motorcycle insurance

Customizing Your Policy for a High-End Bike

Posted on by AgentInsure

All motorcycles are not created equal. While your neighbor may have an entry-level bike, you own a customized hog with every bell and whistle imaginable. A standard motorcycle insurance policy won’t adequately protect your bike in Woodstock, GA, or wherever your adventures take you. The agents at Peter Laczko Insurance Inc. can guide you on how to insure your two-wheeled beauty properly.

Determine Your Bike’s Value

Before discussing a motorcycle insurance policy, it’s important to determine your bike’s value. Start by consulting your motorcycle dealer or the shop that installed your customized parts. These professionals can provide a fair market value for your bike. Alternatively, you can have your bike appraised or submit receipts for customizations to your prospective insurer. Once you have an accurate figure, you can negotiate a fair level of coverage to protect your investment. If your bike has extensive modifications, you’ll need custom motorcycle insurance. However, for minor additions like saddlebags, a regular motorcycle policy may suffice.

Insurance Policy Considerations

If your bike has minimal customization, you can often purchase add-on coverage for custom parts and equipment (CPE). This provision covers the higher costs associated with custom parts and labor if your motorcycle sustains damage. For custom-built motorcycles with rebuilt frames, engine modifications, or other significant changes, you’ll need a stated-value policy. With this type of coverage, you and the insurance company agree on the motorcycle’s value when you purchase the policy. If the bike is damaged or totaled, the insurer will pay the agreed-upon amount. Stated-value policies are also common for show motorcycles.

Protect your investment in a high-end motorcycle. Contact the professionals at Peter Laczko Insurance Inc., serving Woodstock, GA, to get started on your custom policy today.

Key Considerations Before Buying a Motorcycle

Posted on by AgentInsure

Motorcycle Ownership: Understanding the Commitment and Insurance Needs

If you’re considering buying a motorcycle, doing your homework first is crucial. Owning a motorbike is a big commitment and could substantially impact your financial health, among other things. Besides paying for the bike itself, you may need to pay for driving lessons, safety gear, motorcycle insurance, and more. Folks living in or near Woodstock, GA and considering getting a motorcycle should contact Peter Laczko Insurance Inc. We can help you select motorcycle insurance plans and assist with other concerns.

What You Need to Know About Motorcycle Ownership

Owning a motorcycle is a major commitment, financially speaking. The bike itself could cost tens of thousands of dollars. Once you get a bike, you shouldn’t simply hit the road. First, you’ll need to make sure you have the proper license to operate it legally. You’ll also need to pick up crucial safety gear, including helmets, riding jackets, gloves, and other things. High-quality safety gear can cost hundreds of dollars, but helmets and the like save lives.

Operating motorcycles in inclement weather can be especially dangerous. Ice on the road is a threat to cars and trucks, and it’s an even graver threat, in some ways, to motorcycle riders. While modern motorcycles are packed with safety features, they don’t offer as much protection as a car. For example, there’s no feasible way to set up airbags and traditional seat belts. It’s also smart to own a vehicle you can use when the weather isn’t suitable for riding your bike.

The Importance of Motorcycle Insurance in Georgia

Motorcycle insurance is also crucial. What’s covered will vary from plan to plan. However, the right insurance policies will assist with medical bills, property damage, and more. Some policies will also cover theft, weather events, and other risks. If you need help selecting motorcycle insurance, contact Peter Laczko Insurance Inc., which serves Woodstock, GA, and other communities.