The basics of motorcycle insurance.

Whether you are a recreational motorcyclist or a serious cross-country motorcyclist, it’s important to have the right insurance cover which meets your needs in order to protect yourself while on the road. Most states require motorcyclists to have basic liability insurance but due to the risks associated with riding a motorcycle, it is important to purchase more than just basic liability insurance.

The basics of motorcycle insurance include:

1. Liability coverage

Naturally, this cover includes protection of damage property and bodily injury to the motorist. It ensures you do not pay injury and repair bills for you and others. Despite the fact that It’s not the best option, it’s required.

2. Comprehensive and collision

While liability coverage shields another person’s expenses, collision coverage pays the bills in case of an accident. This policy pays for repair of your bike, riding apparel, helmets etc.

Collision coverage pays for damages to your bike in case of an accident while a comprehensive policy protects your motorcycle in case of theft, fire or vandalism. It comes in when it’s a non-collision incident an example being theft of your motorcycle.

With motorcycle insurance, it is possible to get special coverage which includes:

  1. Personal injury protection which includes physical therapy, psychiatric visits, and other costs regardless of whether you were at fault or not.
  2. Medical payments which cover expenses related to an accident
  3. Replacement value which covers the replacement cost of the motorcycle. It’s considered the original value less depreciation. If you have added any special features to your bike, you should consider upgrading your cover to replacement coverage so that it is not undervalued in case of theft or damages.
  4. Uninsured//underinsured motorist which will protect you in case of an accident with a person who has insufficient insurance cover for damages
  5. Trip interruption which covers any costs or expenses in case your bike breaks down when you’re far from your home until your bike is up and running
  6. Accessory custom parts equipment which will protect your bike against any additional unique parts which you purchased for your bike.

If you are a motorcycle enthusiast looking for coverage, visit us today at NE Arkansas, GTW Insurance for an array of motorcycle insurance coverage. Our team of professionals understand the importance of this cover and know exactly you need.

What to Look for in Renters Insurance

Renters can have a lot of personal property in their homes in NE Arkansas, and it’s necessary to get the proper coverage for those belongings. Many renters are under the assumption that insurance from their landlord will cover personal belongings, but that is not the case. In order to protect belongings and personal items, it’s necessary to have a renters insurance policy that adequately covers everything.

The main thing to look for in a renters insurance policy is adequate coverage for any personal property. This includes anything inside the home, which can be furniture, clothes, and your TV. Keep in mind that anything valuable, like jewelry or expensive art, will need a separate part of the policy. Also be mindful of any limits for expensive property. In order to determine how much coverage you need, do a complete inventory of your possessions. Having this inventory list will be helpful in the event that you need to file a claim. It’s important to note what isn’t covered as well. Policies won’t cover belongings if there is damage by floods, and you will need to purchase separate polices to cover these events. Ask an agent at GTW Insurance to explain what is covered and what is not.

Pay attention to the different coverage types and if it’s for full replacement or actual cash value. Actual cash value will take into account depreciation, so you won’t get as much money for your items, but your premiums are lower.

The second important thing to look for is proper liability coverage. This will protect you if you are sued because someone is injured on your rental property. Many times, people don’t get renters insurance because they think nothing like that will happen to them, but accidents do happen.

Contact GTW Insurance, serving NE Arkansas, for a quote on renters insurance.