Motorcycle Insurance: Coverage You Should Know

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There is a tendency to not look at motorcycle insurance as closely as private passenger vehicles. It is assumed the risk is more self-imposed on the driver than those around them. That is not necessarily so. Motorcycle claims can be just as significant as any private passenger vehicle, if not more. Having the right coverage is crucial.

Motorcycle Insurance: Coverage You Should Know

Coverage Options

Coverage options for motorcycle insurance policies are very similar to private passenger vehicles because a smaller vehicle does not necessarily equate to a lesser risk.

  • Bodily injury liability. Provides coverage for injury to another person or persons for which you are held responsible due to an at-fault accident. This coverage is often mandated by state law at a set minimum amount. Just because a coverage limit meets the law requirement does not negate your responsibility for the full amount of the damages, even if they exceed your coverage amount. This is why it’s important to discuss your particular needs with your agent.
  • Property damage liability. This does not refer to damage to your property but to the property of others that you are held accountable for. Vehicles, homes, storefronts, mailboxes, or other structures all fall into this category. This is often a required minimum coverage, depending on your state’s laws, and may or may not be adequate protection at those minimum limits.
  • Medical payments. This coverage takes care of medical expenses for you and your passengers in the event of an accident. You choose the limit for this coverage. Medical payments are meant to supplement your personal medical coverage, not replace it. The risk of injury while driving or riding on a motorcycle is significantly greater than that of a private passenger. Therefore, it may be a more costly percentage of your premium.
  • Personal injury protection. Provides reimbursement for certain expenses, such as lost income, funeral expenses, and child care if you’re injured in an accident.
  • Comprehensive coverage. Covers damage to your motorcycle from the types of risks that aren’t a collision, such as wind, hail, flooding, glass breakage, and vandalism. While you don’t choose a coverage amount, you do choose a deductible.
  • Collision coverage. This coverage is most well known and provides for repair or replacement of your motorcycle when damaged in an accident, subject to your deductible.
  • Uninsured/underinsured motorist bodily injury. Protection for you when another driver is either uninsured or not insured and causes injury to you or your passenger. This is another coverage that may be subject to mandatory state coverage minimums.
  • Additional coverage. Other coverages available to you for your convenience are towing and labor, rental reimbursement, and lease/loan gap coverage.

With so many coverage options for such an important decision, Joe Hancock and his team are here for you to walk you through each coverage, its available limits and deductibles, and what that means for you.

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