Insurance coverage does not have to be continuous in nature or even last for months at a time. With temporary motorcycle insurance you can choose the length of your coverage even if it is only for a few days.
What is Temporary Motorcycle Insurance?
Short term motorcycle insurance or “pay as you go insurance” as it is sometimes called, is insurance that is designed to cover a very short time frame which may be as little as one day up to three months depending on the length that you choose. You only pay for the days that you need the insurance to cover your motorcycle.
How Does This Policy Work?
A short period motorcycle insurance works in a similar fashion to permanent versions. The only difference is that this form of insurance runs out either at a pre-designated time or when you stop paying. As with standard insurance, you’ll get a notification for renewal to continue the policy or you may have it automatically renewed. However, in most cases you can end the insurance whenever you desire by stopping the payments.
The length of the policy can be set in advance if you know just how long it will be needed or it can be set up in increments that will provide longer coverage periods.
For example, if you are spending the weekend at a location where you are going to rent a motorcycle, you can obtain short term bike insurance for as little as one day if you so desire. However, many policies will last upwards of three days to a week or more depending on your needs.
Is Your Bike Eligible for this Type of Coverage?
Although all motorcycles are eligible for this type of insurance, the most common types are touring bikes that are used for traveling around the city or countryside. This is because the most common use of this type of insurance is for travelers who want extra coverage while on their trip. If an accident occurs when vacationing it can put a real dent in your pocketbook. So, having this type of insurance provides the coverage you need without having to dip into your vacation money.
This is important…
For the most part, drivers who are 21 years old or older qualify for this type of insurance to cover all types of motorcycles. Those who are 19 years of old may qualify for this form of insurance which covers up to a medium-size motorcycle. You will need to check with the insurance company to see their age requirements and the types of bikes that may not be included in their coverage.
Click here now to get the list of non-obligated pre-approved plans.
Who Should Get Short Term Bike Insurance?
There are a number of reasons why you should consider short term motorcycle insurance, especially if you are planning to own or rent a motorcycle for a brief period of time.
Vacations: This is arguably the most common reason as there is temporary motorcycle insurance for tourists. You can usually purchase this on the spot when you rent a motorcycle or plan in advance for coverage if you know the required details so that the insurance is ready to go when you arrive.
Going with liability only for example may save you a considerable amount of money, but it will be less effective than comprehensive.
Also remember that you can save money if you choose a higher deductible for your policy. Read the determining factors for motorcycle insurance premium, so you learn how to lower the rate.
Plus, you can have coverage for accessories such as your baggage or needed items and roadside assistance which can be of great help if your motorcycle should break down.
New Purchase: You have just purchased a motorcycle and are unsure of which company you want to get permanent coverage. Purchasing a temporary policy means that you can have more time to research which is the right company for you while having the appropriate coverage. We’re offering free online quotes for your bike. Shop by us and save on premium.
Lending: Whether someone is lending you their motorcycle or you are lending someone your motorcycle, purchasing temporary coverage can ensure that if something happens to the bike it is properly covered. This will help alleviate some of the concern about lending or driving someone else’s motorcycle.
Requirements, Costs and Types of Coverage:
You will need the appropriate documents that demonstrate your age plus driver’s license in order to be eligible for the different types of temporary insurance that is available. Each insurance company does have its own set of requirements, so be sure to check with them so that you have everything in order.
You will need to choose the right type of coverage in order to get the best suitable rate according to your demand.
Comprehensive: This is total insurance that provides the maximum amount of coverage. This means that even if you caused the accident, the insurance will pay for the damage to the bike. You can expect the premium rates to be the highest for this form of insurance, but you can lower it somewhat by taking a higher deductible.
Liability and Uninsured: This is the lowest form of required insurance for vehicles. This will cover the other vehicle if you should be the cause of the accident and if the other driver has no insurance, then you are covered as well. The premium rates for this type of insurance policy is considerably lower than comprehensive, but it does not offer the complete type of coverage.
Theft, Fire and Vandalism: An often overlooked form of insurance, this can really be helpful if you are keeping the motorcycle for more than a single day. The good news is that adding this to your insurance coverage is usually minimal in terms of premiums because of the chances that one of these events will occur. However, there may be requirements such as a safe storage site for the bike that will need to be taken into account, so check with your insurance company.
If you are looking for temporary motorcycle insurance, for example, 6 months or even a day, then check out the free quotes that you can find on this website. WE offer the best terms for limited period bike insurance that can get you on the road quick.