The Benefits of PH Insurance Motorcycle

Buying PH insurance motorcycle is very important if you just bought a brand new motorcycle. Since a motorcycle costs a significant amount of money, it is important to protect the investment you made into it with insurance. The following are some of the important benefits of having motorcycle insurance.

First of all, with this insurance, you will have coverage in the event of a collision. Considering that the average cost of a new motorbike is over $10,000, having a motorcycle insurance policy in place can prevent you from struggling with financial problems in case your motorcycle sustains severe damage.

Another benefit of having PH insurance motorcycle is that you will have coverage for damage that does not result from a collision. Referred to as comprehensive coverage, this type of coverage will reimburse you for other types of damage your motorbike can sustain, such as damage resulting from theft, fire and vandalism. Even though motorcycle theft has been on the decline in the Philippines in recent years, there are still a lot of motorcycles that are stolen each year. For this reason, having comprehensive coverage that you will find under your motorcycle policy can prove to be extremely beneficial.

Last but not least, you will have liability protection when you purchase PH insurance motorcycle. In case you collide with another driver and are deemed responsible for their bodily injury or property damage, the liability coverage under your motorbike insurance policy will trigger. You will not have to pay for the  medical bills or the cost of replacing the damaged property using your own money. This can be a huge relief if you get involved in an accident at a time when your bank account is quite low.

For more information on the benefits of PH insurance motorcycle, visit our website at https://ichoose.ph/blogs/ichoose-ph-motorcycle-insurance/