Motorcycle Rental Insurance

I am opening a motorcycle rental business. I need someone to insure my motorcycle when they are hired. I am in MD. It is a relatively new industry. Insurance companies that I can find require you to join an association and the association needs to use their software liscensing $ 15,000. I'm not even sure if this is legal, but in the meantime I need insurance!

State Farm and Allstate does not write in MD. Call an independent agent in your directory and see if they can help you.

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Try State Farm, or farmers or any other major name. You'll have to speak directly with an agent, because they do not often online advertising these things. They should be able to find something, and if not, go to a broker. A broker a bit more expensive to use but they are not bound to the same company, so they have access to more insurance options. Believe me, you can have all assured (I heard an actress who insured her legs, and there is a special insurance for circus elephants and everything else!)

You mean physical damage? Is not going to happen. Even car rental car seats ensure accountability and physical damage. Motorcycle physical damage, well, let's just say that no matter how much they charge, the rate of loss is very likely to be 400%.

If you talk about liability coverage, it should be easier, as long as you can make the responsibility of the First Motorcycle Rider, and make sure they have liability insurance motorcycle first.

Of course, you're probably dealing with a group of uninsured people, and combining the high likelihood of injury to riders with a high risk of accidents, it will cost Big Buck.

I guess, five or more 400cc, leased 50% of the time you need to easily run from $ 100,000 in liability insurance, if you only rent for people over 25.

But you'll need an agent to bring this to an offer for you - probably not a small independent agent, but a bigger house. And it will end in the market surplus.

Your association could be a really cheap deal.

If you came to ask me a quote, I charge you $ 1,000 fee brokers to quote, refunded if you bought the policy to me. Because it will be difficult to place, and take much of my time and negotiation skills, and I do not really think it would come at a price you buy it from me to the end.