Should I Get Collision and Comprehensive Coverage for My Motorcycle?

Riding a motorcycle can be a very exhilarating experience and a fun way to enjoy a commute. While they are a lot of fun to drive, a motorcycle is also an asset that needs to have proper insurance. In the state of Indiana, all drivers are required to carry liability insurance on their motorcycle. However, while collision and comprehensive insurance coverage are not required, there are several situations in which having this type of coverage would be beneficial.

Loan or Lease

If you have a loan or lease on your motorcycle, having collision and comprehensive coverage is likely a requirement. Since collision and comprehensive coverage will provide you with coverage in the event you are in an accident, or if the bike is stolen or damaged, the lender will likely need you to maintain this type of coverage until the loan is paid off.

Replacement Cost

Another factor to consider when deciding whether or not to get collision and comprehensive is the replacement cost of the motorcycle. A motorcycle’s value and price can range significantly from one bike to the next. If your motorcycle is valuable and would be too expensive for you to replace, then getting collision and comprehensive coverage is a necessity.

Risk Factors

Finally, those in the Mishawaka, IN area need to consider their specific risk factors. If you live in an area that is prone to vandalism or theft, having additional insurance coverage would be beneficial. A full collision and comprehensive policy will help to address these additional risks that occur in your area.

For those that are in the Mishawaka, IN area, meeting with Kevin Dennis Insurance Agency to discuss your insurance needs can be very beneficial. Kevin Dennis Insurance Agency will be able to help educate you on the topic of motorcycle insurance and get you started with a policy. Reach out to our agents to get a quote.