Have you ever dreamt of riding down the highway with the wind in your hair? Before you get on your bike, one important thing you have to do is get your motorcycle insurance cover.
This guide will break down everything you need to know. From how motorcycle insurance works, to what does motorcycle insurance cover?. If you are a motorcycle owner, you’d find this helpful.
How does motorcycle insurance work?
Riding the open avenue on a bike is an interesting experience. But one important thing is making certain you’re well protected before you feel the wind in your hair.
Like vehicle coverage, bike insurance acts as your financial defence from surprising injuries. Standard regulations regularly consist of liability coverage. This acts as a protection net for anyone on the street.
Other insurance options include comprehensive insurance (robbery, fireplace, and so on.). There’s also collision coverage which covers your motorbike in an accident to provide extra safety to your bike. If you’re a proud owner of numerous bikes, combining your costs underneath a couple of bikes’ policies can help you save cash.
While your legal responsibility coverage can provide some protection, it’s crucial to verify the specifics along with your company to keep away from any surprises.
By knowing the full details of your insurance options and its limitations, you can pick insurance that provides you with self assurance.
What does motorcycle insurance cover?
Motorcycle insurance protects you financially in case of accidents or other motorcycle-related accidents. Here’s a breakdown of the main types of coverage:
Liability Coverage:
Almost everywhere, you’ll need liability insurance. This helps pay for injuries or damage you cause to others. It doesn’t cover the damages on your own bike or injuries if you’re at fault in an accident.
Liability insurance is further broken into two parts. They include:
- Bodily injury liability: It covers medical bills and other costs if you injure someone else in an accident.
- Property damage liability: It pays to repair or replace someone else’s property (like another bike/car) if you are the cause of whatever damage it incur.
Optional Coverage:
- Collision coverage: Pays to fix or replace your bike (up to its actual value, minus a deductible). It covers your repair if you hit another bike, car, or something like a fence.
- Comprehensive coverage: Covers things like theft, fire, hail, or vandalism. It also covers certain accidents not involving another car (e.g., hitting a deer). It also helps pay for repairs or replacing your car. This could be up to its actual value, minus a deductible.
- Medical payments: Helps pay for medical bills for you and your passengers if you’re injured in an accident, regardless of fault.
- Uninsured/Underinsured motorcyclist: Helps pay for your medical bills. In some states, it sometimes involves car repairs under some conditions. For example, if you’re hit by a driver with no insurance (uninsured) or not enough insurance (underinsured) to cover your costs.
What does motorcycle insurance not cover?
Motorcycle insurance is a must have by every motorcyclist. But while you are excited by what it has to do, you might want to pay special attention to instances it won’t serve you.
- Normal wear and tear: Dents and scratches from everyday driving or mechanical breakdowns aren’t covered.
- Intentional damage: If you deliberately damage your own motorcycle, insurance won’t pay for repairs.
- Driving under the influence (DUI): Accidents caused by drunk or drugged driving are usually excluded.
- Racing or other risky activities: Using your motorcycle for racing or other high-risk activities might void your coverage.
- Personal belongings: If your laptop or other valuables get stolen from your motorcycle, that’s usually not covered by motorcycle insurance.
- Tickets and fines: Parking tickets, speeding fines, and other traffic violations are your responsibility.
- Certain modifications: Extensive motorcycle modifications might require additional coverage or even void your existing policy.
How to choose the right motorcycle insurance coverage
The ideal motorcycle insurance coverage depends on several factors:
- The value of your motorcycle: A brand new, high-end motorcycle might require more comprehensive protection compared to a trusty, older model.
- Your risk tolerance: How comfortable are you financially covering repairs or replacing your motorcycle in case of an accident? Opting for collision and comprehensive coverage reduces your financial burden in such situations.
- Your riding habits: Do you plan on riding your motorcycle year-round or just occasionally during the summer months? Seasonal coverage plans can be an option if you don’t ride frequently.
Conclusion
Cruising down the highway on a motorcycle is an experience unlike any other. Before you take your motorcycle out for a drive, be sure it’s insured.
By now, you must have an answer to What does motorcycle insurance cover? This guide is equipped with the knowledge to understand motorcycle insurance.
Now, go and get your motorcycle insurance.