Milwaukee motorcycle insurance guarantees the best protection for yourself, your motorcycle and the people around you when you are on the road. But what about your bike accessories? Are they currently being covered by your motorcycle insurance policy?
Personalizing a motorcycle is almost am innate ritual for any motorbike enthusiast. You want your ride to genuinely reflect your personality, so looking for the best complements to highlight its beauty and design until it becomes an extension of yourself is one of the favorite activities you can share with your precious 2-wheel vehicle.
Still, Milwaukee motorcycle insurance companies consider your bike`s accessories separate from the motorcycle itself and, as a result, insure them separately. So in the event of a claim, accessory coverage is all that will be used to pay for them.
Most insurance companies will include a certain amount of motorcycle accessory coverage with the base policy amount, but as you can imagine, surpassing that number can be very easy. That is why Milwaukee motorcycle insurance agents always advice motorcycle owners to fully understand how much accessory coverage they need and to make sure their policy reflects the correct amount.
To start with, each insurance company may have a different view on what a motorcycle accessory is, but a general definition is anything that was not on the bike when it left the factory and that changes the appearance or performance of the motorcycle.
Motorcycle accessories can range from additions that can customize and glamorize your bike such as custom paint, custom chrome and GPS, to safety enhancement complements like safety guards, helmets, googles, leather or heavy-material pants and jackets and strong ankle-high boots.
And then there are motorcycle accessories that allow the transportation of a passenger or extra luggage. Saddle bags, trailers, side cars and even passenger seats are all included in this category.
When it comes to buying accessory insurance, it’s important to find out what was stock on your motorcycle. “Don’t assume that just because something was on your bike at the time of purchase, it is a stock item. The best bet is to find out the manufacturers specifications so you won’t be unpleasantly surprised afterwards”, says Timberly Grove, a Milwaukee motorcycle insurance agent specialized in motorcycle, boat and ATVs insurance.
It is also very important to make an inventory and assign value to your motorcycle’s accessories. Don’t include any labor applied to them, just the cost to purchase the item. “Once you have it all, add it up. If you find that the value of accessories is greater than 50 percent of the value of your bike you may want to ask your Milwaukee motorcycle insurance agent about other types of agreements or settlements that can work both for you the insured, and the insurer”, adds Grove.
Now that you have the total value for accessories on your bike, compare it with the amount listed on your current motorcycle policy. If the accessory value is higher, contact your insurance provider to add accessory coverage. “The cost to increase your accessory coverage is minimal compared to the cost to eventually replace those accessories”, concludes Grove.
And finally, don’t forget to include any new accessory into your coverage, so you can have a pleasant and worry-free ride with your beloved motor friend.