If you own a custom motorcycle in Baraboo, WI, with significant custom parts, you must secure additional provisions to protect your investment adequately. A standard motorcycle policy usually doesn’t cover customization. So, how can you protect your beautiful new bike? The staff at Johnsen Insurance can help you determine specific coverage that will adequately protect your custom motorcycle.
Standard Motorcycle Insurance Only Covers Standard Parts
While motorcycle insurance substantially protects your two-wheeler, a standard policy typically only pays for factory-installed parts. If custom parts sustain damage, you may only receive a small percentage of the replacement cost. If you’ve invested significant money in custom upgrades, you should consider additional coverage in case your motorcycle is damaged in an accident. Without custom coverage, you could face substantial out-of-pocket costs.
Consider Your Modifications
Most insurance companies that issue standard motorcycle policies will also provide custom coverage. Before settling on a policy, determine the value of your customizations. Most policies will have an agreed value for these parts. Determining your bike’s worth beforehand allows you and your insurance company to be on the same page if the motorcycle is damaged in an incident. This provision gives you full replacement costs of customization regardless of wear and tear. Among the modifications commonly customized in a policy are horsepower, frame modifications, custom paint, and custom rims. The amount of custom parts coverage you can add to a policy varies by insurer and may be as high as $3,000. Your policy will also contain the usual parts like collision, comprehensive, liability, and uninsured/underinsured motorist coverage.
Learn more about customizing your motorcycle insurance by speaking with the staff at Johnsen Insurance, serving Baraboo, WI. Contact our office today to schedule your appointment.
