Owning a motorcycle can be fun as well as economical. As you get ready to enjoy the open road on your bike, don’t forget about the importance of motorcycle insurance. At Voi Insurance Solutions LLC, serving Glendale, CA, we love to take the opportunity to educate our clients and future clients on these important insurance topics. Keep reading to learn the top 3 things you should know about motorcycle insurance.
It Is Required By Law In Most States
One of the main reasons you need to consider purchasing motorcycle insurance is because it is required by law in most states to carry at least liability coverage. The reason for this is because by its very nature a motorcycle is a more dangerous vehicle. The risk factor of you getting injured or you causing an injury to another is greatly increased when driving a motorcycle. Driving without insurance could mean legal problems for you.
It Will Save You Money
Because the risk factors of driving a motorcycle are slightly higher than that of a regular vehicle, you want your finances protected in the event of an accident. Without insurance, you will be held responsible for expenses incurred by others’ injuries, the expenses for your own injuries as well as repair or replacement of your motorcycle. When these expenses add up, it can leave you vulnerable financially. Insurance is there to protect you against this happening.
If You Finance Your Motorcycle Is May Be Required
For those who are financing their bike, you will learn that in most cases motorcycle insurance is required by whoever holds the loan. This is to ensure that if the bike is totaled, the lender will still get their money.
If you would like to learn more about motorcycle insurance, please contact our staff at Voi Insurance Solutions LLC, serving Glendale, CA today.