I know I probably sound really stupid and ignorant for asking this, but could someone please explain all the different options offered when insuring a bike? Like... liability, collision, comprehensive... etc., and if they are REALLY necessary when insuring a bike.
Would declaring the bike at a lower value bring the price down? How much of a difference does it make if I say it's for "pleasure" or as a daily commuter? Obviously I know you're at a higher risk if you're on the road more, but how much more is the rate?
Thanks in advance to everyone who helps me out. I know there's a gazillion threads on insurance, but I don't wanna waste a gazillion hours going through all of them.