Safety is imperative when it comes to riding motorcycles, as motorcyclists face higher risks of not only getting into accidents but being injured in an accident, than those who drive cars. Therefore, it is important to have a motorcycle insurance policy that protects motorcyclists in the event of a serious accident. There are many common motorcycle insurance coverages that help to provide a protective motorcycle insurance policy, though not all are provided at every insurance company or in some cases, not in every state. The Department of Motor Vehicles (DMV) mentions the following motorcycle insurance coverages;
- Bodily injury liability
- Property damage liability
- Comprehensive – covers damages not caused in an accident (ex: fire, theft, vandalism)
- Medical payments
- Personal Injury Protection (PIP)
- Uninsured/underinsured motorists
- Motorcycle roadside assistance
- Accessory coverage – covers equipment and accessories
Although it is not necessary to obtain all of the possible motorcycle insurance coverages, some are more essential than others. For example, if your motorcycle has customized parts and accessories, it is wise to obtain accessory coverage. Also, collision coverage is suggested if the bike is worth more than the likely cost of repairs. Other coverages, such as bodily injury, property damage, PIP and uninsured/underinsured motorists are either required by states or suggested, particularly due to the amount of medical and property damages one could acquire while riding a motorcycle.
Do you own a motorcycle? Have you had experience with motorcycle insurance policy not covering certain aspects after a motorcycle accident? If so, please leave a comment on our Facebook page. We look forward to hearing from you.