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Classic Motorcycle Insurance

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How to Insure Your Classic Motorcycle?
Your classic or custom motorcycle isn’t standard. You’ve put a lot of work into preserving it or making it your own, which adds value. Instead of purchasing standard insurance, you should consider classic motorcycle insurance.
The Difference Between the Two Types of Insurance
Standard motorcycle insurance typically gives you basic coverage for your motorcycle based on its blue book value. There is nothing wrong with choosing this policy if you have a regular motorcycle and the value is known. However, when it comes to classic or customized motorcycles, these motorcycles have added value. They are like fine wines; only you truly know the value of your motorcycle. As a result, most insurance providers insure …show more content…

Your classic or custom motorcycle isn’t standard. You’ve put a lot of work into preserving it or making it your own, which adds value. Instead of purchasing standard insurance, you should consider classic motorcycle insurance.
The Difference Between the Two Types of Insurance
Standard motorcycle insurance typically gives you basic coverage for your motorcycle based on its blue book value. There is nothing wrong with choosing this policy if you have a regular motorcycle and the value is known. However, when it comes to classic or customized motorcycles, these motorcycles have added value. They are like fine wines; only you truly know the value of your motorcycle. As a result, most insurance providers insure classic and custom motorcycles based on agreed values.
What Is Agreed Value?
In agreed value insurance policies, you are in control of the amount your classic motorcycle is insured for with your provider. Once the amount is chosen, then your premium payments will be based on the figure you and your insurance provider agreed to.
An agreed value policy reduces the risk of you not being able to rebuild or replace your classic motorcycle in the event of a loss. A standard policy may underestimate the real value of your classic motorcycle, leaving you underinsured if something happens to your

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