Understanding Motorcycle Insurance

Whether you’re an enthusiast or a first-timer, having fun, being responsible and being safe is what it’s all about. Being responsible includes finding the right insurance.

Motorcycle insurance is a way of sharing the risks of driving between you and your insurance company. The way it works is simple. You pay a set premium to an insurance company for coverage. In return, the company promises to pay for specific financial losses that might occur during the term of the policy.

Most people rely on motorcycle insurance to protect themselves against loss in case of an accident. In many states, you must carry basic insurance to cover the cost of losses you cause to others in an accident. If the unexpected happens, insurance gives you peace of mind in knowing you are protected.

We have a variety of motorcycle policy options to meet your needs.

Get a free insurance quote today!

Flood Insurance

Springtime is right around the corner.  And with spring, come the spring rains.  A few inches of rain in a day and storm drains back up, drainage ditches fill, and rivers begin to rise.  All of a sudden, the flood waters are at your door.

 

Most people think that a flood won’t happen to them.  But according to FEMA, one-third of all claims paid by the National Flood Insurance Program were policies in a low-risk community.  The average flood claim paid for the period of 1997-2006 was $46.168.  Your home has a 26% chance of being damaged by flood during the course of a 30-year mortgage, compared to only a 9% chance of fire.

 

With those statistics in mind, homeowners insurance does not cover flood damage.  You have two choices when it comes to flood insurance coverage: 

 

1. Hope that you qualify for federal disaster aid.  This aid comes only after the president declares a federal disaster area and is usually in the form of a loan with interest.
2. Think ahead and purchase a flood insurance policy.

 

Flood insurance is available in most communities in Delaware.  And most flood applications require a standard 30-day waiting period. 

           

                                                All statistics courtesy of FEMA and floodsmart.gov.