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Motorcycle Insurance

Motorcycle insurance will provide you with financial protection if a motorcycle accident occurs or if the bike is stolen or damaged. This type of insurance also includes liability coverage for when you are responsible for someone else’s property damage or injuries.

Who Is Motorcycle Insurance For?

Anyone that rides a motorcycle should have insurance. In fact, most U.S. states require this type of coverage. Even if the state you live in does not require insurance, you should still invest in a policy. It will protect you from incurring large expenses that could be devastating financially.

How It Works

It may take care of expenses resulting from damage you have caused to other people’s property. It may also cover a portion of the legal costs when someone files a lawsuit against you, and depending on how much coverage you have, it may take care of you and your passenger’s medical costs after an accident.

Different Types of Coverage in Existence

If an injured party decides to file a lawsuit, liability coverage will take care of part of the legal costs. If another driver causes an accident and they don’t have adequate insurance, uninsured or underinsured insurance will cover related expenses. Comprehensive insurance covers losses that are not the result of a collision. This means that if your bike is stolen or parts are taken from it, you’ll be able to file a claim for compensation.

Major Benefits

The biggest benefit from having insurance is that you will know you are obeying the law. You can also rest assured that your financial stability won’t be harmed due to an accident, and you’ll receive medical coverage. In addition, it will help pay for repairs to your bike after a collision. Certain policies will even protect you against vandalism, theft, and other non-crash related issues such as natural disasters. Best of all, you can get roadside assistance with some insurance companies, and they may offer coverage for safety apparel and custom accessories.

Exploring the Benefits of Motorcycle Insurance

Good motorcycle insurance is designed to, obviously, financially protect motorcyclists from a myriad of perils and risks. Coverage can be extended to a wide range of vehicle types, from the standard motorcycle and street bikes to mopeds and for the more exotic, like motocross and so on. Owners of motorcycles who take advantage of this coverage can also substantially safeguard themselves from liability vulnerability, whether it be in the case of accidents or from the consequences of theft, vandalism and other kinds of perils.

Legality Details
Virtually all states require that all owners obtain insurance for motorcycles in order to be registered and legal for street-riding. Minimum coverage standards vary state to state, but coverage for bodily injury and property damage is generally mandated to purchase.

What’s Covered
Usually, this type of coverage will pay for some or all of the costs of repairing or replacing a damaged motorcycle. It will also financially protect you should there be damage done to another driver or his or her property. This coverage can also assist you with legal expenses associated with accidents and loss.
There is a range of types of motorcycle coverage including liability, collision, comprehensive and medical payment coverage.
Liability safeguards the policyholder should he or she be deemed at fault in an accident. In such a case, liability compensates for damages to another individual (physical, bodily damage) or property.
Collision coverage compensates for the costs of repair or replacement of your motorcycle, regardless of who might be responsible. Even if the other driver is determined at fault, your insurance provider will normally pay to replace or repair your bike quickly and then seek repayment from the other party.
Comprehensive is what pays a policyholder for losses to a motorcycle that come from all causes except from a road accident. This would include severe weather damage, vandalism, theft, and other kinds of loss.

Though motorcycle insurance is often mandated by law, it is important to carry this coverage to protect your bike and yourself financially should the unexpected ever happen.