4 Things to Know About Motorcycle Insurance

Do you own a motorcycle? Our Neff & Associates Insurance Services Inc team has put together this quick guide about this type of coverage for drivers near Pismo Beach, CA. Here are four things to know about motorcycle insurance.

#1: Liability Insurance for Your Motorcycle is Required by Law

Similar to the requirements for a car, liability coverage for motorcycles is mandatory by law. The minimum coverage to stay legal $15,000 for each person injured in an accident, up to $30,000 per accident, and an additional $5,000 for property damage. If this sounds a little low, it really is. In fact, most agents advise their clients to boost this number up to a little higher figure for added protection.

#2: Comprehensive and Collision Coverage Are Still Optional

Another similarity between car insurance and motorcycle insurance is that comprehensive and collision coverage are still optional. But this doesn’t mean you should skip them! These policy options pay for any damage to your bike thanks to a collision with another object, theft, fire, or an act of nature. Plus, if you currently have a loan on your motorcycle, your lender might require you carry them.

#3: Don’t Forget About Medical Coverage

One more optional coverage to consider for your motorcycle insurance policy is medical payments. This portion of your policy helps handle any costs associated with hospital or doctor bills if you’re injured in a motorcycle accident. If the wreck is serious enough, it could also pay out a small death benefit to your family.

#4: Uninsured and Underinsured Drivers Are a Huge Problem in California

Sadly, thousands of California drivers are either uninsured or don’t have enough coverage if they’re involved in a serious accident. This means that if you’re seriously injured and it is someone else’s fault, your medical bills might not be covered. Having uninsured and underinsured coverage on your motorcycle insurance policy helps minimize this risk.

At Neff & Associates Insurance Services Inc, we are proud to help motorcycle owners around Pismo Beach, CA with all of their insurance needs. Please contact us today to schedule an appointment.

 

Do I Need Renters Insurance for a Short-term Rental?

Similar to homeowners, renter’s insurance protects you (the renter) in situations related to short-term leases. When you purchase a renters insurance policy in Pismo Beach, CA with the help of Neff & Associates Insurance Services Inc, you will be protected from any type of lawsuit or other legal action against you. This policy also typically covers any damages to the rental unit and your personal property. Similar to a homeowner, you need to reference the details of your policy and speak to the insurance provider to make sure you fully understand your coverage.

Getting the Coverage You Need

One of the most important factors you have to consider when purchasing short term rental insurance is the amount of coverage you actually need. For example, do you need a minimal amount of coverage, due to having minimal belonging and a low risk of issues? Or, would you feel more comfortable with a higher coverage amount? These are factors you should discuss with a reputable insurance agent as they can provide you with insight on how big or small of a policy you should purchase.

The Dangers of Subpar or No Coverage

If you don’t have enough coverage, then it may cost you in the long run. Take the time to get to know some of the options, along with the associated costs. This will help you determine the type and size of policy that you need. Be sure to be well-informed and ask your insurance agent plenty of questions.

If you need to purchase short-term renters insurance in Pismo Beach, CA, be sure to contact the professional team from Neff & Associates Insurance Services Inc to get started with the process of making this purchase right away.