What is motorcycle insurance?
Motorcycle enthusiasts love the thrill of the open road. As fun as motorcycling is, it is not without its risks. There are unique risks involving motorcycles and accidents can be very serious. This is why it is important to have the proper protection against losses caused by physical injuries, property damage and more through a motorcycle insurance policy. You need a company that understands the unique risks of motorcycle accidents. To help, we put together some of the best motorcycle insurance policies currently on the market.
Top Motorcycle Insurance Companies In Your Area.
Motorcycle insurance provides financial protection to the owner in the event of an accident, a theft, loss, or damage of their motorcycle. It also provides liability coverage if the insured is responsible for another person’s injuries or damage is done to other property.
What does motorcycle insurance cover?
While motorcycle insurance is customizable, the standard policy usually covers a portion of the cost to repair or replace your motorcycle if it was damaged as a result of an accident. It will also provide payouts to help offset costs if another person is injured or their property is damaged as a result of an accident and the insured was at fault. It can also cover legal fees and liability claims if the insured is taken to court over a motorcycle accident.
Some other coverage offered for motorcycle insurance plans include:
– Full replacement cost of the motorcycle if it is totaled in an accident.
– Medical coverage if you require medical care or hospitalization as a result of an accident.
– Comprehensive coverage to pay for damages done other than via collision such as weather damage and motorcycle theft.
– Uninsured/Underinsured motorist coverage.
– Loss or damage to motorcycle gear and apparel such as helmets, sidecars, etc.
How much motorcycle insurance do I need?
It varies from person to person. If you ride your motorcycle often, you’ll probably want more coverage than if you just take it out for the occasional joy ride. It also depends on how much your motorcycle and its amenities are worth.