When you decide to insure your boat, motorcycle, or classic car, allow Parr Insurance Services of Lynchburg, VA to provide a free comparison quote so that you receive the complete coverage you need at a price you can afford.
Motorcycle Insurance Requirements in Virginia
Many Virginia residents mistakenly believe that the $500 Uninsured Motor Vehicle fee collected by the Department of Motor Vehicles provides some form of insurance, but it does nothing of the sort. The Virginia UMV fee allows you to operate your motorcycle at your own risk. However, suppose you wreck into another vehicle, pedestrian, building, or barrier. In that case, you will have no protection against a personal injury, property damage, or vehicle damage claim, nor will you have funds to repair your motorcycle, pay hospital bills, or cover loss of income due to your disability or dismemberment.
Although this sounds harsh, riding without insurance equates to riding without a helmet. Both situations result in grief and will siphon your assets straight into someone else’s pocket. In addition, Virginia’s minimum coverage requirements of $25,000 for bodily injury or death of one individual and $50,000 for bodily injury or death of two or more people in a single accident, plus $20,000 for property damage, can quickly fail to cover expenses for a single mishap. Consequently, discussing your driving record, the neighborhood crime rate, and other factors will help determine the correct amount of insurance to carry.
Classic Cars, Boats, and Small Recreational Vehicles
Classic cars often lack the safety features taken for granted, such as disc brakes or airbags, or their parts and paint jobs cost extra to replace, making comprehensive insurance coverage vital if you enjoy cruising. A conversation with one of our agents at Parr Insurance Services of Lynchburg, VA will determine the ideal amount to carry. Even though Virginia does not require boaters’ insurance, having some protects you from liability, so call Parr Insurance Services today.