Motorcycles are truly for the experience of the ride.
Even if you have been riding a bike for years, it’s a good idea to be ready for the unexpected. An accident on a motorcycle can lead to large costs that can be hard to recover from.
Choosing the right insurance coverage is much like choosing the right bike, you want it to fit your needs and lifestyle. The key to finding which coverage is best for you involves learning about all the options available.
Liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident. It doesn’t cover you or your motorcycle. Find out if your coverage includes guest passenger liability, which provides protection in the event that a passenger is injured on the motorcycle. Whether or not this is included depends on the laws of your state and the company issuing the policy.
Comprehensive coverage pays for damages caused by an event other than a collision, such as fire, theft, or vandalism. However, just like collision coverage, your insurance company will pay for damages, minus your deductible, and cover only the book value of the motorcycle.
Keep in mind most comprehensive and collision coverages will only cover the factory standard parts on your bike. If you decide to add on any additional optional accessories such as chrome parts, a custom paint job, trailers, or sidecars, you need to look into obtaining additional equipment coverage.
Collision insurance covers damage to your motorcycle if you are involved in an accident. Your insurance company pays for damages, minus your deductible, caused when you collide with another vehicle or object. Collision insurance usually covers the book value of the motorcycle before the loss occurred.
Uninsured motorist coverage pays for medical treatment, lost wages, and other damages if a driver who has no insurance hits you. If your uninsured motorist coverage includes property damage, then your motorcycle would also be covered under the same circumstances. Check with our staff to see if property damage is included or needs to be purchased separately.
Underinsured motorist coverage is similar to uninsured motorist coverage, except it applies when the other party has lower coverage limits than you do and damages exceed the other party’s limits.
In most cases your passenger is covered under the included guest passenger liability insurance. The limits of coverage for your passenger are the same as your chosen bodily injury liability limits. Be sure to check with one of our staff for specifics that apply to your policy.
Other drivers are covered, as long as the operator of the motorcycle has the proper motorcycle endorsement on their license and has your permission to operate the motorcycle.
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