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Do I Need Insurance for a Vintage Motorbike?
Do you need motorbike insurance for a vintage motorbike you never ride? It would seem paying for coverage for a bike stored in your garage is a waste of money. However, there are some good reasons why keeping your vintage bike insurance is a wise idea.
Keeping Your Options Open
You may want to take your vintage motorbike out for a short spin on a sunny day even if you’d planned to keep your bike in storage long-term. However, residents who ride a vintage motorbike without insurance could be fined in Evansville, IN. You could also have your license or vehicle’s registration suspended.
You Want to Keep Your Bike Protected
A comprehensive vintage motorbike insurance policy will compensate you if your bike is stolen, vandalized, or damaged by a natural disaster. You may have to pay thousands of dollars for needed repairs without insurance coverage. Alternatively, you may lose your bike permanently with no financial relief.
Maintaining Year-Long Coverage May be Your Cheapest Option
Evansville, IN, insurance policies are annual policies. If you cancel your insurance policy and then decide to resume coverage later on, the cost of starting a new policy may be higher than you had anticipated. What’s more, some insurance companies will charge a fee if you cancel coverage before the end of the contract.
Vintage Motorbike Insurance from Trestle Insurance Agency Inc.
Trestle Insurance Agency Inc. is an independent insurance provider. We work with multiple insurance carriers to provide Evansville, IN, residents with policy options tailored to meet their needs. If you want to learn more about insuring a vintage motorbike or explore our insurance policy options, contact us at your convenience.