• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Home | Contact Us | Call Us Call Us 1.800.503.0590
Altima Auto Insurance
English English
Spanish Español
  • Home
  • About Us
    • Why Choose Us
    • Testimonials
  • Get A Quote
  • Personal
    • Automobile
    • Condominium
    • Homeowners
    • Motorcycle
    • Renters
  • Business
    • Commercial Vehicles
    • Business Owners Policy
  • Make A Payment
  • Locations
  • Blog
Auto Insurance AUTOMOBILE
Homeowners Insurance HOMEOWNERS
Apartment/Renters Insurance APARTMENT / RENTERS
Motorcycle Insurance MOTORCYCLE
Business Insurance COMMERCIAL
Surety Bonds SURETY BONDS
Home > Blog > Your Motorcycle Insurance Deductible Responsibilities
THURSDAY, MARCH 14, 2019

Your Motorcycle Insurance Deductible Responsibilities

Most motorcycle insurance policies won’t pay 100 percent of your damage costs. Instead, you will pay a deductible for damage yourself. Then, your policy will step in. However, deductibles are fluid items, and they vary from policy to policy. So, when getting coverage, you should know how to choose deductible limits that suit you and your bike. Where can you use a deductible? How can you maximize savings with it?

Many people want to pay as low a deductible as possible for their bike damage. However, this is not always the best course of action.

The Way Deductibles WorkWoman wearing a black motorcycle helmet giving a thumbs up

Take a look at your bike’s collision insurance. It might state that it will pay for your bike’s repairs or

 replacement minus a chosen deductible cost.

So, if you make a collision claim, you will have to pay the deductible. After that, your policy will cover the rest of the claim, as long as it doesn’t exceed the policy’s limits. It is common for different policy sections to have different deductibles throughout.

Here’s an example. You have a bike wreck that causes $3,000 in damage. Your policy contains a $1,000 deductible. You will pay the $1,000 deductible up front. Afterwards, your policy will pay the $2,000 in remaining costs. In essence, the insurance and the policyholder will share costs of damage.

In certain cases, certain policy elements will not have a deductible attached. Liability coverage, for example, often is deductible-free. So, if you are at-fault for a wreck that causes someone $25,000 in vehicle damage, your policy will pay the full $25,000 in restitution to the third party. Keep in mind, some policies will still institute liability deductibles. Therefore, talk to your insurance agent about your personal coverage options.

Savings Through Deductibles

Sometimes, choosing a higher deductible can reduce your motorcycle insurance premium. By taking on more of a claim’s cost for yourself, you take away some of the risk from the insurance company. They won’t have to pay out as much in the event of a claim. As a result, they might be able to charge you a lower premium.

Keep in mind if your take too high a deductible, then you might put your own savings at risk if you file a claim. Therefore, work with your insurance agent to determine the right course of action. They can help you find the best balance of deductible and coverage affordability.

Don't hesitate to get a quote on a personalized Fort Worth motorcycle insurance policy right now, or to speak with an agent Call Now!

Posted 11:42 PM

Tags: insurance, motorcycle insurance,
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018

  • insurance(15)
  • homeowners insurance(6)
  • auto insurance(5)
  • renters insurance(2)
  • commercial insurance(2)
  • home insurance(2)
  • motorcycle insurance(2)
  • car accident(1)
  • house fire insurance(1)
  • bonds(1)
  • property insurance(1)
  • disability(1)
  • texas(1)
  • protect your investment(1)
  • file a claim(1)
  • auto collision(1)
  • car crash(1)
  • surety bonding(1)
  • general liability(1)
  • fort worth(1)
  • protect employees(1)
  • coverage(1)
  • workers(1)
  • renters possessions insurance(1)
  • car insurance(1)
  • business insurance(1)
  • workers compensation(1)
  • trees(1)
  • surety bond(1)
  • compensation(1)

View Mobile Version
Facebook
Twitter
YouTube
Kemper
Empower Insurance
ACCC
Infinity
Progressive
Dairyland Insurance
United Automobile
Facebook Logo

Resources

Home About Us Careers Get a Quote Make A Payment Contact Us

Our Locations

Arlington Dallas South Fort Worth Haltom City River Oaks Garland Irving Duncanville

Hours of Operations

Mon - Fri  9:00 am - 6:00 pm Saturdays  10:00 am - 5:00 pm Sundays  Closed
© Altima Auto Insurance 2009-2016. All rights reserved.