Motorcycle Insurance

Motorcycle Insurance is probably the best way to protect you from the devastating financial losses that can occur as the result of an accident. Injuries resulting from motorcycle accidents are notoriously bad. As motorcycles offer little to no protection in a collision, bike drivers and riders who are lucky enough to survive these collisions are often saddled with huge medical bills. Add to this the amount of time that they are unable to work, and there is clearly a recipe for financial disaster.

There are many types of coverage which protect you from different types of losses and unfortunate situations. A common mistake people make is thinking that they have a full coverage policy that will protect them from all losses. Full coverage only means a certain amount of coverage in all standard areas. It is the actual amount of coverage in these different areas that is most important.

Insurance Policy Types

Standard motor vehicle coverage types include: Collision, Comprehensive, Medical, Liability, Property Damage, and Uninsured/Underinsured Motorists. A good option to also consider buying is what's known as an Umbrella policy. Umbrella policies provide additional liability coverage for situations in which damages are severe.

Collision covers the necessary repairs to your bike regardless of who is at fault.

Comprehensive coverage protects you from theft and damage by vandalism. Usually this policy will also cover damage caused by fires and floods.

Medical payment coverage will pay for your reasonable medical bills.

Personal Injury Protection (PIP) No fault insurance that pays reasonable medical bills related to an accident and 80% of lost wages.

Liability protects you by covering injury to others when you are at fault.

Property Damage will cover the damages caused by your vehicle to other peoples' property.

Uninsured and Underinsured will protect and compensate you in the event that you are injured by another party who either has no insurance or that cannot fully compensate you.

Umbrella Insurance provides additional liability coverage in the unlikely event that the damages caused are extensive and costly.

Things to Remember

Different states have different laws about motorcycle insurance coverage. The information here is just a guide. You need to discuss your individual situation and needs with a qualified insurance broker-agent. Preferably, it will be someone that has experience with motorcycle accident insurance coverage, and that has the ability to guide you through this process accordingly. Analyze the strengths and weaknesses of various plans and be sure that you have sufficient coverage protection.

* The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.