In Kansas, drivers are required to establish their financial responsibility in one of two ways. They can acquire the minimum valuations for liability coverage or they can choose to become self-insured. Becoming self-insured requires them to purchase a bond for the total amount of the liability policy or create a savings account with the Kansas Department of Motor Vehicles in their resident county. If you wish to acquire Motorcycle Insurance Wichita KS today, you should contact Andy Woodward Insurance Agency for further details.
Insurance Requirements
The minimum valuations for motorcycle coverage are $25,000 per individual injured in an accident with a maximum of $50,000. The policy should include $10,000 for property damage, which includes the vehicles involved in the accident and any additional property that was damaged such as fencing, buildings, or other exterior fixtures.
Financed Motorcycles
All motorcycles that are financed require full coverage insurance. This protects the investment of the finance company. It will also provide replacement funding in the event of a total loss based on the total value of the motorcycle. Any failure to comply with this requirement can result in a fine by the DMV and repossession by your lender, as this insurance coverage is a term of your automobile loan.
Registering a New Motorcycle
At any time that you register a new motorcycle or renew your automobile tag, you are required to present current proof of insurance. If you fail to provide proof the DMV cannot complete your registration or provide you with a tag renewal. New insurance requirements stipulate that the DMV should have a current copy of your insurance policy on file each year. The reason for this is that the system reviews this information to determine whether or not all drivers are complying with Motorcycle Insurance Wichita KS requirements. This system can submit notifications of non-compliance and issues citations.
A review of your insurance opportunities determines the amount of coverage available to you. It also presents you with information such as the premiums you would pay for varying levels of coverage. If you wish to evaluate all options available to you, submit a request for a free insurance quote today.
