If you drive a motorcycle you know insurance essential in case of accident or injury. Just as with any other motor vehicle there are risks because of other drivers. Insurance is one way to be prepared.
What Is It
Motorcycle insurance provides coverage in the event of an accident, damage to your motorcycle, or theft.
Who Needs It
Anyone who drives a motorcycle needs to keep insurance just as they would while operating any other vehicle. The law requires maintaining insurance, and having it at all times.
What Does It Do
Depending on the plans you select, insurance covers personal injuries to your passengers or to someone else involved in the collision if it is determined to be your fault, damage to the motorcycle in a collision, coverage in case the other party is uninsured or underinsured and coverage for other things like theft, vandalism or hitting a deer.
Types of Coverage
The most important type of optional coverage is for collision, but there are several other options as well.
Liability – Mandated coverage for damage or injury to others if you are at fault in the accident.
Collision – Covers damages to your motorcycle, whether you are at fault for an accident or not.
Comprehensive – Provides coverage for non-collision damages to your motorcycle, such as in the event of a fire, hitting a deer, vandalism, fire etc.
Uninsured Property Damage – This coverage is in case the other party in an accident is deemed at fault but does not have insurance or is under-insured. This insurance pays your medical bills, lost wages and more. You can also add additional property damage coverage to this type.
In the event of an accident, regardless of who is at fault, there will be major expenses. Having the minimum liability motorcycle insurance ensures you will not have additional tickets or payments to the other party if you are at fault. Additional types of insurance protect you & help pay for your expenses.