A: Motorcycles and classic cars are also popular during warmer months. Some insurance companies offer partial or full-year insurance you’ll want to consider, depending on where you live and how much you plan to ride your motorcycle. All motorcyclists are required to have liability coverage for property damage and bodily injury. Be sure to check with your agent to ensure your coverage also extends to passengers on your bike. Discounts are usually available for safe-riding courses, whether you’re a member of a motorcycle organization or club or if you own more than one bike. If you have a classic car, these vehicles can require separate insurance from your regular car because of their more limited use and value. Some insurers offer agreed-value or stated-value policies. You’ll want an agreed-value policy where you and your insurer agree on the car’s value, as opposed to leaving the value of your classic car open to interpretation by the insurer.
Q: How do insurance concerns apply when traveling?
A: With the proliferation of websites like Airbnb and others where people rent out their home while they’re away, there are some insurance issues to consider. Many insurance companies may allow a short-term rental of your primary home under your homeowner’s policy. Some require additional coverage or renters’ insurance. For longer rentals, you’ll need a landlord or rental-dwelling policy. If you’re the one renting a space, that won’t be covered by your homeowner’s policy. You’ll need to buy a separate business policy.
PAULA BURKES, BUSINESS WRITER