The roar of the engine, the wind in your hair, and the thrill of the open road make owning a motorcycle an exhilarating experience. It is a mode of transportation that brings joy to many, but it is important to recognize the risks involved.
Motorcycle riders are more vulnerable to accidents and injuries than those driving four-wheeled vehicles. Therefore, it is essential to have motorcycle insurance.
This article will discuss the importance of motorcycle insurance and the coverage options offered by American Modern Motorcycle Insurance.
The Importance of Motorcycle Insurance for Riders
Motorcycle insurance is integral for riders, as it provides financial protection in the case of an accident. The insurance covers the cost of repairs, medical bills, and liability if an accident involving the motorcycle damages someone else’s property or injures another person.
In most states, it is mandatory to have liability coverage, which covers bodily injury and property damage caused by an accident in which the policyholder is at fault. Without motorcycle insurance, riders will have to pay out of pocket for damages or injuries caused by an accident, which can be incredibly expensive and can potentially put them into debt.
Additionally, if they are found liable for an accident, riders without insurance may face legal consequences, such as fines or even jail time. Motorcycle insurance policies can also provide other benefits, such as coverage for theft, vandalism, or damage caused by natural disasters.
This comprehensive coverage can provide peace of mind, knowing that riders are protected in various situations.
Coverage Options Offered by American Modern Motorcycle Insurance
American Modern Motorcycle Insurance offers comprehensive coverage, which includes liability, collision, and theft protection, among others. Here are some of the coverage options offered by American Modern Motorcycle Insurance:
Liability Coverage: As mentioned earlier, liability coverage is mandatory in most states and covers the cost of bodily injury and property damage caused by an accident in which the policyholder is at fault.
Collision Coverage: Collision coverage helps pay for repairs or replacement of the motorcycle if it is damaged in an accident involving another vehicle or an object, such as a tree or fence. Comprehensive Coverage: Comprehensive coverage helps pay for repairs or replacement of the motorcycle in case of damage caused by other incidents, such as theft, vandalism, natural disasters, or collision with an animal.
Medical Payments Coverage: Medical payments coverage helps pay for medical bills for the rider and their passenger in case of an accident, regardless of who is at fault. Uninsured/Underinsured Motorist Coverage: This coverage protects the policyholder in case of an accident involving a driver who is uninsured or underinsured, covering the damages and medical bills that the other driver’s insurance might not cover.
Roadside Assistance Coverage: This coverage provides assistance if the motorcycle breaks down while riding, such as towing or flat tire repair.
Conclusion
Owning a motorcycle can be an exciting experience, but it is important to prioritize safety by having motorcycle insurance. It provides financial protection and peace of mind in case of an accident, theft, or vandalism.
American Modern Motorcycle Insurance offers comprehensive coverage options that can offer protection in various situations, from liability to roadside assistance. By having the right coverage, riders can have fun and enjoy the open road while being protected from unexpected events.
Coverage Limits and
Deductibles Explained
When purchasing motorcycle insurance, it’s crucial to have a clear understanding of coverage limits and deductibles. These two factors can impact the amount you pay for insurance and the amount you’ll receive if you need to file a claim.
Let’s take a closer look at coverage limits and deductibles.
Coverage Limits
Insurance coverage limits refer to the maximum amount that the insurance company will pay for a claim. These limits vary depending on the type of coverage and are expressed in terms of the maximum dollar amount the policy will pay for a specific type of loss.
For example, let’s say you have liability coverage limits of $100,000 per person and $300,000 per accident. This means that if you’re found to be liable in an accident and the other party is injured, your insurance policy will pay up to $100,000 for their medical expenses, and up to $300,000 in total for the accident.
Similarly, if you have collision coverage, your insurance company will only pay up to the limit you select for damages to your motorcycle sustained in an accident. Coverage limits are important because they determine the amount the insurance company will pay, even if the actual damages incurred are higher.
Deductibles
A deductible is the amount of money the policyholder is responsible for paying out of pocket before the insurance coverage kicks in. In motorcycle insurance, deductibles are typically applied to collision and comprehensive coverage.
For example, if your motorcycle is damaged in an accident and the repair costs are $2,000 and your deductible is $500, you’ll be responsible for paying $500, and your insurance company will pay the remaining $1,500. Choosing a deductible is an important decision that will affect the amount of your monthly premiums.
Generally, a higher deductible will result in lower monthly premiums, while a lower deductible will result in higher monthly premiums.
Factors that Affect Motorcycle Insurance Rates
Motorcycle insurance rates are determined by several factors. Here are some of the primary factors that affect motorcycle insurance rates:
Age and Riding Experience: Young and inexperienced riders are often seen as riskier to insure and may be charged higher premiums.
Type of Motorcycle: The type, model, and year of the motorcycle can significantly impact insurance rates. Sports bikes and high-performance motorcycles may be more expensive to insure than cruisers or touring bikes.
Usage: The frequency and type of usage can also impact insurance rates. If the motorcycle is used for commuting or business purposes, it may be more expensive to insure.
Location: Where you live and park your motorcycle can also affect insurance rates. Areas with high rates of theft or accidents may have higher insurance premiums.
Driving Record: A clean driving record with no accidents or traffic violations will often result in lower insurance rates. Insurance History: A history of insurance coverage with no gaps or lapses could result in lower insurance rates.
Credit Score: In some states, credit scores can affect insurance rates, with lower scores resulting in higher premiums.
Conclusion
Understanding coverage limits and deductibles is crucial when purchasing motorcycle insurance. Coverage limits determine the maximum amount an insurance company will pay, and deductibles determine the amount the policyholder must pay out of pocket before insurance coverage kicks in.
When selecting a motorcycle insurance policy, consider motorcycle-specific factors such as the type of bike, usage patterns, and riding experience, as well as more general factors like location, driving record, and credit score. Being informed and knowledgeable about these factors can help you make informed decisions about the appropriate coverage and deductibles to meet your unique needs.
How to Get a Motorcycle Insurance Quote from American Modern
Getting a motorcycle insurance quote from American Modern is a simple process that can be done online or over the phone. The company offers a user-friendly website that guides you through the quote process step-by-step.
Here’s a breakdown of how to get a motorcycle insurance quote from American Modern:
Step 1: Go to the American Modern website. You can access the American Modern website by typing “American Modern Motorcycle Insurance” into your preferred search engine.
Step 2: Click “Get a Quote”. Once you’re on the American Modern website, click “Get a Quote” in the top right corner of the screen.
Step 3: Enter your information. The American Modern website will prompt you to enter your personal and motorcycle information, including your name and address, motorcycle make and model, and any safety or anti-theft features.
Step 4: Choose your coverage options. The website will provide you with a list of coverage options to choose from, including liability, collision, and comprehensive coverage.
You can choose your desired coverage amounts and corresponding deductibles. Step 5: Answer additional questions.
The website will ask you additional questions to personalize your quote, including your motorcycle usage (such as commuting or recreational), your riding experience, and driving history. Step 6: Get your quote.
Once all the information is provided, the website will generate your quote, which should include your desired coverage options and total premiums. Step 7: Customize your quote.
After receiving your quote, you can adjust coverage options or deductibles to reach a price point that fits within your budget.
Discounts Available for Motorcycle Insurance
American Modern offers a variety of discounts that can help reduce the cost of motorcycle insurance premiums. Here are some of the most common discounts available:
Multi-Policy Discount: If you bundle your motorcycle insurance policy with another type of insurance policy (such as home or auto), you may be eligible for a discount.
Safe Driver Discount: If you have a clean driving record with no accidents or traffic violations, you may qualify for a safe driver discount. Rider Safety Course Discount: If you complete a motorcycle safety course approved by the Motorcycle Safety Foundation (MSF), you may be eligible for a discount.
Multi-Bike Discount: If you have multiple motorcycles on the same policy, you may be eligible for a multi-bike discount. Low Mileage Discount: If you don’t ride your motorcycle often, you may be eligible for a low mileage discount.
Anti-Theft Device Discount: If your motorcycle has an anti-theft device installed, such as a GPS tracker or alarm system, you may be eligible for a discount. Safety Gear Discount: If you wear protective gear, such as a helmet, jacket, and boots, you may be eligible for a safety gear discount.
Conclusion
American Modern provides a user-friendly website that enables you to get a motorcycle insurance quote quickly and easily. The quote process involves providing personal information, motorcycle information, and coverage options to generate a personalized quote.
American Modern also offers several discounts that can help you save money on motorcycle insurance premiums. By taking advantage of these discounts, motorcycle riders can obtain the coverage they need while staying within their budget.
The Claims Process for American Modern Motorcycle Insurance
In the unfortunate event of an accident, filing a claim with American Modern is a straightforward process designed to minimize stress and hassle for policyholders. Here is what you need to know about the claims process:
Step 1: Contact American Modern.
As soon as possible after the accident or incident occurs, contact American Modern by phone or by logging into their website to report the claim. Step 2: Provide information.
When reporting the claim, you will need to provide detailed information about the incident, including the date, time, and location. You will also need to provide details about any injuries or damage sustained.
Step 3: Work with an adjuster. Once your claim is reported, an insurance adjuster will be assigned to your case.
They will work with you to investigate the incident and determine the amount of coverage that is appropriate. Step 4: Repair damages.
If your motorcycle is damaged in the incident, you will need to have it repaired or replaced. You can choose to work with an approved repair facility or use a repair facility of your choosing.
Step 5: Pay your deductible. If your claim is approved, you will need to pay your deductible before the insurance company will cover the remaining costs.
Step 6: Receive payment. Once the claim is approved, American Modern will pay out the covered amount directly to you or the repair facility.
This process can vary depending on the specific insurance policy and coverage options selected.
Add-On Features and Coverage Options Available for American Modern Insurance Policies
American Modern offers several add-on features and coverage options that can enhance the protection provided by your motorcycle insurance policy. Here are some of the most popular add-on features:
Roadside Assistance: With American Modern’s roadside assistance coverage, you can receive emergency roadside services 24/7, including towing, fuel delivery, jump-starts, and flat tire repair.
Trip Interruption: If you experience a breakdown or other covered incident while on a trip, this coverage can help pay for expenses such as lodging, meals, and transportation. Accessory Coverage: Accessory coverage provides additional protection for non-standard equipment and modifications to your motorcycle, such as custom paint jobs, saddlebags, and performance parts.
Total Loss Coverage: Total loss coverage can provide extra protection if your motorcycle is declared a total loss due to an accident or other covered incident, with coverage up to 125% of the motorcycle’s value. Additional Liability Coverage: American Modern offers umbrella liability coverage, which extends the liability limits beyond the limits of the motorcycle policy, providing additional protection against large liability claims.
Riding Apparel Coverage: This type of coverage protects your riding gear in case of an accident or theft. Additional Medical Payments Coverage: American Modern offers an additional layer of protection by allowing you to purchase extra medical expense coverage.
Conclusion
The claims process for American Modern motorcycle insurance is designed to be straightforward and hassle-free for policyholders. It is important to report any accidents or incidents as soon as possible and work with an adjuster to determine the appropriate amount of coverage.
By taking advantage of add-on features and coverage options, policyholders can customize their motorcycle insurance policy to provide enhanced protection for their specific needs. When selecting a motorcycle insurance policy, it’s essential to consider all available add-ons and coverage options, so you can be confident that you have the best possible protection for you and your motorcycle.
How Much Motorcycle Insurance Do You Need? Determining the appropriate amount of motorcycle insurance coverage can be a challenging task.
It is essential to strike a balance between protecting your financial well-being and finding a policy that fits within your budget. Here are some factors to consider when deciding how much motorcycle insurance you need:
State Requirements: Start by understanding the minimum insurance requirements in your state.
Most states require a minimum amount of liability coverage. Be aware of these mandatory requirements and ensure that your policy meets or exceeds them.
Asset Protection: Consider the value of your assets and the potential financial risks associated with an accident. Liability coverage is crucial for protecting your finances in case someone is injured or their property is damaged in an accident where you are at fault.
It is recommended to have liability coverage beyond the state minimums to adequately protect your assets. Motorcycle Value: Evaluate the value of your motorcycle.
If you have invested in a high-value motorcycle, you may want to consider collision and comprehensive coverage to protect your investment. These coverages will help repair or replace your motorcycle in the event of an accident, theft, vandalism, or natural disaster.
Personal Injury Protection: Evaluate your own medical insurance coverage and the associated deductibles and copayments. If you are concerned about potential medical expenses resulting from an accident, consider adding medical payments coverage to your policy.
This coverage can help pay for medical bills and related expenses for you and your passengers, regardless of who is at fault. Riding Habits: Consider how often and in what conditions you ride your motorcycle.
If you frequently commute on busy highways or ride in high-risk areas, you may want to increase your coverage limits to protect against the increased likelihood of accidents. Financial Comfort: Take into account your financial comfort level and ability to handle unexpected expenses.
While higher coverage limits may result in higher premiums, it can provide greater peace of mind knowing that you have adequate protection in case of a major accident.
Comparing American Modern to Other Motorcycle Insurance Providers
When selecting a motorcycle insurance provider, it’s essential to compare different companies and their offerings to find the best fit for your needs. Here is a comparison between American Modern and other motorcycle insurance providers:
Coverage Options: American Modern offers a range of coverage options, including liability, collision, comprehensive, medical payments, and more.
Compare these options to other providers to ensure they align with your requirements. Discounts: Consider the available discounts offered by American Modern and other providers.
Discounts can help lower your premiums and can include multi-policy discounts, safe rider discounts, multi-bike discounts, and more. Compare the discounts offered by different providers to see which ones align with your situation.
Claims Process: Research the claims process of both American Modern and other insurance providers. Read reviews or ask for recommendations to gauge the efficiency and customer satisfaction of their claims handling.
Financial Stability: Assess the financial stability and reputation of the insurance providers you are considering. Look into their ratings with independent rating agencies such as A.M. Best or Standard & Poor’s to ensure they have a strong financial foundation.
Customer Service: Consider the customer service reputation of various providers. Look for reviews and feedback from policyholders to gauge satisfaction levels with a particular company’s customer service, responsiveness, and support.
Price: Compare the premiums offered by different providers for similar coverage options. Keep in mind that price should not be the sole determining factor.
It is crucial to balance cost with the level of coverage and the company’s overall reputation.
Conclusion
Determining the appropriate amount of motorcycle insurance coverage requires careful consideration of factors such as state requirements, asset protection, motorcycle value, personal injury protection, riding habits, and financial comfort. When comparing American Modern to other motorcycle insurance providers, it’s essential to evaluate coverage options, available discounts, claims processes, financial stability, customer service, and price.
By conducting thorough research and comparing different providers, you can make an informed decision about the best motorcycle insurance provider that meets your specific needs.
Tips for Choosing the Right Motorcycle Insurance Policy
Choosing the right motorcycle insurance policy is crucial to ensure that you have adequate protection and peace of mind while riding. Here are some tips to guide you in selecting the right policy for your needs:
1.
Assess your coverage needs: Evaluate your specific needs and determine the appropriate coverage types and limits. Consider factors such as the value of your motorcycle, riding habits, and personal financial situation.
This analysis will help you understand the coverage options that are essential for you. 2.
Compare coverage options and prices: Obtain quotes and compare the coverage options and prices from multiple insurance providers. Look at factors such as liability coverage limits, collision and comprehensive coverage availability, and any additional coverage options offered.
Compare the premiums offered by different providers for similar coverage levels to find the best value for your money. 3.
Check for discounts: Inquire about the discounts offered by insurance providers. Common discounts include multi-policy discounts, safe rider discounts, and multi-bike discounts.
Taking advantage of these discounts can help reduce your premiums and save you money. 4.
Research the insurance provider: Look into the reputation and financial stability of the insurance provider. Check their ratings with independent rating agencies and read customer reviews to ensure that the provider is reliable, responsive, and has a strong track record of customer satisfaction.
5. Understand the claims process: Familiarize yourself with the claims process of the insurance provider.
Look for reviews or ask for recommendations to gauge the efficiency and ease of the claims process. A provider with a streamlined and customer-friendly claims process can make a significant difference in your overall experience during a claim.
6. Consider customer service: Evaluate the customer service reputation of the insurance provider.
Timely and helpful customer service can make a difference when you have questions or need to make changes to your policy. Look for positive reviews or testimonials that speak to the provider’s commitment to excellent customer service.
7. Review policy exclusions and limitations: Read the policy documents carefully to understand any exclusions or limitations that may apply.
These can include restrictions on coverage for modifications to your motorcycle or specific conditions that may reduce or limit coverage in certain situations. 8.
Seek advice from an agent or broker: If you’re unsure about which policy is best for you, consider reaching out to an insurance agent or broker who specializes in motorcycle insurance. They can provide expert advice, help you understand your options, and assist in finding the right policy for your specific needs.
The Benefits of Bundling Motorcycle Insurance with Other Policies
Bundling motorcycle insurance with other policies can provide several benefits, including convenience and potential cost savings. Here are the advantages of bundling your motorcycle insurance with other policies:
1.
Simplified account management: Bundling your motorcycle insurance with other policies, such as auto or home insurance, consolidates your policies under one insurance provider. This simplifies account management by having a single point of contact and one policy renewal date.
2. Potential cost savings: Insurance providers often offer discounts for bundling multiple policies.
These discounts can help you save money when compared to purchasing individual policies from different providers. Bundling your policies can result in reduced premiums, making insurance more affordable overall.
3. Additional coverage options: Bundling your motorcycle insurance with other policies may provide you access to additional coverage options that are specific to multi-policy bundles.
This can include umbrella liability coverage, which extends liability limits beyond the motorcycle policy limits, providing additional protection against large liability claims. 4.
Increased loyalty benefits: Bundling policies with a single insurance provider can increase your loyalty status. Insurance companies often provide additional benefits to long-term policyholders, such as loyalty discounts, preferred renewal terms, or enhanced coverage options down the line.
5. Streamlined claims process: If you face a situation where you need to file a claim on multiple policies that are bundled, the process may be more streamlined.
With all policies in one place, it is easier to communicate and coordinate with your insurance provider, simplifying the claims process and potentially reducing any administrative hurdles that may arise. 6.
Comprehensive risk management: Bundling policies allows you to address your various insurance needs holistically. By consolidating your auto, home or renters, and motorcycle insurance with one provider, you can have a more comprehensive risk management approach that covers multiple aspects of your life, offering greater peace of mind.
Conclusion
Selecting the right motorcycle insurance policy involves assessing your coverage needs, comparing quotes and coverage options, researching insurance providers, and understanding the claims process. Additionally, bundling your motorcycle insurance with other policies offers the convenience of simplified account management, potential cost savings through discounts, access to additional coverage options, and streamlined claims processing.
By following these tips and considering the benefits of bundling, you can make an informed decision and find the motorcycle insurance policy that meets your needs and fits within your budget.
Your Legal Obligations as a Motorcycle Owner and Rider
As a motorcycle owner and rider, you have certain legal obligations that must be upheld to ensure your safety and the safety of others on the road. Understanding and adhering to these obligations is essential.
Here are the key legal obligations you must fulfill:
1. Motorcycle License: Before operating a motorcycle, you must obtain the appropriate motorcycle license or endorsement.
This typically requires passing a written test and a skills test. Check your state’s Department of Motor Vehicles (DMV) or equivalent agency for specific requirements.
2. Registration and Title: Every motorcycle must be registered with the appropriate government agency and display a valid license plate.
Additionally, you must ensure that your motorcycle’s title is updated and reflects your ownership. 3.
Insurance Requirements: Most states have mandatory minimum insurance requirements for motorcycles. These typically include liability coverage, which protects you financially if you cause injury or property damage to others.
Make sure you comply with your state’s insurance requirements and carry proof of insurance while riding. 4.
Safety Equipment: Many states have laws regarding safety equipment that must be worn while riding a motorcycle. This often includes a helmet, but may also include eye protection, reflective clothing, and/or protective gear for certain age groups or riding conditions.
Familiarize yourself with the specific laws in your state and ensure compliance. 5.
Traffic Laws: As a motorcycle rider, you must obey all traffic laws, including speed limits, traffic signals, and lane usage regulations. Failure to adhere to these laws can result in fines, penalties, or increased risk of accidents.
6. Right of Way: Understand and respect the right of way of other vehicles, pedestrians, and cyclists.
Yield when necessary, especially at intersections or when merging onto a roadway. 7.
Vehicle Maintenance and Inspections: Regularly inspect and maintain your motorcycle to ensure it is in proper working condition. This includes checking the brakes, tires, lights, and signals.
Failure to maintain your motorcycle may result in accidents or breakdowns that could have been prevented.
Protecting Your Motorcycle from Theft and Damage
Protecting your motorcycle from theft and damage is crucial to maintain its value and ensure its longevity. Employing preventive measures can significantly reduce the risk of theft and damage.
Here are some steps you can take to protect your motorcycle:
1. Secure Parking: Always park your motorcycle in a well-lit, secure area.
If possible, park it in a designated motorcycle parking area or in a locked garage. Avoid leaving your motorcycle unattended in public spaces for an extended period.
2. Use Locks and Alarms: Invest in high-quality locks and alarms to deter theft.
Utilize disc locks, U-locks, chain locks, or cable locks to secure your motorcycle to fixed objects. Alarms can sound loudly and draw attention to potential thieves.
3. Consider Tracking Devices: Install a GPS or other tracking device on your motorcycle.
In the event of theft, these devices can help locate your motorcycle and aid law enforcement in its recovery. 4.
Install Security Cameras: If you have a garage or a designated parking area, consider installing security cameras to monitor and deter theft attempts. 5.
Keep It Covered: Use a motorcycle cover to protect your bike from the elements and deter potential thieves. A cover can make your motorcycle less tempting and harder to steal.
6. Anti-Theft Markings: Engrave your vehicle identification number (VIN) on the motorcycle’s parts, such as the frame or engine.
This can help recover stolen parts or identify your motorcycle if it is disassembled. 7.
Insurance Coverage: Obtain comprehensive coverage with your motorcycle insurance policy. This coverage protects against theft, vandalism, and damage caused by accidents, weather, or other covered incidents.
8. Bike Awareness: Park your motorcycle strategically where it is visible to potential witnesses.
This can discourage thieves and make it easier for others to notice any suspicious activity. 9.
Be Mindful of Leaving Keys: Never leave your keys in the ignition, even for a short period. Additionally, avoid leaving your keys in places where they may be easily accessible to others.
Conclusion
Understanding and fulfilling your legal obligations as a motorcycle owner and rider is essential for both your safety and the safety of others on the road. Obtain the proper license, register and insure your motorcycle, comply with safety equipment requirements, follow traffic laws, and maintain your vehicle adequately.
Additionally, take preventive measures to protect your motorcycle from theft and damage. Secure parking, high-quality locks and alarms, tracking devices, security cameras, and insurance coverage can provide peace of mind and mitigate risk.
By being proactive and vigilant, you can enjoy your motorcycle while minimizing potential legal and security issues.
Choosing the Right Liability Coverage for Your Motorcycle Insurance Policy
When selecting a motorcycle insurance policy, it’s essential to carefully consider the amount of liability coverage you need. Liability coverage protects you financially if you cause an accident that results in injury or proper