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Personal Lines - Marine, Boat & RV
Insurance |
Armor Assurance
Group can provide you with coverage for all of your recreational vehicles including boats,
motorcycles, campers and trailers. Give an Armor Assurance Group representative a
call for answers to your RV insurance needs.
Personal Watercraft
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Your home and auto insurance
policies may provide limited coverage for small watercraft such as
jet skis, canoes and
small boats with less than 25 hp engines. Talk to your Armor Assurance Group
representative about coverage limits. However, you may want to consider purchasing a
personal watercraft policy to protect you and your water vehicle in the event of an
accident or theft.
The personal watercraft policy covers:
- bodily injury
- property damage
- guest passenger liability
- medical payments
- theft
Liability limits start at $15,000 and can be increased to $300,000.
Typical policies include deductibles of $250 for property damage, $500 for theft and
$1,000 for medical payments.
Additional coverage can also be purchased for trailers and other accessories.
Call an Armor Assurance Group representative about the type of coverage that would best
suit your needs |
Motorcycle Insurance
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Choosing the right insurance
policy is much like choosing the right bike. You want it to fit your needs and lifestyle,
but at the same time be within your budget. Although most states require you to carry a
minimum amount of liability coverage, other types of coverage are usually optional. Always
ask your insurance representative about which laws apply in your state.
The key to finding which coverage is best for you involves learning about all the options
available.
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Liability
coverage
Liability insurance covers bodily
injury and property damage that you may cause to other people involved in an accident. It
doesn't cover you or your motorcycle. Find out if your coverage includes Guest Passenger
Liability, which provides protection in the event that a passenger is injured on the
motorcycle. Whether or not this is included depends on the laws of your state and the
company issuing the policy.
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Collision
coverage
Collision insurance covers damage
to your motorcycle if you are involved in an accident. Your insurance company pays for
damages, minus your deductible, caused when you collide with another vehicle or object.
Collision insurance usually covers the book value of the motorcycle before the loss
occurred.
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Comprehensive
coverage
Comprehensive coverage pays for
damages caused by an event other than a collision, such as fire, theft or vandalism.
However, just like collision coverage, your insurance company will pay for damages, minus
your deductible, and cover only the book value of the motorcycle.
Keep in mind most comprehensive and collision coverages will only cover the factory
standard parts on your bike. If you decide to add on any additional optional accessories
such as chrome parts, a custom paint job, trailers or sidecars, you need to look into
obtaining additional equipment coverage.
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Uninsured
motorist coverage
Uninsured motorist coverage pays
for medical treatment, lost wages and other damages if a driver who has no insurance hits
you. If your uninsured motorist coverage includes property damage, then your cycle would
also be covered under the same circumstances. Check with your insurance professional to
see if property damage is included or needs to be purchased separately.
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Underinsured
Motorist Coverage
Underinsured motorist coverage is
similar to uninsured motorist coverage, except it applies when the other party has lower
coverage limits than you do and damages exceed the other party's limits.
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Tips
for the cost-conscious rider
Many factors can play a role in determining what your insurance
costs will be, such as being a graduate of a rider-training course, your age, your driving
record, where you live and the type of motorcycle you own.
- Many companies offer discounts from 10 to 15 percent on motorcycle insurance for
graduates of training courses, such as the Motorcycle Safety Foundation (MSF) rider
course. Riders under the age of 25, usually considered a higher risk, may see some savings
by taking this course. It’s also a good idea for cyclists who have already had
accidents.
- Maintaining a good driving record with no violations will also help reduce your
premiums.
- In many northern states, riders may save money by buying a "lay-up" policy.
With a lay-up policy, all coverage except comprehensive is suspended during winter months.
- Find out what discounts your insurance representative offers. Multibike discounts for
those insuring more than one bike; organization discounts, if you’re a member of a
motorcycle association; and mature rider discounts for experienced riders, are just a few
possibilities. Discounts can range anywhere from 10% to 20%, depending on the company and
your state. Availability and qualifications for discounts vary from company to company and
state to state.
- Keep in mind that the type, style (such as a sports bike vs. a cruiser), age of the
motorcycle, number of miles you drive a year and where you store your bike may also affect
how much you pay for your premium.
Call Armor Assurance Group for your motorcycle coverage needs!
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| Some Information on this page is
used by permission of the Insurance Information Institute, Inc. - ALL RIGHTS RESERVED - |
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