How does the “cooling off” period for motorcycle insurance work?

Your motorcycle brings you pride, but you do not always enjoy paying the insurance premium. It is not that you do not want to pay for coverage. You understand the importance of a good indemnity policy. It is just difficult for you to comprehend paying the full amount for insurance every month while your motorcycle sits in storage. Did you know that there is a “cooling off” period for motorcycle insurance that is better known as a temporary indemnity policy? The agents at Fulginiti Insurance can help!

What is temporary insurance?

As its name implies, temporary insurance is an indemnity plan that offers coverage for a short period. Some bikers take advantage of such a plan when renting someone else’s motorcycle for a day or week. There is also temporary insurance that drivers can pay for by the month. 

How does the “cooling off” period play into things?

Seasonal insurance is a temporary indemnity plan that allows you to have a policy for your bike during the months that you plan to drive. You can, for instance, choose a seasonal indemnity plan that pays for coverage during the summer months and choose a different temporary insurance plan for winter in Aston, PA.

Those interested in reducing coverage during the winter, when motorcycles are typically in storage, may be interested in motorcycle storage insurance. This type of coverage is designed to cover damages that a bike may incur while stored in a garage or public facility. You cannot legally drive your bike with a storage insurance policy. You will need to restore coverage to standard premium rates when you decide to take your motorcycle on the road.

The agents at Fulginiti Insurance in Aston, PA can help you find the motorcycle insurance policy that best suits your lifestyle. Call us today to get started with a quote!