Motorcycle Insurance
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Every state and province in North America requires some sort of motorcycle insurance coverage. Usually, a rider is only legally required to have liability coverage of an amount specified by the state or province. At the minimum, such a policy pays out when anyone else is injured by your motorcycle. Insurance policies may also cover passengers, as is additionally required in many states. In an effort to protect yourself from harm, one may also purchase additional collision and comprehensive and collision coverage that will pay to repair damage to your bike, usually minus a deductible that can be quite large. Uninsured driver coverage means you'll be protected even if you're injured by someone who doesn't carry any (or not enough) automotive or motorcycle insurance.
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It is useful to note that nearly all motorcycle insurance policies will pay out on your comprehensive claim only up to the “book” value of your bike. Should you have a nicer than average specimen of your chosen motorcycle, insurance coverage may be severely deficient, especially after a hefty deductible. Though motorcycle insurance is one of the few things that can't be bought and sold via motoyard.com and other online auction sites, there is plenty of discussion about every aspect of insuring motorcycles.
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There are several ways to keep your motorcycle insurance premiums down. For starters, many are able to get a significant discount (usually about 10%) by attending an approved motorcycle rider safety course. This may need to be repeated every few years to remain current, and varies by insurer. Also, motorcycle insurance is sometimes cheaper if you purchase it from the company you already have other policies with. Check out the forums on motoyard.com for lots of useful advice on motorcycle insurance from other motor-sport enthusiasts.
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