Riding your motorcycle carefully and wearing the proper safety gear are important measures to protect yourself. But, they’re not the only protection you need. Motorcycle insurance can protect you legally and financially if you suffer a loss or are liable for damages due to an accident involving your motorcycle.
Benefits of Motorcycle Insurance
Covers costs due to property damage or bodily injury to another person.
Helps pay for medical expenses you incur as a result of a motorcycle accident.
Provides protection against expenses caused by another individual who is either uninsured or underinsured.
Protects your motorcycle in the event of collision, fire, theft, vandalism, and glass breakage.
Features of Motorcycle Insurance
Premiums based on where you live and how much you drive.
Discounts for maintaining a good driving record or owning multiple policies with the same insurer.
Coverage for collision, fire, theft, liability, and uninsured or underinsured motorist.
Ability to extend coverage to other individuals while they are driving your motorcycle with your permission.
Option to reduce your out-of-pocket premium by increasing your deductible.
Policies must be renewed annually.
Elements to Consider
Premiums may increase if you are a younger, inexperienced driver, or if you live in a high-risk area.
Premiums may increase if you have a poor driving record or a history of accidents.
All products contained within this Web site may not be offered at a Wachovia branch.
Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate