Components of Motorcycle Insurance

Each state has requirements for motorcycle insurance coverage. North Carolina has specific requirements and components of motorcycle insurance for the state. Brevard, NC as well as the rest of the state requires the purchase of liability insurance by motorcycle owners. This includes owners of motor scooters. Proof of this insurance is required by carrying a valid insurance card with you.

The state also has a "Miscellaneous type vehicle endorsement". This means that it can be attached to your personal auto insurance. Using this endorsement then extends to cover your motorcycle as well

Motorcycle Insurance Components 

Liability Insurance

Required by North Carolina law, it covers bodily injury and property damage to the owner and anyone they give permission to drive the covered vehicle or vehicles. So if you give permission for a friend, and your car is covered by liability that extends to your motorcycle, liability covers it according to the NC Department of Insurance.

Medical Payments Coverage

This refers to reasonable necessary costs of medical or funeral expenses.

Collision/Other than Collision 

Collision covers the cost of damage done from the impact accident with another vehicle. Things that damage the vehicle from falling on it, hail. or  animal damage etc. are included in "other than collision"

Mandatory Limits

This component requires a certain amount of coverage to meet financial limits per person and more. Here at Brevard Insurance Agency Inc., we can explain this in detail.

UM/UIM Coverage

North Carolina allows coverage when an uninsured or underinsured person hits your car or motorcycle

Brevard Insurance Agency Inc Is Here To Help!

Our associates at Brevard Insurance Agency Inc. are available to answer any questions. Serving Brevard, NC and surrounding areas, we will take any confusion out of North Carolina’s motorcycle insurance components and requirements.

4 Add-ons to Consider for Motorcycle Insurance

Motorcycles have become a popular choice for residents in the US because of their ease of commuting and affordability. Unfortunately, the number of two-wheeler accidents has increased exponentially, hence the need for motorcycle insurance. Standard motorcycle insurance covers general risks, but sometimes you may need to purchase “add-ons” to cover specific risks. Brevard Insurance Agency Inc., serving the greater Brevard, NC community, can help you navigate this vital coverage. 

While several motorcycle insurance add-ons exist, here are four worth your consideration:

Roadside assistance coverage

Sometimes, your bike can break down when you least expect it. The situation can even be worse if the breakdown happens when miles away from your home. Thankfully, you can purchase roadside assistance to rescue you when mechanical or electrical breakdowns occur. This coverage can repair your bike on the spot or tow it to the nearest garage.

Zero depreciation coverage

New bikes often take a lot of hits from depreciation. In light of this, your insurer will compensate you for the bike less the depreciation when your bike is totaled or stolen. If you were to buy a bike similar to yours, you would incur significant out-of-pocket expenses. The good thing is that you can cushion yourself from depreciation by purchasing special coverage.

Umbrella insurance

If you are a high-net-worth individual or at high risk of being sued, you should boost your bike insurance with umbrella insurance. This coverage comes to your rescue when you cause significant accidents whose liability claims exceed your motorcycle liability insurance.

Engine protection coverage

Your standard motorcycle insurance covers engine damage if the cause is a covered loss. However, if waterlogging or an oil leak causes engine damage, you will cover this loss from your pocket. However, an add-on can help you sort out the damage.

Contact Us Today

Want to learn more about motorcycle insurance? Shopping or renewing your bike insurance in and around Brevard, NC? Reach out to Brevard Insurance Agency Inc. for all your motorcycle insurance solutions.

Do You Have the Right Renters Insurance Coverage in Brevard, NC?

You just moved into a new apartment in Brevard, NC and you’re wondering whether you can get insurance to cover your property even though you don’t own the place. The good news is you can. At Brevard Insurance Agency Inc., we often assist tenants looking for the right renters insurance for them.

What Is Renter’s Insurance?

Renters insurance covers your personal belongings if you lease an apartment or house. Typical policies cover your belongings, yourself and your living arrangements in the event of a covered loss. Even if you don’t think you own anything valuable, you might be surprised how fast things add up.

If your apartment caught fire tomorrow, you might have to replace clothing, furniture, kitchenware, towels, sheets and numerous other items. Even if you don’t have an extensive wardrobe and bought everything secondhand, the replacement cost for your belongings can total thousands of dollars.

How to Calculate Your Coverage Needs?

Take the following into consideration when you were calculating the amount of renters insurance you need:

  • Make a list of items you would have to replace and the retail price to replace them. A simple Google search can help you obtain an estimate for most items.
  • Once you have a total, add 25 to 50% because there are probably things you’ve forgotten about, and prices go up every year.
  • Take pictures of your property so that you have them in the event of an emergency and store them someplace other than your apartment.
  • If your apartment becomes uninhabitable, you’ll have to find other accommodations quickly. This could mean staying at an expensive hotel or Airbnb until your apartment is fixed or you find a new place to live. Factor this cost into your insurance coverage needs.

Chances are the cost of renters insurance is cheaper than replacing everything you own and paying for lodgings while you sort out your living situation. Contact Brevard Insurance Agency Inc. to set up a meeting for a renters insurance quote to cover your costs.

Why Do I Need Motorcycle Insurance in North Carolina?

Motorcycle owners in North Carolina should be proactive in ensuring their vehicles because it’s against the law not to. If you own a motorcycle and drive it in and around Brevard, NC, you are required to have a motorcycle insurance policy. Failing to do so will result in a fine or confiscation of the bike. 

What Does Motorcycle Insurance Provide Me?

Just as you would insure a car or any recreational vehicle, taking the steps to insure your motorcycle will protect you, the bike itself, and other drivers on the road. Brevard Insurance Agency Inc advises all of their clients to review their motorcycle policy annually to confirm appropriate coverage.

Insurance policies offer protection and coverage in accidents (whether you are at fault or not). They protect you in the event that you need medical care, or if you injure someone else and they need treatment or care. If you are out of work from your accident and are unable to work, your policy may cover that situation. Some policies can also provide coverage if a bike is damaged in an accident, due to severe weather, or if it’s stolen.

Insurance may be considered an unnecessary "what if" in any situation, but if the "what if" happens, you will be relieved that you took the time to be proactive and protect yourself and other drivers. 

Whether you use your bike on the weekends for a quick getaway, for long drives outside of Brevard, NC, or for daily use — maintaining a motorcycle insurance policy is of the utmost importance. If you need assistance finding the right coverage for you, contact Brevard Insurance Agency Inc. Our team of experienced agents can help you build a quality policy that you can rely on. 

Does everyone in Brevard need motorcycle insurance?

Those that live in the Brevard, NC area will enjoy the warm and sunny weather that exists for much of the year. Those that are going to live here should consider getting a motorcycle as a mode of transportation. While these can be a lot of fun to drive, they also come with some responsibilities. One responsibility that you will have is the need to get insurance for it. There are a couple of reasons that the average motorcycle owner will need to have insurance for it.

Insurance is Needed to Drive

One of the reasons that you should get motorcycle insurance is that it is required by law for you to drive. If you are going to purchase a motorcycle here, you will want to ensure that you get proper coverage and protection for it as state law requires you to carry liability coverage. Those without this protection will be face penalties when caught.

Insurance is a Lender Requirement

Buying a motorcycle will require some owners to finance the purchase with a loan. If this is the case for you, it is important to follow your lender’s insurance obligations. Most lenders will require that you have a full policy with both collision and comprehensive coverage, which will protect the loan’s collateral.

When you are in the market for a new motorcycle insurance policy in Brevard, NC, it is imperative that you speak with someone that you can trust. The insurance professionals at Brevard Insurance Agency, Inc can help you build and choose a quality policy. When you do call Brevard Insurance Agency, Inc., you can learn more about how this insurance can protect you. They can then help you build a policy that covers vehicles and offers appropriate coverage.