If you are a motorcycle owner it is critical to understand the coverage you have in place so that you are getting the most value from your policy. If you are unsure of the types of coverage you have in place and live in the Reno, NV area reach out to Hinman & Associates Insurance today. 

It is important to understand the amount of money you would get in the event your bike was destroyed. There are typically 3 different options

Actual Cash Value: Pays you the amount  your motorcycle was worth minus any depreciation 

Stated Amount: This would be the amount you would have chosen when you purchased the policy 

 Agreed to value: This is the option most classic motorcycle owners would choose and it is the amount agreed to by you and the insurance company when you purchased the policy.

As any motorcycle rider will tell you the coast of the equipment such as helmets, gloves, and boots can quickly add up. A motorcycle policy will help replace those items in the event that they are damaged. 

In the event an accident occurs within a certain amount of distance from our home, that forces you to stay at a hotel and eat out, your policy may cover part of these expenses. This is typically an extra coverage that will need to be added on to the basic coverage so be sure to ask your agent at Hinman & Associates Insurance whether your policy has the coverage. 

Another coverage option is lay-up coverage. If you do not use the bike during the winter months you can choose a lay-up policy that covers you for theft and other types of claims that could arise as a result of having your bike in storage for the winter months. It is important to remember that if you have this coverage, you should not ride your motorcycle during the winter because if there is an accident you will not be covered. 

If you have questions about your motorcycle policy please call Hinman & Associates Insurance today. We proudly serve the Reno, NV area.