Some basics about motorcycle insurance that you should know.

Motorcycle insurance is not only for your bike, but for you and your passenger as well. So make sure you have the right insurance as well as a reputable insurance company that knows motorcycles. Most policies are similar to auto insurance and most states will require that you cover your bike with similar limits and requirements. Yes, if your state requires PIP then you will need it on your bike as well. Check the minimum requirements and make sure that you meet them with your policy.

Some states will allow for storage of your bike and allow a shorter "year" policy (ie 9 months). Others will allow you to drop your insurance but you will have to turn in your plates for the state to hold onto while the bike is stored. When you're ready to take it out again, go to the DMV and get your plates. It's that easy.

As I have stated before, with all the ad-ons that we tend to do with our bikes, make sure that you have your bike appraised. Often the value of the bike is much higher than what you purchased it for when you include the accessories and paint jobs. All that adds up pretty quick and the next thing you know, you've put almost as much into aftermarket as you did when you purchased the bike!

If you have a trike or a sidecar be certain that your state still recognizes that as a motorcycle. Some see them as a "vehicle" and handle them different. With some of the exotic three wheelers that are coming out, the state requirements are being looked at and changed. Look into licensing requirements while you're at it.

Side cars and trailers may not be handled under your motorcycle insurance. Depending on the company, you may have to cover them under your home owner's policy or even your auto coverage. Either way, the same applies, get it appraised and insure it for the appraised value. That will save a lot of heartache down the road.

And always carry your insurance ID, place it in a plastic bag and keep it with your registration and any other important paperwork you need on your bike.

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