Do You really Need to Insure Your Scooter or Moped?

March 7, 2017

There is a better than average chance that if the only mode of transportation you have to rely on is a scooter or moped, you are trying to conserve as much money as possible. If that is the case, is it really necessary for you to insure either one of these items? The answer is a resounding yes. A lot of people have the misconception that they really don’t have to worry about insuring a scooter or moped because they didn’t spend all that much on them, at least not when you compared to a full size automobile. If they are trying to save money, they might think that they are merely throwing money away by getting an insurance policy. However, nothing could be further from the truth. We spoke to One Sure Insurance to find out the reasons why buying an insurance policy for your moped is key. Keep reading to find out why.

The first thing you have to consider is the reason that you have insurance on anything in the first place. When it comes to ensuring any type of vehicular transportation, you want to be sure that if something happens to it, you can replace it without being out of pocket for purchasing yet another vehicle, whatever that specific type of vehicle might be. In other words, if an accident, a theft, or a storm takes away your scooter or moped, are you going to be able to replace it by spending money out of your own pocket in order to do so? For most people, this is virtually impossible.

While this is a very important reason to get insurance, it is definitely not the only reason. You also have to have insurance in order to cover you if you cause an accident that destroys someone else’s property or worse yet, causes them bodily injury. Otherwise, you are going to be responsible for paying for that property or those medical bills in their entirety and you will have to do it out of your own pocket. This is more than just about anybody is capable of affording, so the insurance policy is actually designed to protect you in the event that such a thing does occur. By the same token, it also protects your financial well-being if you are injured in an accident and you have medical bills of your own.

Now that you better understand the reason for getting an insurance policy, you can see that it doesn’t matter if you are driving a scooter, a moped, or a one hundred thousand dollar sports car. You need a comprehensive insurance policy regardless of the type of transportation you choose to own. The best thing you can do is find a company that you know you can trust and then work closely with an insurance agent in order to find a policy that is both affordable and effective. The good news is that you don’t have to go broke because of insurance premiums. Typically, you can find something that works very well for you and keeps you protected at the same time. This is a far better option than choosing not to get insurance at all and then having something go wrong when you can least afford it.