Motorcycle Insurance

Is Full Coverage Insurance Required for Motorcycles?

Is Full Coverage Insurance Required for Motorcycles

Our team at Aspen Gold Insurance Brokers hears from a lot of motorcycle owners who want to find out if full coverage is required on their policy. The truth? No, but it might be. Here’s what you need to know about buying motorcycle insurance in Colorado.

Is Full Coverage Insurance Required for Motorcycles?

In general, so-called full coverage insurance is not required for motorcycles in Colorado. When we say full coverage, we simply mean carrying comprehensive and collision coverage. The only type of insurance you’re required to have to stay legal on the road is a liability, which pays to take care of the other person’s medical bills and property damage if you’re involved in an at-fault collision.

Comprehensive covers the cost to repair your bike if it is stolen or damaged by an act of nature, such as a storm or hitting an animal. Collision pays to fix your motorcycle if it physically collides with another object, such as another car, fence, light pole, etc. Both comprehensive and collision are optional on motorcycle policies.

Why You Might Need Comp and Collision Anyway

That said, there is a caveat to this. If you are still making payments to a lender, there’s a good chance they’ll require you to carry comprehensive and collision on your motorcycle insurance policy. Why? They have a monetary investment in your bike. If something happens, they want to make sure you’re able to get it repaired through your policy so that their financial interests are fully protected. However, if you really love your motorcycle, you’ll probably want this added protection anyway.

Are you ready to ensure you have the right motorcycle insurance coverage for your needs? Please contact our experienced team of insurance agents at Aspen Gold Insurance Brokers in Broomfield, CO to schedule an appointment.

Motorcycle Insurance FAQS in Colorado

Motorcycle Insurance FAQS

Denver, CO has many residents who enjoy the local roads and back routes on their motorcycles. In fact, the whole state of Colorado has many visitors from around the nation who come to enjoy the scenic route. Aspen Gold Insurance Brokers are educated on all motorcycle insurance FAQS and is happy to answer any questions you may have about motorcycle insurance regulations in our beautiful state.

Frequently Asked Questions About Motorcycle Insurance In Colorado:

  • Is a helmet required to drive and insure a motorcycle? No, a helmet is not legally required for drivers or riders over 18 in Colorado. Those under 18 must wear a helmet if they are passengers or drivers. We strongly urge everyone to wear a helmet though because a regular accident that could have left a motorist bruised can be deadly without head protection.
  • Is motorcycle insurance legally required? Yes, motorcycle insurance is a legal requirement in this state. Much like car insurance, you must have a certain amount of basic coverage to drive and likely your loan company will require full coverage for the loan duration.
  • What can I do to reduce my chances of needing to use my motorcycle insurance? Be cautious, wear your helmet, do not drive when you are too tired, do not drive on any substance like alcohol or drugs, and always consider road conditions. A motorcycle is a higher risk to drive but if you are safe it can be highly rewarding on our great scenic routes.

Aspen Gold Insurance Brokers serves all of Denver, CO and the surrounding areas with quality insurance services. We are available to answer any questions you may have about a particular coverage and to provide for your insurance needs. Reach out for a free insurance quote to see if we can save you money on insurance and help bundle any insurance policies for you.

3 Ways to Prevent Motorcycle Theft

Motorcycle Insurance

Whether you love the open road or just have an appreciation for well-made bikes, it’s likely that your motorcycle is your favorite vehicle in the garage. But many motorcycle owners might be surprised at just how vulnerable it is to theft. To prevent motorcycle theft in Colorado starts with taking a few more precautions. Aspen Gold Insurance Brokers wants you to understand more about what it means to keep one of your most prized possessions safe from harm.

1) Watch Where You Park

The very nature of a motorcycle makes it prone to theft, especially given just how light they are compared to a normal vehicle. If you park it out of the way, a motivated thief can easily carry it off without having to do much of anything at all.

2) Buy an Anti-Theft Device

Tracking devices may only help so much if the motorcycle has been dismantled, but they do give you (and law enforcement) some leeway. Plus, the very presence of a good anti-theft device can inspire a criminal to just keep moving.

3) Always Lock the Ignition

It might seem obvious, but most thefts occur when the ignition isn’t locked. As convenient as it may seem to just turn it off when you’re popping into a store for a minute, make the extra effort to turn it off so there’s no trouble later on.

A good insurance policy may not be able to prevent theft, but it can help you replace your motorcycle if something does happen to it. Aspen Gold Insurance Brokers is here to help the people of Broomfield, CO stay safe no matter where life happens to take them. Give us a call today if you’re looking for coverage or a quote that will protect the drive.

Read more information on motorcycle insurance.

What Is The Motorcycle Operator Safety Training Program? (MOST)

Motorcycle Insurance

If you plan to ride a motorcycle in or around Broomfield, CO, the Colorado State Patrol offers the Motorcycle Operator Safety Training (MOST) Program to help you get licensed and stay safe on the road. As the most comprehensive motorcycle safety program in the state, insurance agencies such as Aspen Gold Insurance Brokers highly encourage customers to take advantage of this fun and educational program.

MOST Helps You Ride Legally

Successful completion of the Motorcycle Operator Safety Training Program provides students with a license waiver card that allows you to receive your M endorsement on your driver’s license. Many riders find the experience given by the trained professionals in the MOST program is more educational and informative than other motorcycle license preparation courses. MOST helps you bypass taking another testing before you get endorsed. By presenting your completed waiver to the Colorado DMV you can receive your M endorsement with no need to pass a written exam.

MOST Helps You Ride Safely

The safety instruction in this program is so renowned it’s accepted as training for other state’s licensing requirements. We cannot ignore the benefits of proper motorcycle safety: A study in 2015 found 35% of motorcycle fatalities in Colorado involved riders who lacked professional training. The Colorado State Patrol aims to lower accidents like these and those caused by drunken motorcyclists by making MOST a high-quality safety program with outstanding advantages for those who complete it.

Aspen Gold Insurance Brokers encourages anyone with an interest in motorcycling and motorcycle insurance around Colorado to look into CSP’s Motorcycle Operator Safety Training Program to stay safe and legal out on the road.

Motorcycle Insurance Questions You Should be Asking

What motorcycle insurance questions should you be asking an insurance company when looking for the best motorcycle insurance policy for your needs? It is easier as you know the questions you might ask and information to discuss as you contact the company.   Insurance can help the riders feel more comfortable as they load belongings into the cargo compartments.  Another question you might ask the insurance company, What is the coverage for the belongings I take with me on motorcycle trips?  Also, knowing how accessories are covered with insurance is nicer for those customizing their motorcycles.  Some spend significant amounts of money improving their motorcycles and it is helpful to know what is included with insurance.   How does insurance work for the new chrome parts for my motorcycle?  Deterring theft is a consideration for some people and the freedom of riding a motorcycle can be enjoyed more with discussions about insurance.   Is there an insurance discount for any anti theft devices for my motorcycle and what are other ways to deter theft?

Contact Aspen Gold Insurance Brokers to ask your motorcycle insurance questions and get information about insurance, accessories, and preventative measures for protecting belongings carried on the motorcycle.  The trained staff is there to answer your questions and is knowledgeable about insurance for Broomfield, CO.

Feel more confident riding your motorcycle and know what is covered.  Those customizing their motorcycle might know how expensive it is to purchase the parts with labor.   Many experienced motorcycle riders enjoy planning trips and showing others their motorcycles.   Another smart plan is to discuss the details of insurance with a knowledgeable team.   Aspen Gold Insurance Brokers is available to discuss your needs.  You can contact the agency for more information about insurance.   Serving Broomfield, CO, and surrounding Colorado neighborhoods, the experienced staff at the insurance agency can discuss the benefits of motorcycle insurance. Learn more about Motorcycle Insurance.

Does your insurance policy offer motorcycle theft coverage?

Motorcycle Insurance

With its many open spaces and mountain backdrop, Broomfield, CO is a great place for riding a motorcycle. Many people take advantage of the beautiful area, taking in beautiful scenery for both work commutes and recreation and it’s important to know if your insurance policy offers motorcycle theft coverage.

If you own a motorcycle in Colorado, you will need to register your bike and get insurance for the motorcycle. You can find a policy that suits your needs at Aspen Gold Insurance Brokers, either purchasing the minimum policy you can get away with by law or finding a policy that offers more on its return.

Minimum Insurance Requirements

But motorcycles being so valuable and popular, it is important to know whether your policy covers theft. Unless they have extra protection, motorcycles may be stolen quickly once they are parked. If you only purchased a policy that covered the minimum requirements, you may be unprotected in many other areas and this should be addressed immediately.

The insurance policy you are required to have by law is for liability. You need to have at least the minimum amounts of coverage for both bodily injury and property damage. That way if you collide with a person or vehicle your insurance can help pay for the damages.

Comprehensive Insurance Policy For Motorcycle Theft Coverage

In order to protect your asset from more dangers, you will need a comprehensive policy. The comprehensive policy covers everything from weather to theft to accidents that don’t involve a collision.

Standard comprehensive coverage will only insure up to the value of the bike, with standard parts, but you can ask about additional coverages for accessories and special parts.

Riding a motorcycle in Broomfield, CO is fun and exciting, but you don’t want to be unprotected. Call Aspen Gold Insurance Brokers today to discuss your current coverage and get a free quote.

What Is The Difference Between A Universal Helmet Law and a Partial Helmet Law?

Helmet Laws in Colorado

There are only three states in the country with no type of helmet law in place. Colorado has a partial helmet law in place compared to other states who have a stricter universal law. If you live in Colorado and are unsure of what is included in the state’s partial law, the agents at Aspen Gold Insurance Brokers can fill you in.

Universal Helmet Laws

A universal law requires every motorcycle rider to wear a helmet while they are on public roadways. Your age and skill level are not determining factors. To ride legally in a state that has a universal helmet law, you must have a helmet that is DOT approved. There are 19 states that require all motorcycle riders to wear a helmet that meets DOT standards.

Partial Helmet Laws

Colorado is one of 28 states that require only certain riders to wear helmets. Passengers under the age of 18 and those who are still riding on a learner’s permit must wear a DOT approved helmet at all times while riding their motorcycles on public roads. If you are unsure if your helmet is DOT approved, all you have to do is look at the back. DOT approved helmets will have a DOT “Certified” sticker centered on the back.

The agents at Aspen Gold Insurance Brokers know the laws when it comes to helmet use in Colorado. If you have any questions concerning your motorcycle policy or need information about local laws pertaining to helmets and other safety requirements, contact the office today. The agents will answer your questions and make sure you have all of the information you need.

What is Included in a Motorcycle Insurance Policy?

Motorcycle Insurance Policy

Spending a nice afternoon on a long motorcycle ride can be fun and exciting.  While a motorcycle is a lot of fun to ride, it is also an expensive asset that needs to be properly covered by insurance.  For those that are in Colorado, having a full motorcycle insurance policy can be a great option.  A motorcycle insurance policy will provide you with several different types of coverage.

Motorcycle Insurance Policy & Liability Coverage

The first type of coverage that will be included in your motorcycle insurance policy is liability insurance coverage. Liability coverage will provide you with financial coverage in the event you are found liable in an accident.  In the state of Colorado, you are required to have minimum motorcycle liability coverage of $15,000 per accident in property damage and $25,000 per person and $50,000 per accident in bodily injury coverage. Liability coverage will only provide coverage for the other party’s expenses.

Collision and Comprehensive Coverage

When you own a motorcycle, it is also likely a good idea for you to have collision and comprehensive insurance coverage. Collision and comprehensive insurance coverage will provide you with coverage in the event you are in an accident with an uninsured driver, if your vehicle is stolen or damaged by storm, or if you are in an accident involving an animal.  In many cases, having collision and comprehensive coverage will be a requirement of a lender if you have a loan on your motorcycle.

For those that are in the Broomfield, CO area and are in need of a motorcycle insurance policy, contacting Aspen Gold Insurance Brokers could be a great option.  Aspen Gold Insurance Brokers can help you to better understand your insurance needs and help you to get into a great policy today.

To read more about motorcycle insurance information, see our other blogs on motorcycle insurance policies.

Coverage Options for Colorado Motorcycle Insurance

Colorado Motorcycle Insurance

While Colorado riders are required to have Colorado motorcycle insurance, it may be advisable to get additional coverage so you can be protected from any losses that the minimums won’t be able to help you with. Many things can happen while you’re on the road, but liability coverage can only get you so far. Any additional amounts that are left over after the minimum amounts will be your responsibility if you’re at fault, and it could result in severe financial and even legal liabilities. That’s why you should look into some additional coverage for your motorcycle insurance policy.

Additional Coverage Available for Colorado Riders

There are several options for Colorado riders who want to purchase additional coverage, and some of them may include:

• Collision Coverage – Covers your bike if it was involved in an accident regardless of the circumstances, but it may not necessarily cover any losses from an uninsured or underinsured motorist.

• Uninsured/Underinsured Motorist Coverage – Covers your bike if you were in an accident that involves an uninsured or underinsured motorist who was at fault.

• Comprehensive Coverage – Covers your bike from any losses that resulted from any damage that has been caused by a fire, water, or vandalism. It can even cover your bike if it has been stolen.

• Bodily Injury Coverage – Covers any costs associated with bodily injury related to an accident for which you’re at fault, and it will cover any passenger who rides on your bike.

• Medical Payments Coverage – Covers any medical costs and funeral expenses associated with an accident for which you’re at fault.

If you want to find out more information about what’s available in the State of Colorado, be sure to speak to an agent about your specific needs.

Finding the Best Motorcycle Insurance Policy in Broomfield, CO

If you want to find the best Colorado motorcycle insurance policy in Broomfield, CO, you should get a hold of Aspen Gold Insurance Brokers. We have a team of expert agents who can help you get the coverage you need, and we’ll be able to find a policy that you can afford. Be sure to get in touch with Aspen Gold Insurance Brokers in Broomfield, CO today!