign on the dotted line until they were all answered to your satisfaction. Why not take the time to truly understand your motorcycle insurance policy? It is critical that all bikers know how much coverage they have as well as how much they will need to fully cover themselves in case of a crash that is not their fault. Remember, saving money only equals receiving less coverage. You truly do get exactly what you pay for when it comes to motorcycle insurance.
There is a minimum amount of insurance motorcyclists in New Jersey must carry. The amount is $15,000. If you fail to carry the minimum amount of insurance in New Jersey, you may be subject to fines, community service and suspension or revocation of your motorcycle driver’s license up to one year loss of license. However, what happens when you are involved in an accident that is not your fault? Imagine having to file an insurance claim after an accident that was caused by a reckless driver only to find out that the reckless driver only carried the minimum amount of insurance in the amount of $15,000? Or worse, no insurance!
There are many insurance companies out there that will sell you motorcycle insurance. All of them want your business. However, none of them want to discuss with you the most important aspect of the motorcycle insurance policy. It is the uninsured/ underinsurance motorcycle endorsement, commonly referred to as UM/UIM. Andrew S. Prince will explain to you clearly what exactly UM/UIM coverage provides to you and your family. If you live anywhere in the State of New Jersey, contact Mr. Prince for a free consultation about your motorcycle insurance and, in particular, what exactly is UM/UIM. This information is so important to yourself, as well as to your family in the event that you are injured in a motorcycle accident.
Unfortunately, most of the motorcycle insurance carriers out there are trying to lower your premium in “15 minutes or less” or some other “savings promise” to get you as a customer. However, none of them are telling you the most important fact. When you save money on your insurance, you are also reducing your UM/UIM coverage. You get what you pay for when it comes to insurance. If you are paying less and saving money, this only means that you are getting less coverage and, most importantly, you are getting less coverage in the most important section of your motorcycle policy which is the uninsured and underinsurance coverage (UM/UIM).
When you find a motorcycle insurance company willing to sell you a policy for less than their competitor, consider that all you are doing is buying less insurance coverage. An excellent comparison might be the cost difference between a gallon and a quart of milk: the quart may be cheaper but it is also one fourth the size of the gallon. The truth is that New Jersey insurance companies make their money on volume of policies written. Do not make the mistake of betting on “good luck.”
Some statistics are hard to read, including these two: bikers are almost five times as likely to be in a crash as cars. Further there is a 26 to 36 times more chance that a biker will be seriously hurt or die in one of those accidents.
Andrew Prince advises all motorcyclists to prepare for the worst and hope for the best; max out on your motorcycle insurance. It is not as much money as you think. Contact Mr. Prince for free review of your motorcycle insurance policy. You can call him at (800) TEAM-LAW or (800) 832-629, email at [email protected] or fax to (732) 388-8711.
It is so critically important to buy as much motorcycle insurance coverage as you possibly can afford, according to experienced Team Law motorcycle injury attorney Andrew S. Prince. In fact, Mr. Prince is a major supporter of bikers’ rights, sits on the Board of Directors of Rider Education of the State of New Jersey, is a contributor to the American Motorcycle Association and has been protecting motorcyclists for over 25 years. He will review your motorcycle policy for free. Contact Andrew Prince by phone, email ([email protected]) or fax (732) 388-8711. You can also call (800) TEAM-LAW or (800) 832-6529 for a free consultation.
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