Motorcycle insurance is designed to provide financial protection in the event of a motorcycle accident. It covers you if you are found legally responsible for another person's injuries or property damage and can also protect you from theft, vandalism, and other damages that may occur to your bike.
Here are three types of coverage that are often overlooked but may be important to consider when shopping for motorcycle insurance.
Liability coverage is one of the most important types of motorcycle insurance coverage. Liability covers any legal costs that may be associated with an accident that is your fault up to the limits set by your policy. This limit is set based on your motorcycle's value, so make sure you're aware of this when you're shopping for insurance.
The coverage limits typically include bodily injury and property damage costs that may arise due to an accident you may have caused. If you are found responsible for an accident, this coverage helps ensure you are not left with a large financial burden.
Collision coverage pays for repairs or replacements for damages caused by collisions with other vehicles or objects on the road, such as guardrails or trees. Motorcycles are particularly vulnerable to damage because they are relatively small and light, so it's important to have this cover as soon as possible.
Collision coverage also applies to single-vehicle accidents, such as when you lay down your bike while taking a corner too quickly or hit a deer while riding through a rural area. The coverage can also cover any additional costs associated with the repair or replacement of your motorcycle, such as towing and storage fees.
Collision coverage also comes with a deductible, which is the amount you will need to pay out-of-pocket before your insurer can take care of the rest of the costs associated with repairs or replacement.
Comprehensive coverage pays for damages to your motorcycle beyond accidental damage. It includes theft, vandalism, fire, flooding, and other natural disasters. This coverage is often overlooked, but it can be invaluable if your bike is stolen or damaged due to any of these events.
Comprehensive coverage also typically includes roadside assistance, which can come in handy if you ever find yourself stranded on the side of the road with a flat tire or another issue. It can also provide coverage for medical costs if you are injured in an accident up to the limits of your policy.
Motorcycle insurance is essential for anyone who rides a bike regularly. It provides financial protection should anything go wrong on the road. Make sure you research each type of cover thoroughly as you come to an agreement with your insurer on the coverage you feel would suit you best.
Contact a motorcycle insurance agency to learn more.Share