Antique motorcycle insurance

Antique motorcycle insurance is must for all vintage and older motorcycles whether they are being driven or only kept as collectors items. Antique motorcycles are amazing and beautiful bikes and people just love them all around the world. If you have an antique or vintage motorcycle, you need to make sure that it is protected against damage and theft. Since they are precious to the owners, they need to make sure that they get the appropriate insurance for their motorcycles.

Though you can get an antique motorcycle insurance policy from just about any auto insurance company, you need to be careful while choosing the company. Often the normal insurance companies are not able to value your antique motorcycle is a proper manner. Therefore, it is must that you go to an insurance company which specializes in antique or vintage models.

The vintage motorcycle insurance or antique motorcycle insurance policy has certain features which are unique and not available for usual motorcycles. Some of them are:

• Agreed value coverage - Agreed value is the value which the buyer and insurance company collectively put on that motorcycle. This is the amount which the owner will receive from the insurance company in case of total loss or theft beyond recovery of the motorcycle.
• Mileage of motorcycle - Usually, antique motorcycles are not supposed to be used for daily or routine purpose. But that doesn’t mean that you can use it only for parades. The mileage clause should be a bit more flexible.
• Spare parts - There is a set limit for coverage of spare parts taking into consideration that vehicle is old and spare parts are not easy to get.
• Increase in value overtime - This is also called inflation guard. There are features in some policies in which the value of motorcycle is increased every year by a certain percentage. It can vary from 2% to 8% which is very good.

There are certain clauses which should be met in order to get antique motorcycle insurance. These points are to make sure that the motorcycle is truly antique and is being maintained in proper way.

• The motorcycle must be at least 15 years old.
• The motorcycle is being driven only for pleasure and not for commuting
• The motorcycle is not being used in any kind of racing
• The motorcycle is kept in an enclosed garage and always locked when not in use
• The person applying for insurance should have at least 5 years of driving experience
• The person should have a clean driving history. There should be no more than 1 moving ticket in his name in last 3 years.
• There must be at least one regular use vehicle for every licensed driver in the household.

For all vehicles, but particularly for antique motorcycles, it is imperative to take good care of them. This includes regular maintenance, proper storage, and perhaps some extra care. Keeping your bike in good condition makes it qualified for antique motorcycle insurance. There are various companies which will provide you antique or vintage motorcycle insurance. You just need to do some research on the internet. You can compare the terms and conditions, premium amount etc on a single website which becomes very useful while deciding upon the tight insurance company for your precious motorcycle. It is going to be well worth it for you to get antique motorcycle insurance, so that you can feel safe and protected knowing that your bike is insured.

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