InsuranceActs

Reasons for Getting Motorcycle Insurance

Did you know that a motorcycle accident that causes serious bodily injury occurs every 14 seconds in the U.S.? Many factors have led to such bad results: the repeal of helmet laws in some states, the failure of other motorists to detect and recognize motorcycles in traffic, the increased popularity of high performance bikes, etc. The best way to protect yourself from dangerous situations that may happen to you on the road is buying a motorcycle insurance policy.

What Motorcycle Insurance Covers

In many states you are required to carry a minimum amount of liability coverage. If you want you may add some coverages, such as comprehensive coverage, uninsured/underinsured motorist coverage, collision coverage. Choosing a motorcycle insurance policy you can make an educated decision only if you know what type of protection each of coverage provides.

Motorcycle Liability Insurance

Bodily injury and property damage caused by you to other people in an accident are covered by liability insurance. But pay attention, that such kind of coverage doesn’t cover you or your bike. For providing protection your passenger there is guest passenger liability coverage, which is included in some policies.

Motorcycle Collision Insurance

Motorcycle Collision Insurance pays for damage to your motorcycle, except your deductible. This coverage still applies even if the damage is your fault. Before the accident occurred collision insurance typically covers the book value of the motorcycle.

Uninsured/Underinsured Motorist Coverage

If you are involved in an accident caused by another driver, and this driver doesn’t have insurance or has inadequate insurance coverage to pay for the damages inflicted upon you and your bike uninsured/underinsured motorist coverage will protect you. Such provisional coverage will help with paying lost wages, medical treatment and other damages to you and your passengers.

Comprehensive Motorcycle Insurance

If you want your bike to be protected from non-accident related perils, including fire, theft and acts of vandalism you need comprehensive motorcycle insurance.  In case of collision the insurance company will pay for damages after you meet your deductible, and will only cover the book value of your bike. You may want to get additional or optional equipment coverage if you add any additional accessories to your ride (chrome parts, custom paint job, sidecars, etc.).