Motorcycle Insurance: Find Out What's Really Covered

The amount of coverage received through a motorcycle insurance policy really depends on how much money you’re able or willing to spend. You can get coverage for just about anything, if you’re willing to put up the cash. Let’s take a look at the various types of coverage.

Protect Yourself, Passengers, and Other Drivers

You should get coverage for people before purchasing coverage for your vehicle. Be sure to have at least one of the following in your motorcycle insurance policy.
  • Liability: If you are involved in an accident that is your fault, liability insurance protects the other driver(s) involved. It includes both bodily injury and property damage. If the incident goes to trial, court fees are sometimes covered under liability insurance. Many states require motorcyclists to have liability as part of their motorcycle insurance policy.
  • Guest Passenger Liability: If you are carrying a passenger when involved in an accident that is your fault, Guest Passenger Liability covers any bodily injuries to your passenger.
  • Uninsured Motorist: If you are involved in an accident with an uninsured (or underinsured) motorist, this type of insurance coverage pays for damages that he or she cannot pay.
  • Medical: If you are involved in an accident, this type of coverage pays for any necessary medical treatment for yourself or another injured person.
Protect Your Motorcycle

Protecting your motorcycle is another valuable part of any motorcycle insurance policy. Most people have at least collision coverage, but there are several other options worthy of consideration.
  • Collision: This coverage pays for motorcycle repairs or replacements in the event of an accident. To drastically lower your monthly premium, you can opt to raise your deductible (the amount you pay out-of-pocket before insurance pays the remaining balance). Keeping a low deductible will help you if you’re ever involved in an accident, but it may cost you lots of money in the long-run.
  • Comprehensive: This motorcycle insurance coverage includes non-collision damages to your motorcycle, such as fire, theft, vandalism, and storm damage.
  • Custom Equipment: If you have a custom-built motorcycle, Custom Equipment coverage will pay for any custom (non-standard) parts or equipment in the event of an accident or other damage.
  • Roadside Assistance: This coverage pays towing expenses in the event of a flat tire, lock out, mechanical breakdown, dead battery, or other mishap.
  • Rental: If you ever need to rent another motorcycle while yours is in the shop for repairs, Rental insurance covers the rental expenses (up to the limit deemed in your policy).
The more you know about coverage options, the better you can tailor your motorcycle insurance policy to fit your lifestyle. Ask your insurance agent any questions you have about their coverage terms and options; be sure that what they say is covered is actually covered in your policy.

 
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