When you purchase an insurance policy there are generally two types of costs associated with the policy: the premium and the deductible.  The premium will likely be either twice a year or in monthly installments.  This rate is based on your driving history, what kind of car you drive, etc.  The deductible is the portion that will not be covered by the premium.  Usually the minimum deductible is $500.  Typically, if you choose a lower deductible, your premium may be higher.  If you choose to have a higher deductible, your premium should be lower.  The costs vary so that insurance companies can stay competitive with their rates.

A typical deductible will cover claims that would arise from damage to or the loss of the owner’s vehicle.  The damage can be caused by accidents, vandalism or theft.  When damage occurs, the policy holder is responsible for the deductible, and the insurance company will be responsible for the rest, depending on the policy.  Let’s look at a simple example.

If you were to get into a car accident and the total damage was $2500, with a deductible of $500, the policy owner pays the $500 and the insurance company would pay the remaining $2000.

Insurance is essential to saving money.  If you don’t have insurance and you are in an accident, you can be held be responsible for all damages and medical injuries as a result of the accident.

For more information please contact your PoliSeek insurance policy representative.  

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein.  No warranty or appropriateness for a specific purpose is expressed or implied.

Motorcycle insurance is often rated in a very similar way to auto insurance.  Factors taken into consideration are:

1) How often will you be riding the bike?

2) What type of bike is it?  (Premiums will be different if it is a sport bike or a cruiser, as they are with cars) 

3) Your driving history 

4) Will you be using the bike for transportation to work, and if so, how far is your work place from your home? 

Rates will be similar to car insurance, or often lower, and you should always consult your insurance company to be sure that you have the correct coverage for your riding style and needs.

In most states, having insurance for an off-road recreation vehicle is not required.  That being said, it is still a good idea to carry some sort of protection for yourself and your off-road vehicle.  If you were to get into an accident with your off-road vehicle and it was damaged and you were hurt, with no insurance, you would potentially be paying medical bills for parties involved and would incur out of pocket expenses to have your vehicle repaired or even replaced. 

Having the right off-road vehicle insurance can ensure you are protected in the event of an accident.  Off-road vehicles can include snowmobiles, dirt bikes, dune buggies, four wheelers and others.  For a more specific product offering, contact PoliSeek to get a quote that specifically meets your needs for motorcycle insurance, or off-road vehicle insurance.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein.  No warranty or appropriateness for a specific purpose is expressed or implied.