Is Motorcycle Insurance Worth It?

Riding a motorcycle can be a very fun and exciting experience and mode of transportation.  While motorcycles are often considered recreational vehicles, they are also valuable assets that need to be properly covered by insurance.  There are several reasons why having a motorcycle insurance policy is worth the cost.  

Ensure Legal Compliance

One of the main reasons why having motorcycle insurance is important and worth it is that it will ensure you are in compliance with the law. In New Jersey, all motorcycle operators are required to carry minimum levels of liability insurance. In New Jersey, you will be required to carry minimum liability coverage of at least $10,000 per incident for property damage and bodily injury coverage of at least $10,000 per person with a $20,000 per incident cap.  

Covers Your Asset

Another reason why you will want to have motorcycle insurance in place in New Jersey is that it will provide you with coverage for your asset. A motorcycle can be a very expensive purchase that you will want to make sure is properly covered. While collision and comprehensive insurance is not necessarily required by law, it will provide you with coverage in the event your motorcycle is damaged in an accident or is stolen or vandalized. If you have taken out a loan to buy the motorcycle, having insurance will likely be a requirement under your loan agreement. 

If you own a motorcycle in the Chester, NJ area or are considering buying one, meeting with The Insurance Outfit could be a great option.  The Insurance Outfit is a leading consumer insurance provider that can provide motorcycle insurance coverage to those in the Chester, NJ area.  The company will work with you to ensure you get the right motorcycle insurance policy for your situation.