If like me you want to travel the world on your V Strom ( I am currently doing it), you will need to insure it. I made the mistake of paying insurance in the U.K. for the 3 months I expected to be in North America/Canada. It cost me £900+
I had to extend it while I was in the US and it cost me £30 a month!
The thing is they need a US address to mail paperwork to, so discuss this with a friendly shop or hotel you intend to use. Buying local in New Zealnd and Australia cost about the same.