Motorcycling is about feeling the freedom to explore, to take in the world at a different pace. But before you can hit the open road on your bike, you need to have a few things, namely motorcycle insurance coverage.
We've covered what comprehensive coverage means and even explored a few optional coverage choices, but some people have more specific needs from their motorcycle insurance policy.
If you have a customized bike, then you must explore further than bodily injury and collision coverage. These standard coverages are great, but a truly comprehensive policy is a blend of different coverage types that meet a rider's needs.
As motorcycle riders ourselves, we know that many riders love to customize motorcycles.
It doesn’t matter if you ride a dirt bike or a custom chopper. Customization that fits your desired aesthetic is fun and makes your customized ride unique.
The only problem is that this custom work needs a plan that is just as specialized, and owners of customized bikes need to know the limits of protection of add-on coverage.
While we can’t speak for other major carriers, Harley-Davidson Insurance Services has clear answers about our coverage for damages to aftermarket parts.
The short answer is, yes, adequate coverage for modifications to your motorcycle is a good thing to have outside of the standard legal coverage requirements.
However, choosing the correct coverage amounts will depend on several factors, including:
Despite this, affordable motorcycle insurance that includes custom parts isn't out of reach for most riders.
Customizing to add value is very different from personalizing a bike. If you want to customize a bike to add value, make sure your insurance aligns if you have a loss.
Harley-Davidson Insurance Services offers "Optional Equipment Replacement Cost" as an added coverage. This covers the cost to replace the accessories, as long as they are less than five years old.
Without that coverage, the value applied to your loss will consider depreciation and/or general value of the upgrade, which may not be the same as what it cost you to add it to start with.
Save your receipts!
Custom performance parts can strongly impact your insurance rates.
Adding a nitrous kit or similar is not only excluded by many insurance companies (including Harley-Davidson Insurance), but many bike manufacturers will void your warranty with that type of upgrade.
Riding at extreme speeds raises the potential for unplanned incidents, leaving you with potential medical bills, property damage liability that exceeds your policy, and will likely lead to a loss of coverage.
When you purchase comprehensive and collision insurance, we automatically include $1,000 of optional equipment coverage.
This is also sometimes referred to as accessory coverage. If that amount doesn't cover your upgrades, additional coverage for aftermarket parts can be purchased in $1,000 increments up to $30,000.
Adequate coverage is all about risk tolerance. That's why we offer so many increments and additional coverage types. There are a few things to think about when deciding how much optional equipment and accessory coverage you need, but the main objective is to correctly factor in the replacement cost for upgrades.
At Harley-Davidson Insurance, we replace factory parts with genuine H-D® parts in case of an unforeseen motorcycle accident that damages your bike, but if you've added new handlebars, for example, how do you ensure that you have adequate coverage?
Let's say your bike came with handlebars worth $500, but your new custom handlebars are worth $1,000. You don't need $1,000 worth of extra coverage; you only need $500 because the original coverage for stock handlebars is part of our factory standard policy.
These coverages are also often called "Optional Equipment" policies. For Harley-Davidson Insurance Services, optional means options, equipment, or enhancements that were not factory standard on the motorcycle.
So "optional equipment" includes (but is not limited to):
If you are unsure which coverage limit you need for your custom component, reach out to a Harley-Davidson Insurance customer service agent for a personalized, competitive quote.
Trailers are a common coverage question subject. Here’s a high-level breakdown specific to Harley-Davidson Insurance Services:
Determining what type of coverage you need can be a little daunting.
That's why we always recommend speaking with an insurance professional that can walk you through any specialized coverage or additional insurance protection your bike might need. If your needs are a little simpler, set up an online quote.
With Harley Davidson Motorcycle Insurance Services, you can rest easy knowing that you have adequate, affordable coverage with continuous protection for all your parts.
The general information contained in this blog is for informational or entertainment purposes only. The information in this blog is provided “AS-IS” WITHOUT ANY WARRANTIES of any kind. Neither Harley-Davidson Insurance nor Sentry® or either entities’ affiliates and subsidiaries (“Entity”) accept any responsibility related to the content or accuracy of the information contained in this blog. The information contained in this blog should not be mistaken for professional or legal advice. Any use of this blog or any third-party website linked to this blog is at the risk of the user. NO ENTITY IS LIABLE TO ANY PERSON OR ENTITY FOR ANY DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OR INABILITY TO USE THIS BLOG OR ANY THIRD-PARTY WEBSITE LINKED TO THIS BLOG. The views and opinions contained in third-party websites referenced in this blog are the views and opinions of third-party authors and may not represent the opinions or policies of an Entity.