Welcome to Maxx Insurance Guides
Motorcycle Insurance Comparison Article
This is a selection made from among articles on Motorcycle Insurance Comparison. For a permanent link to this article, or to bookmark it for future reading, click here.
Custom Motorcycle Insurance: Securing your Huge Monetary Investment
from:
Have you seen motorcycles lately with designs that are quite different from the regular motorcycles you are seeing around? These are called custom motorcycles which are highly stylized and fitted according to the personality of its owner. It treats motor attributes such as its frame and engine design differently compared to the standard manufacturing of a regular motorcycle.
Unlike the regular motorcycle that is massively-produced, custom motorcycles are manufactured in a very limited amount. Some famous and expensive custom motorcycles are the ones manufactured by Harley Davidson, Orange County Choppers, and Jesse James’ West Coast Choppers which became an established status symbol in custom motorcycle.
Custom motorcycles can be considered to be a huge monetary investment. Especially if you built your motorcycle all by yourself, it is considered to be more than what you invested if you will buy it. Expect that there are no their custom motorcycles around the world that resembles like the one you own. You made it for yourself and enjoy it.
Since you built it, it is your pride to protect it from possible damages. You may opt to store it indoors or locked it in your garage protected with a security system. However, unforeseen circumstances are just out there are in the corner, waiting to strike. Unlucky for you if your custom motorcycle will be damaged or ripped off in an accident on the road.
It is something that you should be prepared of, whether you like it or not. That is why you need to get an insurance policy for your custom-built motorcycle. However, keep in mind that there are more things involved and at stake in getting an insurance policy for this kind of motorcycle compared to car insurance and even the regular motorcycle insurance coverage.
This article will help you shop for the best insurance policy for your custom motorcycle. If you own one, it will be of great help for you if you will read the rest of this article. Remember that getting a policy for your unique piece of work is not just as easy as you think.
First thing you must be aware of is not all insurers are willing to provide coverage for custom built motorcycles because these are often lacking Blue Book values. Since it is commonly built by an individual and the kits used are purchased from an unrecognized custom shop, custom motorcycles are hard to register. Thus, it also makes harder to insure the motorcycle itself.
Another reason why custom motorcycles are hard to insure is because of its very high replacement costs involved. In case these custom motorcycles are lost or damaged, insurance providers do not want to risk their investment just to compensate these high replacement cost. For instance, a brand-new Harley Davidson could sell for about $25,000. A custom motorcycle can be twice that amount, retailing for $50,000. Every insurer knows the high risk of insuring such huge amounts, and they do not want to risk their investment in such matter.
Most of the states across the country that offers motorcycle insurance will require these custom-built bikes to be inspected by their respective Department of Transportation and pass either semi-annual or annual safety test.
The first thing is to pass this safety test in order to get your motorcycle insured. After passing it, look for insurance providers that offer full motorcycle coverage and not just liability insurance. This will include coverage of injuries to you and other persons involved as well as the damages on your custom motorcycle in case of accident or theft.
Insuring your custom motorcycle is securing your monetary investment in building it. Get an insurance provider that can understand your needs in protecting such valuable investment of yours.
 |
 |
Motorcycle Insurance Comparison News
Progressive.com Maintains Position as Best Car Insurance Shopping Site - MarketWatch (press release)
Progressive.com Maintains Position as Best Car Insurance Shopping Site MarketWatch (press release) - Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30000 ... |
Motorcycles come with risk - SmartBrief
Motorcycles come with risk SmartBrief, DC - In 2007 5037 US motorcyclists died in traffic accidents, the most in more than three decades, said Anne Fleming, a spokeswoman for the Insurance Institute ... Hoosiers' dropping of auto coverage causes concern |
13 companies hiring this year - CNN
 CNN | 13 companies hiring this year CNN - Who they are: A franchise that offers mobile cosmetic repair and reconditioning services to industries including hotels, motorcycles, boats, automobiles, ... |
Harley-Davidson Announces Leadership Change at Financial Services Unit - PR Newswire (press release)
Harley-Davidson Announces Leadership Change at Financial Services Unit PR Newswire (press release), NY - Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company (HDMC), Buell Motorcycle Company ... |
Deaths Surge As More People Ride Motorcycles - MSNBC
Deaths Surge As More People Ride Motorcycles MSNBC - ... said Anne Fleming, a spokesperson for the Insurance Institute for Highway Safety. In Florida, there were 517 motorcycle fatalities in 2007, ... |