Saturday, July 7, 2007
Motorcycle Insurance
Trying to find motorcycle insurance with the right level of cover and at a price you can afford can become frustrating and time consuming.
There are so many motorcycle insurance companies out there with quite a significant range of prices for what can prove to be essentially a similar package.
The first thing you need to decide is what type of motorcycle insurance policy you are interested in and obviously your final decision will most probably be based on cost.
The most basic motorcycle insurance you can get is Bodily Injury & Property Damage Liability. This level of motorcycle insurance is a legal requirement and covers your legal liability for third party damage and bodily injury in the event of an accident. It will not cover the cost of repair of your own motorcycle.
If you want motorcycle insurance that will cover the cost of repair to your motorcycle if in an accident and pay you for the cost of replacing your motorcycle in the event of fire or theft then you need to take out a Comprehensive Motorcycle Insurance Policy.
You can take out Uninsured Motorcycle Insurance which will cover you for the cost of medical care and loss of earnings in the event of being hit by an uninsured driver. Uninsured insurance will also cover the repair costs for your motorcycle up to your insured limit in the event of being hit by someone who is not insured.
Its advisable to make sure that you include medical payments in your motorcycle insurance policy which will usually cover you in the event of a motorcycle accident regardless of who is at fault. Medical payments insurance only tend to kick in at the point when you have no other medical cover.
Comprehensive motorcycle insurance will normally cover some of the cost of custom parts but not necessarily all the cost. It is advisable to check this before taking out motorcycle insurance and if your level of customisation is not covered take out further Custom Parts Motorcycle Insurance.
The cost of your motorcycle insurance will vary from company to company and depend on such things as your age, the length of time you have been riding a motorcycle and whether or not you have had any previous accidents or claims. You will generally be able to influence the cost of your motorcycle insurance to some degree according to the level of deductibles you choose. The higher the deductibles the lower the cost of your motorcycle insurance.
It is definitely a good idea to shop around with quite significant savings being obtained if you select the right insurance company. Save yourself some time by doing a lot of the work on the internet, it will be quicker and easier to compare polices and most motorcycle insurance companies tend to offer online discounts.
Three Things That Can Affect Your Home Insurance Quote
Whether you're buying a new home or just thinking about switching insurance companies, there are several things you can do which can help in lowering your homeowner insurance costs.
While shopping for a home insurance quote, the company you choose to go with is important ... but the discounts offered are where the rubber meets the road. You need to qualify for as many discounts as you can and they may or may not be the same with each insurer. Here are 3 specific discounts that anybody can qualify for.
Install Home Safety Devices
If your home is adequately protected from fire, theft and natural disasters, you are less likely to file a claim. In order to help you better protect your property, insurance companies offer discounts for home security devices such as burglar alarms, smoke detectors, and deadbolt locks. While these may seem like simple, mundane things, they can greatly affect the cost of your insurance premium.
Although your insurance company can give you a discount in your home insurance quote for having smoke alarms, YOU will have to be the one to monitor the smoke alarms and make sure they have working batteries. Many local TV stations, in conjunction with the fire department, will remind viewers to change the batteries in their smoke alarms when they set their clocks forward or backward due to Daylight Savings Time. So don't think about it ... just do it!
Insure Your Autos With the Same Company
Most insurance companies will give you reduced rates if you have several policies with them. The most common combination is having your auto and home owner insurance together. Take a few extra minutes and get an auto insurance quote at the same time you get your home insurance quote. The savings can be as much as 15% or more. Some insurers will give discounts if you have your life insurance policy with them too.
Avoid Filing Smaller Claims
Many people think that since they have to pay for insurance, they should be able to use it as much as they want. Unfortunately, insurance companies don't look at things that way. If they feel you have filed too many claims, they may offer you a renewal with an increased deductible, an increase in your rate, or they may not even renew your policy.
Since you should only submit claims for the larger unavoidable losses anyway, you might want to go ahead and increase your deductible and save some on your home insurance quote. Just be sure to bank the saved premiums to use towards those small losses or to cover your deductible should you need to file a claim.
