Tag: motorcycle

Regular motorcycle insurance doesn’t usually include transport coverage. This omission could cost you tens of thousands of dollars if you have your bike transported to another city or state and the bike is stolen, damaged, or destroyed en route. 

What Types of Insurance can Cover a Motorcycle During Transportation?

Carrier liability insurance offers basic coverage, and most reputable carriers in and around Memphis, TN, offer it to potential customers. Coverage limits can be as high as $250,000, and the policy covers any damage covered by a carrier’s mistakes. However, carrier liability insurance often doesn’t cover theft, weather events, or damage that’s not the carrier’s fault (i.e., a drunk driver crashes his truck into your carrier’s truck). 

Cargo insurance, on the other hand, offers comprehensive coverage that includes theft, accidents (no matter who’s to blame), and even total loss. What’s more, if your motorcycle is damaged during transport, you can claim compensation for new, original replacement parts. 

You may also want to consider personal or supplement insurance coverage. This can make up for any gaps in coverage to ensure your motorcycle is fully covered while it’s being moved to a new location. 

Get Personalized Help and Advice from Anthony Lancaster Insurance Inc.

Having the right forms of insurance before moving your luxury motorcycle can spell the difference between full compensation and total loss after an unfortunate incident. If you’re not sure that you have enough protection or want to buy additional insurance coverage, our team at Anthony Lancaster Insurance Inc. would be happy to help you out. We serve customers in and around Memphis, TN and are always happy to answer questions, give personalized advice, and provide policy quotes.

Did you know there are significant differences between motorcycle insurance policies? No two coverages are exactly the same. Below is an overview of the available coverage options.

Motorcycle Collision Coverage

Most motorcycle insurance policies include collision coverage, which provides protection in the event of a collision with another vehicle or motorcycle. If the bike cannot be repaired after the collision, the insurer will assess the motorcycle’s value and compensate the policyholder, minus the deductible.

Liability Coverage

Liability coverage is a standard component of motorcycle insurance policies. This coverage applies when an injury occurs or when damage is caused to someone else’s property, up to the limits of the policy. However, liability coverage does not cover damage to the motorcycle itself.

Medical Payments Coverage

Medical payments coverage, if available, helps pay for medical bills following an accident, up to the policy’s limit. For more information about this coverage, contact Anthony Lancaster Insurance Inc. in Memphis, TN.

Comprehensive Coverage

Comprehensive coverage protects against the loss of a motorcycle due to causes other than a collision. Depending on the policy, this coverage may include protection against theft, vandalism, fire, and other non-collision-related incidents.

Underinsured/Uninsured Motorist Coverage

Underinsured and uninsured motorist coverage, often referred to as UIM and UM coverage, provides protection if you are involved in an accident with a driver who either lacks insurance or has insufficient coverage. This type of coverage typically applies when the other driver is at fault and may cover property damage, medical expenses, lost wages, and more.

Get Your Quote Today

If you are looking for motorcycle insurance in Memphis, TN, contact Anthony Lancaster Insurance Inc. at 901-754-3331. Our team will provide personalized coverage information and a customized quote tailored to your needs.