As a motorcycle owner, modifying your machine may prompt questions about its impact on your insurance coverage. Contrary to the belief of many bikers, even minor modifications need to be reported to your insurer. Riding without adequate insurance can be risky, and certain alterations could invalidate your insurance policy. Suppose you’re in the Eagan, MN area. In that case, our experts at F.I.R.E. Leaders Financial are here to offer sound advice on the coverage you’ll need following modifications and guide you towards making informed decisions about your insurance.
What Constitutes as Modifications?
The term ‘modification’ is broad and essentially refers to any changes made to the motorcycle. These can range from performance alterations to cosmetic changes and added features. Installing security devices, crash bars, and engine guards should also be reported. If a modification alters the motorcycle’s original condition, it must be declared to your insurer.
Do I Need to Report Modifications to My Insurance Provider?
All changes made to your motorcycle must be reported to your insurance provider. There are several crucial reasons for this. Failing to report modifications could result in your insurance policy being voided. By altering your motorcycle’s function or value, Said modifications increase the risk of accidents. Therefore, it’s essential to understand the potential consequences of not reporting modifications.
Before making changes to your motorcycle, it’s crucial to discuss possible implications for your insurance policy with your provider. Some insurance companies may refuse policy continuation for certain modifications, so it’s wise to consult with a representative from our F.I.R.E. Leaders Financial team.
Contact Our Insurance Agency in Eagan, MN
Motorcycles are generally at a higher risk for accidents than regular vehicles. It’s crucial for every rider, especially in Eagan, MN, to feel protected while out on the road. Don’t hesitate to contact our offices today to find an appropriate insurance plan that aligns with your modified motorcycle’s needs.
