Motorcycle Insurance

Contact us for a FREE quote!

Why Do I Need Motorcycle Insurance?

From custom projects to sport bikes and everything in between, most states require motorcycle insurance when the vehicle is being operated on public streets. Just like auto insurance, motorcycle insurance protects you, your property, and others in the event of an accident. Since motorcycle insurance is mandated in most states, you could get a fine, have your license revoked, suffer a court-ordered financial judgement that you can’t afford, or even land in jail if you aren’t properly insured.

What Else Do I Need to Know About Motorcycle Insurance?

One of the most important things to understand about your motorcycle policy is how it pays out for you if your bike is destroyed or stolen. There are three types of settlements:

  • Actual cash value: Pays out the cash value of what your bike is worth, minus depreciation and your deductible.
  • Stated amount: Pays the amount you selected when you bought the policy.
  • Agreed value: Pays the amount you and the insurance company agreed on when you bought the policy. The amount remains fixed, and no deductible is taken from a claim check. Owners of custom or classic bikes are generally offered agreed value or stated amount coverage.

Contact the Pandora Team to navigate your Motorcycle Insurance needs!

Interested in learning more? Contact us today!

Scroll to Top