04 Mar It’s Time to Ride!
If you have just purchased a motorcycle or have owned one for a while, you may have several questions. Do you wonder what motorcycle insurance will cover, and what financial risks you face in the event of an accident?
A standard motorcycle insurance policy will cover some portion of the costs associated with damage to your bike. It will also provide compensation if you cause harm another person or their property or have legal fees to pay an accident.
Known as “bodily injury and property damage liability,” your motorcycle liability insurance covers the cost of liability claims and legal fees, up to the limits of your policy, if are at fault in an accident.
You can customize your policy to cover the following:
• Full replacement cost of your bike if it is totaled.
• Comprehensive coverage, which will pay for loss or damage due to causes “other than collision.” This includes hail and other weather damage, damage from animals, and most importantly motorcycle theft.
• Medical payments if you require hospitalization or medical care.
• Uninsured/underinsured motorists’ coverage, in the event that another driver is at fault in an accident and does not have adequate insurance to pay your costs.
• Damage or loss to your gear and upgrades, such as transport trailers, sidecars, custom exhaust equipment, and safety apparel like chaps and helmets
When you choose what you want your motorcycle insurance to cover, find a balance between protecting yourself against the risks you face and what you can budget for coverage. The good news is that there are many ways to save on your motorcycle insurance if you are a safe rider with a good driving record.
The best place to buy motorcycle insurance is from a local, independent insurance agent who knows your area, the requirements of your state, and your specific needs. The VanDyke Group can help compare motorcycle insurance quotes and options and customize a policy with the coverage you want, at a price that matches your budget.
Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your medical professional or legal representative for information specific to your needs.