Category: Motorcycle Insurance

Does Motorcycle Insurance Cover Theft?

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Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does Motorcycle Insurance Cover Theft?

Posted on by admin

Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does Motorcycle Insurance Cover Theft?

Posted on by admin

Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

Does Motorcycle Insurance Cover Theft?

Posted on by admin

Motorcycles are always a joy to ride, but their compact nature makes them more susceptible to theft than other vehicles. Many people purchase insurance because they’re legally required to, but does motorcycle insurance cover theft?

Legal Requirements

The minimum requirements in Richmond, VA, state that all registered vehicles, including motorcycles, must carry minimum liability insurance. This must include:

  • $20,000 property damage liability insurance
  • $25,000 bodily injury liability per person
  • $50,000 total bodily injury liability per accident

Motorcycle owners who obtain minimum liability insurance to meet legal requirements will not have insurance that covers theft. However, other insurance options are available to provide additional coverage.

Additional Coverage

Insurance companies like Cary-Wheeler & Associates Inc. offer several levels of coverage to protect motorcycles. Motorcycle owners may have the same options as car owners do:

  • Comprehensive Coverage: Comprehensive coverage provides coverage for events other than an accident with another vehicle, such as hitting a telephone pole or animal, vandalism, theft, and weather damage.
  • Collision Coverage: This provides coverage for your motorcycle if you’re in an accident with another vehicle or object. However, some companies offer collision coverage for accidents with another vehicle and only provide coverage for accidents with an object or animal under comprehensive coverage.
  • Uninsured Motorist Coverage: This type of coverage can help you if you’re in an accident with someone who doesn’t have insurance or whose insurance isn’t enough to cover the cost of damages.

Motorcycle owners can also enjoy roadside assistance, coverage for add-ons, and more. However, this varies depending on the company you work with.

We understand motorcycle owners are more likely to deal with theft. That’s why experienced agents at Cary-Wheeler & Associates Inc. will help you find the right coverage to ensure you’re protected. Contact us today to find the right policy for your motorcycle. We’re currently serving the Richmond, VA area.

How Richmond’s Unique Risks Impact Your Motorcycle Insurance Needs

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Learn how Richmond’s unique landscape impacts your motorcycle insurance needs and get personalized coverage options from the motorcycle insurance experts at Cary-Wheeler & Associates Inc. in Richmond, VA.

Topography and Roadways

Richmond’s mountain-backdropped landscape includes a mix of urban thoroughfares with rolling hills and steep inclines that can lead to devastating accidents in particular areas of the city. Local cyclists should consider investing in comprehensive and collision insurance for motorcycles, which covers collision and non-collision related perils, instead of opting for a liability-only policy in areas with questionable terrain.

The mix of fast-paced highways like Interstate 95 with narrow city streets and rural roads can make navigating some areas of Richmond challenging for even the most skilled bikers. A well-structured comprehensive motorcycle insurance policy is one of the best ways to protect your two-wheeled investment from serious and minor collisions, fender benders, theft, vandalism, natural disasters, animal collisions, and other included perils.

Severe and Unpredictable Weather Patterns

The city of Richmond has been experiencing a wide range of weather extremes, which have local insurance policyholders re-examining their coverage to ensure adequate protection. Unpredictable weather patterns can lead to an increase in auto accidents, as icy or wet roads can cause distracted drivers to lose control when traveling along narrow and hilly mountain roadways.

Get Comprehensive Motorcycle Insurance Coverage in Richmond

Talk to a trusted local insurance agent at Cary-Wheeler & Associates Inc. in Richmond, VA to learn about the best coverage for protecting your bike from devastating storms like hurricanes, tornadoes, severe thunderstorms, and extreme heat. You can also ask about seasonal motorcycle coverage for bikers who only ride during the warmer spring and summer months.

Don’t Wait! Protect your Richmond ride — Contact our offices for a comprehensive motorcycle insurance quote today!

Myths Surrounding Motorcycle Insurance

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Richmond, VA, are you equipped with the proper knowledge about motorcycle insurance?

At Cary-Wheeler & Associates Inc., we like to debunk common myths about motorcycle insurance and help riders make informed decisions about protecting their passions on the road.

  1. Myth: Motorcycle Insurance is Expensive: While motorcycle insurance premiums can vary based on factors like the type of bike, rider’s age, and driving record, many riders assume that coverage is prohibitively expensive. However, with the right coverage options and discounts, motorcycle insurance can be affordable and provide invaluable protection in the event of accidents or theft.

  2. Myth: Auto Insurance Covers My Motorcycle: Some riders mistakenly believe that their auto insurance policy automatically extends coverage to their motorcycle. However, motorcycles require specialized insurance coverage tailored to their unique risks and usage patterns. Investing in dedicated motorcycle insurance ensures that you’re adequately protected on every ride.

  3. Myth: Basic Coverage is Sufficient: While meeting the minimum insurance requirements may seem sufficient, it may not provide comprehensive protection for your motorcycle. Basic coverage may not adequately cover damages to your bike or medical expenses in the event of an accident. Exploring additional coverage options like comprehensive and collision insurance can provide greater peace of mind on the road.

At Cary-Wheeler & Associates Inc., we understand the importance of tailored insurance solutions for Richmond, VA riders. Our experienced agents are dedicated to debunking myths and helping riders find the right coverage for their unique needs. Ready to explore your motorcycle insurance options and debunk the myths? Contact Cary-Wheeler & Associates Inc. today for personalized guidance and a comprehensive insurance solution designed to protect you and your bike on the open road. Don’t let misconceptions stand in the way of securing the coverage you deserve.

Protect Your Bike With a Comprehensive Motorcycle Policy

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Richmond, VA area residents turn to the team at Cary-Wheeler & Associates Inc. for all of their insurance needs. If you’re wondering if your current motorcycle policy meets your requirements, or if you’re thinking about getting a bike, rely on us for your all your motorcycle insurance needs. 

Benefits of a Comprehensive Bike Policy

There are many basic motorcycle policies available, but you might be wondering if they provide enough protection. When you’ve been riding for a while and know how often you plan on getting out on the road, you might consider upgrading to a comprehensive policy. There are a number of different benefits that come with comprehensive motorcycle policies.

The most important one is an increased coverage level of liability insurance. This increase helps to protect you from financial distress due to damages that are awarded to a passenger or other injured party following an accident. You’ll also enjoy having protection in the event of the theft or vandalism of your bike. 

Comprehensive policies are always a good idea for anyone who has financed their bike with a loan. This will help to reduce the risk of having to pay off a loan for a bike that’s been totaled. Now’s an ideal time to sit down with your local insurance agent to thoroughly review your needs. This will allow you to make an informed decision when it comes to selecting your bike policy.

Choosing a comprehensive bike policy is an effective way to protect your motorcycle and your future.

Call or stop by our office today!

Cary-Wheeler & Associates Inc. is here to serve the insurance needs of residents in Richmond, VA and the surrounding area. Contact us with all of your insurance questions and issues, we’re here to help!

Do I Need Full Year Motorcycle Insurance in Virginia?

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Motorcycle insurance is an essential part of owning a bike. In Virginia, riders must have liability insurance at the very least. But do you need to purchase full-year motorcycle insurance? Let’s break it down and find out how Cary-Wheeler & Associates Inc. can help.

What Is Full-Year Motorcycle Insurance? 

When you purchase insurance, it’s for 12-month coverage. When you live in an area that has poor weather for a few months, it can be frustrating. If you can’t ride all year, you may wonder if it’s worth purchasing full-year motorcycle coverage.

The answer is complex. In Richmond, VA, you can pay DMV not to have insurance. However, if you have a bike loan, the lender most likely requires you to carry insurance for the entire term. You may qualify for lay-up insurance, a reduced rate when you don’t ride. But what about the two or three months you’re off the road?

Why Should I Consider a Year-Round Motorcycle Policy?

When you purchase full-year motorcycle coverage, it offers more protection than just the minimum liability. Most insurers offer optional coverage such as collision, comprehensive, and even roadside assistance. This coverage can be invaluable if you plan on taking long trips or riding in inclement weather. You also can add riders to your policy, which is beneficial if you share your bike with family and friends.

Give Us A Call

Reach out and start building your custom motorcycle insurance policy today! If you’re a motorcyclist in Richmond, VA, looking for reliable coverage all year round, contact Cary-Wheeler & Associates Inc. today! Our team of experienced professionals will help you find the perfect policy for your budget and lifestyle needs so you can ride with peace of mind.

Will motorcycle insurance cover a non-moving accident?

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Motorcycle insurance is similar to auto insurance in that you are required to carry liability insurance in most states. However, the similarities don’t stop there. You can also purchase full coverage insurance on your motorcycle as well.

We at Cary-Wheeler & Associates Inc. in Richmond, VA know that not all motorcycle owners understand the benefits of different insurance policies. However, we’re committed to making sure that we answer questions that help our customers get the coverage they need. 

Motorcycle Insurance for Non-moving Accidents?

Of course, liability coverage will not pay for the repair of your motorcycle. Liability insurance covers situations where you’re at fault. However, like auto insurance, you can purchase comprehensive insurance to pay for the repair of your motorcycle, if damaged in a non-moving accident.

Motorcycle owners who carry comprehensive insurance receive coverage for the repair/replacement of their bike if it’s damaged in a non-collision accident. Compensation for damage from fallen objects like trees and hail is also covered by comprehensive insurance. Theft, fire damage, and vandalism are also covered by comprehensive motorcycle insurance. Overall, comprehensive coverage covers damage from accidents and situations that don’t involve collisions. 

Other Considerations

Although comprehensive insurance isn’t required, motorcycle owners may be required to carry full coverage motorcycle insurance if they are financing their motorcycle. Motorcycle owners also have the option of purchasing add-on personal accident coverage. This insurance coverage would award motorcycle owners or their families a cash payment in case of a serious accident.

Give Us A Call

Cary-Wheeler & Associates Inc. in Richmond, VA is here to help motorcycle owners explore the best motorcycle insurance for their unique situations. If you have questions about motorcycle insurance, call us. We’re standing by.

Does Virginia Require Motorcycle Insurance?

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For many people, riding a motorcycle is a source of freedom. However, it also comes with responsibilities, like having the right insurance. Of course, each state has its own insurance requirements, and those requirements can get confusing. So, what do you need to know about motorcycle insurance in Richmond, VA? At Cary-Wheeler & Associates Inc., we can help you figure it out. 

Does Virginia Require Motorcycle Insurance?

Yes and no. In Virginia, motorcycle owners have two options: buying liability insurance or paying an Uninsured Motor Vehicle (UMV) fee. If you pay the fee, you don’t have to carry insurance. However, if you choose this route, you remain uninsured at your own risk. 

Reasons to Choose Motorcycle Insurance

If Virginia allows for a UMV fee, why do so many motorcycle owners still choose insurance? Because risk mitigation matters. Carrying insurance can help you as a motorcycle owner reduce your liability risk. 

The UMV fee may save you some money in the short term, but motorcycle insurance provides the more cost-effective choice in case of an accident. If you do cause an accident on your bike, you could pay hundreds or even thousands of dollars out of your own pocket. Having a good insurance policy can protect you from financial struggles. 

And of course, insurance can help you gain some peace of mind. Riding a motorcycle should be an enjoyable experience. But if you’re constantly worried about your lack of coverage, you won’t enjoy the experience as much as you should. Liability coverage can help you breathe a little easier on the road. 

Motorcycle Insurance Questions? 

Do you have questions about your coverage options? At Cary-Wheeler & Associates Inc., we can answer your questions and help you make sure you have the right coverage. We serve motorcycle owners in Richmond, VA. Get in touch with us today to learn more.