If you are a motorcyclist, you know that having the right insurance coverage is essential for protecting yourself and your bike. But with all the different types of motorcycle insurance coverage available, it can be hard to know what type of coverage is right for you. In this blog post, we’ll go over the different types of motorcycle coverage so that you can make an informed decision when selecting a policy.
Liability Coverage
Liability coverage helps pay for another person’s medical expenses if you cause an accident while riding your motorcycle. It also covers any property damage that occurs as a result of the accident. This is mandatory in most states, and it’s a good idea to have at least enough liability coverage to cover your assets in case someone is suing after an accident.
Collision and Comprehensive Coverage
Collision and comprehensive coverages help pay for damages caused by an accident or other covered incidents (such as theft). Comprehensive coverage helps pay for any non-accident related damages (like hail damage or theft). Collision coverage will help you pay for repairs to your bike if it’s damaged in an accident. Both coverages are optional but highly recommended because they can save you money on out-of-pocket repair costs if something happens to your bike.
Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist (UM/UIM) coverage is important because it protects you if someone without insurance causes an accident while riding their motorcycle. It also provides protection if someone hits your bike but doesn’t have enough insurance to cover the full cost of damages. This type of coverage is not required in most states, but it’s definitely worth considering if you want extra protection against uninsured drivers on the road.
Motorcycle insurance is essential for protecting yourself and your bike on the roads. While there are a lot of different types of motorcycle insurance out there, understanding each type can help make sure that you get the right kind of policy for your needs. Make sure to do research on all the different types before selecting a policy so that you can find one that fits both your budget and your needs as a motorcyclist!
Not sure about your legal options? Our team can listen to your story and let you know what your options may be. There’s no cost to speak with us, and we’re available 24/7.
