Moon-Baker Agency

130 E Main St
Ada, OK 74820

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I Have Car Insurance, So Why Do I Need Motorcycle Insurance?

You own a car and a motorcycle. It may be tempting to think that your automobile insurance will provide coverage if you are involved in a collision on your motorcycle. After all, your automobile insurance covers you when you’re behind the wheel of someone else’s car or a rental car, so why wouldn’t it cover you while driving your motorcycle?

Automobile Insurance Doesn’t Cover Motorcycles

In order to legally ride your motorcycle in Ada, OK, you must have a separate insurance policy for your motorcycle that lists you and any other rider who might use it. Your automobile insurance doesn’t cover injuries or damage to your motorcycle, and you won’t have liability coverage. In the event of an accident, you would be responsible for all damages.

Motorcycle Insurance Coverage is Different From Car Insurance

Statistics show that, in the event of a collision between a motor vehicle and a motorcycle, the brunt of the damage is sustained by the motorcycle rider, so you need and insurance policy which covers medical expenses, repairs to your motorcycle, as well as coverage for lost time at work.  

When looking at motorcycle insurance coverage, Moon – Baker Insurance Agency Inc. recommends you look for the following:

Collision Coverage

Whether you collide with another vehicle or have an accident on a slick Ada, OK road, significant damage can be done to your motorcycle. You need a policy that will repair your motorcycle’s damage.

Liability Coverage

Most motorcycle accidents are the other driver’s fault, but it’s still imperative that you maintain adequate liability coverage. Your motorcycle may not cause as much damage as other motor vehicles, but you could hit a bicyclist or pedestrian. Protect your assets by purchasing liability coverage similar to your car insurance amounts.

Comprehensive Coverage

What will you do if your motorcycle is stolen, consumed in a fire or damaged by water? Collision and liability coverage will not cover these events.

Medical Payments

Unless your health insurance will cover your medical bills, you need medical payment coverage in order to ensure you get the treatment you need if you suffer personal injury in an accident.

For more information about how to determine the motorcycle coverage you need, or for answers to questions about your automobile insurance coverage, call Moon – Baker Insurance Agency Inc. today.

How to Find the Right Kind of Commercial Insurance for Your Business

The first factor you have to consider when trying to find the right kind of commercial insurance for your business is the value of the items and the store itself. For example, if you have a jewelry shop with plenty of expensive jewelry, you will likely want a different level of coverage than if your business is a fast food restaurant. Fast food restaurants have items of different monetary value than jewelry stores, obviously. Additionally, you will want to evaluate how much the business location itself is worth and tailor your coverage to that amount. This is true even if you operate in Ada, OK.

Another factor to consider when you are trying to find the right kind of commercial insurance for your business is the relative risk of the area. If you operate your business in an area that has a higher risk of property damage or theft, then you will want to compensate for that with sufficient commercial insurance. Conversely, if your business operates in a fairly safe area, then there is not as much need for such insurance. Ada, OK is one such place where a larger amount of commercial insurance might be needed to ensure your business’s financial security.

A third factor to consider when you are trying to find the right kind of commercial insurance for your business is the local laws and regulations. Since these change frequently, it is important to consult a reputable insurance agency such as Moon – Baker Insurance Agency Inc. The insurance agents of Moon – Baker Insurance Agency Inc. are very knowledgeable about the local laws and regulations surrounding commercial insurance. With their expert help, you will not have to worry about violating any laws or regulations. This will allow you to proceed with your business free of worry on that subject.