Cancelling an insurance plan is something many people do at some point in their lives. Normally, this is not a complicated process, but it may be if you are in the middle of an accident claim. Making the right choice involves careful consideration of many factors, including the difference between motorcycle and automobile insurance.
This article will talk about the various elements that are involved if you plan on cancelling your insurance coverage for your motorcycle after an accident. One thing we can assure you is that your claim will proceed as normal, whether you choose to stay with the company or find another motorcycle insurance provider.
Differences between Motorcycle and Car Insurance
Many people have both car and motorcycle insurance through the same company, and these are distinctly separate policies for two different types of vehicles. This can be a confusing concept for those with bundled insurance plans, meaning you receive a discount for having multiple forms of insurance from the same company.
Due to motorcycles being a higher risk vehicle compared to a car, the premiums may be higher for your motorcycle insurance plan. Other key differences include:
- Coverage for Passengers: automobile policies normally cover injuries to passengers, but this is not the same for motorcycle policies. So, you will need to purchase additional coverage, or anyone other than yourself on the motorcycle will not be covered if there is an accident.
- Usage: It’s taken for granted that you will use your car on a regular basis, but the same cannot be said for many people that own a motorcycle. This is why companies offer seasonal plans for motorcycle insurance, which is cheaper than paying for coverage all year round. Seasonal plans may be ideal for those who only ride their motorbikes during the spring and summer, for example.
Due to the lack of safety measures that are inevitable with motorcycles, these are generally considered high-risk vehicles. And it’s hard to deny that anyone on a bike can’t rely on protections like airbags, seat belts and protective padding, which you would find in an automobile
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Reasons to Cancel a Motorcycle Insurance Policy
The first thing that comes to people’s minds after an accident is a steep increase in premiums. This can happen even if you are not at fault, meaning you are immediately branded as a high-risk customer. A premium increase in itself may justify switching to another insurance company if you were recently in a motorcycle accident.
There’s no need to fear that your old insurance company will refuse to handle your claim if you make the switch. They have a legal obligation to cover the damages you incurred while you still had insurance with them. And they certainly can’t use the fact you found coverage with someone else to deny you the funds you are entitled to, according to your policy terms and limits.
Poor customer service and failure by the company to uphold their end of the contract can also influence your decision to find a new insurance provider. You may feel that the company is deliberately holding up your claim and hoping you will give up on fighting for your rights. But even if their actions are not deliberate, failure to communicate and provide you with a timely resolution are serious issues. And it’s understandable that you want to avoid these headaches in the event there is an accident in the future.
Regardless of why you want to cancel your insurance policy, this is not a decision you should make on a whim. The timing is important as well if you do change companies and plan on riding your motorcycle. You must ensure that there is no lapse during the transition from one company to another. This is just one of many concerns that you should discuss with a motorcycle accident lawyer.
Fighting for What is Rightfully Yours
Frankly, you don’t have to have a specific reason for changing insurance companies after an accident. However, it’s a good idea to think about the pros and cons of cancelling your motorcycle insurance. No matter what, you are legally entitled to compensation that was promised to you under the policy. So, in the event of a crash or any other accident, there should be no impact on your claim if you decide to move on to another company.
If you do face resistance, we can help you fight back and claim the payment you are rightfully owed. We understand that the average claimant is at a disadvantage when insurance companies play games and throw out words and concepts that they don’t understand. Our legal experts are here to protect your interest and ensure that you are fully compensated for medical bills, lost wages, and other monetary damages.
Contact Our Law Firm Today
Our attorneys are here to answer any questions you have regarding your rights and legal options. We have a proven track record of high settlements on behalf of motorcycle accident victims. No matter how long it takes, we promise to fight for your rights and ensure that your finances are restored by the responsible party.
As we offer a Zero Fee Guarantee, you will pay $0 to hire a motorcycle accident attorney. We receive payment directly from the defendant, and only by winning your case. Thus, you owe us $0 in the event we fail to secure your settlement.
Please reach out to us as soon as possible and talk to a lawyer before you cancel your motorcycle insurance while a claim is pending.
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